In recent speeches and media scrums, President Donald Trump has lauded the federal budget surplus for the month of June, claiming the surplus had not happened in "many, many years" or "decades." To be clear,

Treasury Secretary Scott Bessent told a room full of billionaires in Sun Valley that President Donald Trump shares a personality trait with his former boss, the famously liberal financier George Soros: Both are impatient when working on high-stakes deals.

T reasury Secretary Scott Bessent criticized Elon Musk 's new political party, saying the world's wealthiest man wasn't a popular part of the Trump administration. Asked about Musk's move, Bessent told CNN's Dana Bash that the ideas behind the administration's Department of Government Efficiency effort, also known as DOGE, were "very popular."

U.S. Treasury Secretary Scott Bessent will meet Japanese Prime Minister Shigeru Ishiba on Friday but will not discuss tariffs, despite Japan’s efforts to restart stalled negotiations ahead of a looming Aug.

Data rolling in on the collection of tariffs by the United States suggests the trade war initiated by President Donald Trump is already generating significant revenue for the U.S. Treasury.

Other candidates under consideration include former Federal Reserve governor Kevin Warsh and top economic adviser Kevin Hassett.