Bitcoin (BTC-USD) fell to $67,000 per token on Thursday, falling to its lowest level since 2024 as selling pressure intensified. The token extended losses from the previous session after Treasury Secretary Scott Bessent indicated that the US government will not step in to support the cryptocurrency market. In a heated back and forth during the … Read more
Bitcoin (BTC-USD) fell 2% on Wednesday to around $73,000 per token after Treasury Secretary Scott Bessent suggested that the US government will not bail out the cryptocurrency. In a heated back-and-forth hearing during a House Financial Services Committee hearing, Bessent was asked if the US Treasury had the authority to buy bitcoin or other cryptos. … Read more
By Makiko Yamazaki and Leika Kihara TOKYO, Jan 29 (Reuters) – Japan’s top monetary officials are taking advantage of rare U.S. support in their fight against the weak yen, using tactical silence and calibrated communication to steer the currency sharply higher without resorting to large-scale intervention. At the heart of the approach is Atsushi Mimura, … Read more
On Wednesday, January 7, US Treasury Secretary Scott Bessent addressed a major headwind for the US auto industry — affordability — saying the administration is working on a significant tax cut that could help many buyers. The move is surprising, as President Donald Trump recently called the US affordability crisis a hoax. Still, Bessent’s comments … Read more
Dec. 27 (UPI) — President Donald Trump and Treasury Sec. Scott Bessent has urged an end to the Senate’s filibuster rule ahead of an anticipated budget battle in January. Bessent submitted an op-ed that The Washington Post published on Saturday blaming Senate Democrats and the filibuster for blocking passage of a resolution to keep the … Read more
Getty Images Moneywise and Yahoo Finance LLC may earn commission or income through links in the content below. Working Americans will soon see a sizable financial boost — all thanks to changes tied to President Donald Trump’s “One Big Beautiful Bill,” according to Treasury Secretary Scott Bessent. Speaking to a reporter in Pennsylvania on Dec. … Read more
Dec. 10 (UPI) — The United States has blacklisted a network of four Colombians and four entities accused of recruiting former Colombian military personnel to fight in Sudan’s civil war. The sanctions were announced on Tuesday by the US Treasury, which said the network was helping the Rapid Support Forces, a breakaway paramilitary unit that … Read more