Scott Bessent, US treasury secretary, speaks to members of the media outside the White House in Washington, DC, US, on Thursday, Aug. 20, 2026. Yuri Gripas | Abaca | Bloomberg | Getty Images Treasury Secretary Scott Bessent insisted Thursday that he has multiple weapons at his disposal to quell liquidity problems in the government debt…
Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026. CNBC Treasury Secretary Scott Bessent said Thursday there’s a “very good chance” that the U.S. budget deficit under President Donald Trump has likely peaked. “We are going to be laser focused,” Bessent told CNBC’s Sara Eisen in an exclusive interview a day after his…
Treasury Secretary Scott Bessent told CNBC on Thursday that an accelerated buyback of government debt could be higher than the announced $4 billion. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link
President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, Aug. 19, 2026. Jim Watson | AFP | Getty Images President Donald Trump on Wednesday expressed frustration that the Federal Reserve isn’t cutting interest rates, insisting that solid economic data shouldn’t stop the central…
A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters Government debt has eclipsed $40 trillion, passing yet another staggering benchmark for red ink, according to the Treasury Department. The total U.S. IOU hit $40.05 trillion as of Monday,…
People walk in front of a billboard honouring a participant in Russia’s military action in Ukraine and reading “Pride of Russia!” and a Neftmagistral gas station pylon which shows that there is no gasoline at the station in Moscow on July 10, 2026. Igor Ivanko | Afp | Getty Images Russian government officials told CNBC…
Wholesale costs for goods and services were flat in July, the Bureau of Labor Statistics reported Thursday in the latest positive sign for inflation. The producer price index, a measure of underlying inflation pressures, was unchanged for the month, below the 0.2% Dow Jones consensus estimate and after falling 0.1% in June. The June figure…
England fans react during the England V Croatia in the 2026 FIFA World Cup match at Croydon Boxpark on June 17, 2026 in London, England. Alishia Abodunde | Getty Images News | Getty Images The U.K. economy is showing further signs of a long-awaited rebound, but the picture is complicated by the fallout from the…
A produce worker stocks shelves near romaine lettuce (top shelf, right) at a supermarket in Washington, DC on November 20, 2018. Andrew Caballero-Reynolds | AFP | Getty Images Lettuce prices cratered in July as the multistate cyclospora outbreak pushed diners to shun the leafy green. Prices for the vegetable tumbled 16.4% from June, the largest…
Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty Images The U.S. budget deficit soared to its highest monthly level in more than five years amid a surge in Medicare costs and as interest on the federal debt continued…