June 6, 2025

Scott Bessent

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Investors

Can Trump fix the US debt? Even Elon Musk has doubts

  • June 1, 2025

WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All

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Finance

Trump’s finance chief rejects US recession fears

  • April 6, 2025

Scott Bessent, the US treasury secretary, and Howard Lutnick, the commerce secretary, with Donald Trump at the White House – Elizabeth Frantz/Reuters Donald Trump’s finance chief has rejected fears of a US recession despite the president’s trade war sparking a $6 trillion (£4.7 trillion) stock market collapse. Scott Bessent, the treasury secretary, said on Sunday

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