Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's signature tariffs, but some costs "may get passed on to consumers." Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before,

The national debt of the United States has surpassed $36.2 trillion, raising alarms among economists, credit rating agencies, and business leaders.

Treasury Secretary Scott Bessent defended the Trump administration’s decision to accept a $400 million luxury jet from Qatar, comparing it to the French gift of the Statue of Liberty, while

WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a letter sent May 9 and viewed by USA TODAY. Otherwise, the federal government will hit the current debt ceiling sometime in August, Bessent wrote.

Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, Treasury Secretary Scott Bessent wrote to congressional leaders Friday, urging them to act even sooner,

Wall Street share futures slipped with the dollar on Monday and Treasury yields rose as concerns about erratic U.S. economic policies were underlined by Moody's downgrade of the country's credit rating.

The two most important pieces to the global trade war puzzle may finally be coming together to prevent an attempted self-inflicted recession by the president.

China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies.

Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks for the digital assets industry.

U.S. President Donald Trump's pick to lead the Consumer Financial Protection Bureau, Jonathan McKernan, has instead been nominated to a senior role in the Treasury Department, the Treasury said in a statement on Friday.

After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that consumers would see higher prices as a result of the trade war.