The treasury secretary spoke with Fox Business moments after China announced an 84% retaliatory tariff against the U.S.

The Trump agenda is focused on Main Street. It’s Main Street’s turn… It’s Main Street’s turn to drive investment,” Bessent said.

U.S. Treasury Secretary Scott Bessent described Wednesday the ongoing selloff in government-backed bonds as "uncomfortable but normal deleveraging."

Stanley Druckenmiller, the billionaire hedge fund manager who was once Treasury Secretary Scott Bessent’s boss when they both worked as money managers for George Soros, said he is opposed to President Trump’s tariffs exceeding 10%.

Treasury Secretary Scott Bessent on Wednesday attributed the chaos in the bond market to some 'very large leveraged players' that are experiencing losses but said it is 'nothing systemic.'

Jamie Dimon is hearing "recessionary talk" when it comes to Trump's tariffs, stock volatility and other macroeconomic factors that lean toward a financial slowdown.

Treasury Secretary Scott Bessent also said more than 50 nations had started negotiations with the U.S. since last Wednesday's tariff rollout.

Treasury Secretary Scott Bessent told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff on nearly all global imports.

U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to better balance costs and benefits and ensure that lenders can finance growth in the U.

The National Bureau of Economic Research (NBER) defines a recession as a “significant decline in economic activity that is spread across the economy, lasting more than a few months.” Three criteria – depth, diffusion, and duration – need to be met individually to some degree to formally identify a recession, according to the NBER.