As speculation builds over who might eventually succeed Jerome H. Powell as chair of the Federal Reserve, Treasury Secretary Scott Bessent says he is not seeking the role and remains focused on his current post.
The post Exclusive: Treasury Secretary Bessent Is Not Looking To Succeed Fed’s Powell appeared first on Breitbart.
Tag: Economy
‘Fully justified’: Graham plows ahead with Trump border funding despite Paul’s objections
Senate Republicans clash over border security spending as Budget Committee Chair Lindsey Graham supports $150 billion border plan while Homeland Security Chair Rand Paul questions cost.
Public opinion turns against Trump-backed tax and spending bill, new survey finds
Senate debates Republican tax-and-spending bill backed by Trump while national polling indicates majority opposition, with concerns over proposed Medicaid changes and impact on national debt.
House bipartisan bill directs NSA to create ‘AI security playbook’ amid Chinese tech race
House lawmakers propose a bill requiring the NSA to develop an “AI security playbook” amid Chinese efforts to steal U.S. technology and information.
Mayor Karen Bass’ handling of LA riots adds to decades of political baggage
Los Angeles Mayor Karen Bass faced criticism over her response to anti-ICE riots, past praise of communist leaders and controversies including a deputy mayor’s bomb threat and wildfire handling.
Dem governor expected to defend state’s controversial sanctuary policies during GOP-led hearing
Illinois Gov. JB Pritzker prepares to defend sanctuary policies before GOP lawmakers, arguing his administration filled a void left by federal inaction during the ongoing border crisis
Republican senators roll out DOGE budget proposals for Trump’s ‘big, beautiful bill’
GOP lawmakers introduced a DOGE package in Senate negotiations that would claw back funds from politician “welfare,” unused federal buildings and improperly distributed taxpayer money.
Dem’s Sexism Jab At Treasury Secretary Bombs, Draws Groans During Hearing
The audience attending a Capitol Hill hearing audibly groaned on Wednesday when a House Democrat suggested Treasury Secretary Scott Bessent had interrupted her because she Read More
Taiwan envoy urges congressional action, warns of rising China threat after meeting lawmakers
Ambassador Alexander Yui calls for faster delivery of military equipment and a double taxation agreement to boost Taiwan-U.S. investment amid China’s increasing military provocations.
‘Great Numbers!’: Report Shows No Significant Tariff-Related Price Jumps For 3rd Straight Month
The latest data from the Consumer Price Index released on Wednesday showed — for the third straight month — that President Donald Trump’s tariffs have Read More