Pentagon Forges Unprecedented Wall Street Alliance to Fund $150 Billion Military Modernization
Military Meets Private Capital in Historic Partnership The United States Army has initiated groundbreaking discussions with some of Wall Street’s…
Tag: Scott Bessent
China’s Economic Expansion Moderates Amid Trade Tensions and Property Sector Challenges
China’s economic growth moderated in the third quarter amid ongoing trade tensions and property market challenges. The latest data shows GDP expanded 4.8% year-on-year, down from previous quarter’s 5.2% growth.
Economic Growth Moderates in Latest Quarter
China’s economic expansion showed signs of moderation in the third quarter, with GDP growing 4.8% year-on-year between July and September, according to recent reports. This represents a slowdown from the second quarter’s 5.2% growth rate, sources indicate, as the world’s second-largest economy navigates ongoing trade tensions and persistent property sector challenges.
Inside the IMF’s Tense Annual Meetings: Geopolitical Rifts, Shuttered Treasury, and Global Economic Realignments
The Ghost Town at America’s Financial Helm As global finance ministers and central bankers descended upon Washington D.C. for the…
Currency Shifts and Safe Havens: How Fed Policy and Geopolitics Are Reshaping Global Investments
Market Dynamics in Focus Global financial markets are experiencing significant turbulence as the U.S. dollar weakens following the Federal Reserve’s…
U.S. Arranging $20 Billion Private Finance Facility for Argentina Debt Support
The Trump administration is organizing a $20 billion private finance facility to support Argentina’s debt obligations. Treasury Secretary Scott Bessent confirmed the “private sector solution” involving banks and sovereign-wealth funds.
Major Financial Backstop for Argentina
The Trump administration is reportedly assembling a substantial $20 billion private finance facility that could serve as a crucial backstop for Argentina’s debt obligations, according to statements from Treasury Secretary Scott Bessent. The development represents a significant expansion of financial support for the South American nation currently facing economic challenges.
Trump Administration Price Floor Strategy: Combating China’s Market Manipulation
The Trump administration will implement price floors across various industries to combat China’s market manipulation tactics. Treasury Secretary Scott Bessent revealed this industrial policy approach during an exclusive CNBC interview, emphasizing the need for vigilance against non-market economies.
In a significant policy announcement, Treasury Secretary Scott Bessent has revealed the Trump administration’s plan to implement price floors across multiple industries as a strategic response to China’s market manipulation practices. The announcement came during an exclusive CNBC interview at the “Invest in America forum” in Washington, D.C., where Bessent outlined the administration’s approach to protecting American industries from what he described as China’s systematic efforts to undermine global competitors.