In a declaration to SCOTUS, Scott Bessent confesses that what Trump has claimed were trade "deals" are really just "frameworks" that are not yet binding, and the investments and purchases cited in them are a fraction of the $15 trillion dollars in investment he has claimed they include. The post Scott Bessent Fact Checks Donald Trump’s Lies about Tariffs appeared first on emptywheel.| emptywheel
A month ago, Scott Bessent was counting on delay at SCOTUS to get them to agree to uphold Trump's illegal tariffs. Now, Trump is declaring that "TIME IS OF THE ESSENCE," perhaps because Congress might soon realize the tariffs are killing the economy. The post In Batshit Rant Trump Seems to Beg John Roberts to Rule before Full Brunt of His Tariffs Hits appeared first on emptywheel.| emptywheel
Treasury Secretary Scott Bessent reportedly threatened to punch the Trump administration’s federal housing official in the “f***ing face.” Keep up with the latest in LGBTQ+ news and politics. Sign up for The Advocate's email newsletter. Bessent, the highest-ranking out member of Trump’s administration, attended a party in Washington, D.C., last week where he got into a confrontation with Federal Housing Finance Agency Director Bill Pulte, according to Politico. The altercation reporte...| Advocate.com
Scott Bessent confessed to Larry Kudlow how the Trump Administration is trying to sustain their illegal tariffs: by collecting enough revenue from them (and lying about how much they're really collecting) that SCOTUS won't dare uphold the law.| emptywheel
For years, Republicans, including President Donald Trump, have railed against the IRS and its cadre of armed agents.| AP News
Some recently released data has spelled good news for parts of the American economy thus far in President Donald Trump’s second term.| Alpha News MN
Trump calls Bessent “very good” and “soothing” but not top pick for Fed chair; criticizes Powell’s spending, comments on crypto bill.| The Pavlovic Today
The U.S. stock market, which had suffered since President Trump unveiled his tariff plan, rose sharply after he announced a pause to allow negotiations.| CNBC
A new Treasury Department rule will hamper the government's power to address money laundering and illegal political donations.| Sludge
Elon Musk is rapidly consolidating control over large swaths of the federal government with President Donald Trump’s blessing.| AP News
Until Further Notice: Comprehensive coverage of the Trump-Musk Treasury Payments Crisis of 2025| Notes on the Crises