New data shows Americans are saving less
New government data shows Americans are saving less as the U.S. grapples with inflation and higher costs linked to the Iran war. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
Scott Bessent
Sources: Trump yet to approve Iran truce
The White House confirmed the general outlines of an agreement to extend the ceasefire with Iran, but hastened to add that President Trump hasn't signed off yet. The Iranians deny that an agreement has been reached. CBS News' Nancy Cordes, Charlie D'Agata and Aaron MacLean have the latest.
Bessent addresses potential $250 bill
Treasury Secretary Scott Bessent told reporters on Thursday that legislation was making its way through Congress to potentially clear the way for President Trump's face to appear on a proposed $250 bill commemorating America's 250th birthday.
Watch: Bessent holds White House press briefing
Treasury Secretary Scott Bessent held court at the White House press briefing Thursday. Following Bessent's remarks, CBS News' Natalie Brand provided more context.
Bessent, Loeffler and Leavitt take questions
Treasury Secretary Scott Bessent, Small Business Administration administrator Kelly Loeffler and White House press secretary Karoline Leavitt spoke to reporters Wednesday about a wide range of issues at the White House press briefing. CBS News political reporter Zak Hudak provided analysis following the news conference.
Bessent, Fed's Powell met with bank CEOs over potent new Anthropic AI
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
Rep. Rick Crawford on Iran's new leader, more
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
Bessent on Trump accounts, Federal Reserve
President Trump celebrated a new federally-funded investment program, called Trump Accounts, aimed at giving kids a long-term financial foundation. Treasury Secretary Scott Bessent sat down with "CBS Saturday Morning" to discuss the initiative and the looming changes at the Federal Reserve.
Trump threatens Canada with 50% tariff on aircraft sold in U.S.
President Trump is threatening Canada with a 50% tariff on any aircraft sold in the U.S., the latest salvo in his trade war with America's northern neighbor as his feud with Prime Minister Mark Carney expands.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Read the full transcript of Kelly O'Grady's interview with Scott Bessent
Treasury Secretary Scott Bessent addressed the ongoing investigation into Federal Reserve Chair Jerome Powell and the White House's new $1,000 "Trump Accounts" in an interview with Kelly O'Grady. Read the full transcript of their conversation.
Bessent touts Trump Accounts as "rainy day fund"
President Trump is celebrating what he calls "one of the most transformative" policies of all time -- a new, so-called Trump Account for kids, with the U.S. government chipping in the first $1,000. Kelly O'Grady spoke to Treasury Secretary Scott Bessent.
Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Bessent makes pitch for Trump Accounts
CBS News MoneyWatch correspondent Kelly O'Grady spoke with Treasury Secretary Scott Bessent about the rollout of the administration's new retirement savings program: Trump Accounts. Riley Rogerson, politics and Congress reporter for NOTUS, and Eleanor Mueller, Congress reporter for Semafor, join to discuss.
Full interview: Treasury Secretary Bessent
U.S. Treasury Secretary Scott Bessent sits down with "CBS Saturday Morning" co-host Kelly O'Grady to discuss the Department of Justice's ongoing investigation into Federal Reserve Chair Jerome Powell, respond to critics of Trump Accounts and more.
Bessent defends Powell probe: "Independence does not mean no accountability"
Treasury Secretary Scott Bessent tells CBS News that Federal Reserve officials must be "beyond reproach" in communicating with the public.
Bessent defends DOJ probe into Fed chair
Treasury Secretary Scott Bessent told "CBS Saturday Morning" co-host Kelly O'Grady that the Justice Department's investigation into Federal Reserve Chairman Jerome Powell should indicate to future Fed chairs that "independence does not mean no accountability." "The Fed has a very special relationship with the American people because it is the most powerful, unappointed group in the U.S.," Bessent said.
Feds yank contracts with Booz Allen Hamilton after Trump tax leak
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
Stocks slide after Trump threatens European allies with tariffs
U.S. stocks sank on Tuesday following President Trump's weekend threats to impose tariffs on some NATO trading partners.
U.S. Treasury Secretary pushes for Minnesota fraud crackdown
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
10/26: Face the Nation with Margaret Brennan
This week on "Face the Nation with Margaret Brennan, amid President Trump and Treasury Secretary Scott Bessent's trip to Asia, Bessent joins to discuss the Chinese tariffs, the TikTok deal and the government shutdown at home. Plus. House Minority Leader Hakeem Jeffries joins to discuss the government shutdown.
Bessent unveils new Trump Accounts website — and a new IRS form
Treasury Secretary Scott Bessent also said Ray Dalio, the founder of the hedge fund Bridgewater Associates, will donate to the Trump accounts initiative.
Bessent calls for overhaul of regulator that protects U.S. financial system
Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.
U.S. sanctions 3 of Maduro's nephews, 6 oil tankers
The U.S. has imposed sanctions on three nephews of Venezuelan President Nicolás Maduro and half a dozen shipping vessels accused of transporting Venezuelan oil.
Latest on Somali fraud allegations
The Trump administration ramped up immigration activity in Minnesota amid allegations that pandemic relief money made its way to Somali-based al Qaeda affiliate al Shabaab. CBS News' Tom Hanson has more details.
Tennessee's attempt to execute Christa Pike using lethal injection fails
Co-pilot stabs pilot, tries to crash passenger jet en route to Israel, Netanyahu says
Hegseth says he's cutting generals and admirals by 20%, ousting "woke"
Details emerge in case of former Cornell student alleging rape by frat members
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Trump unveils South Korean investment in Alaska gas pipeline
Netanyahu says it's too early to determine motive in cockpit stabbing
Trump deflects on audio of Paxton calling GOP convention a drag on polls
