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Scott Bessent

Scott Bessent
Scott Bessent is a prominent figure in American finance and currently serves as the US Treasury Secretary, a role he assumed in January 2025. His responsibilities include maintaining a robust economy, fostering growth, managing government finances and addressing global economic threats. Previously, Bessent was Chief Investment Officer at Soros Fund Management, where he achieved significant returns, notably during the 1992 British Pound crisis. He also founded Key Square Group, a global macro investment firm. With four decades in global investment, his expertise spans currency markets and macroeconomic trends, making him a key advisor on international trade and economic policy.
US debt ceiling

America’s US$40 trillion debt gamble is getting harder to ignore: economists

Analysts warn that high spending, rising interest costs and tax cuts could impede Washington’s efforts to ‘grow our way out of’ record-high national debt.

Iran condemns US plans to announce new sanctions

Iran president says time to end war while Tehran is in position of strength

The comments come after US Treasury chief Bessent vowed Washington would ‘collapse’ the Iranian regime with sanctions.

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