Scott Bessent, a billionaire hedge fund manager, is preparing to shed a portfolio valued at more than $700 million as he readies to oversee the U.S. Department of the Treasury. Keep up with the ...

Ahead of his confirmation hearing for Treasury, billionaire hedge-fund manager Scott Bessent outlined holdings that could pose a conflict of interest and said he would divest.

President Donald Trump has decided to create a sovereign wealth fund for the US, calling it an issue “of great strategic ...

The Treasury and Commerce Departments are drafting a plan detailing how a federal sovereign wealth fund might be structured, ...

The prominent hedge-fund investor is scheduled to appear before a Senate committee at 10:30 a.m. Eastern time Thursday Scott Bessent ... such as portfolio management or data aggregation.

(Bloomberg) -- Scott Bessent, President-elect Donald Trump ... also made public Saturday by OGE, though his portfolio is almost certainly worth much more. Nominees list the value of their ...

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from ...

Bessent repeated his view that expanding energy supply will help lower inflation. For working-class Americans, “the energy ...

Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a ...

To US Treasury Secretary Scott Bessent, the yield on 10-year government debt is the key gauge for President Donald Trump’s ...

Scott Bessent, who was confirmed as Treasury Secretary last week, has been named acting director of the Consumer Financial ...