Treasury Secretary Scott Bessent said Sunday that service members will miss paychecks by Nov. 15 if the government shutdown stretches on, despite the Trump administration's previous assurances that members of the military will be paid amid the funding lapse. President Trump directed the Pentagon to use unspent research and development funds to pay the military earlier this month, with around $8 billion in funds from the previous fiscal year identified to cover the mid-month paychecks. But offici

Treasury Secretary Scott Bessent on Wednesday said the administration was preparing to unveil a “substantial pickup” in Russia sanctions either later Wednesday or Thursday morning. “We are going to, either announce after the close this afternoon or first thing tomorrow morning, a substantial pickup in Russia sanctions,” he told reporters at the White House. The remarks come a day after the White House put on hold its plans for a summit in Budapest between President Trump and Russian President Vl

The government shutdown is starting to affect the economy, Treasury Secretary Scott Bessent said Sunday, calling it a “global embarrassment,” but he told Face The Nation it won’t hurt President Trump’s “ability on the international stage” as he negotiates with China’s Xi Jinping this week. | Face The Nation

China will make “substantial” purchases of U.S. soybeans, Treasury Secretary Scott Bessent told Face The Nation on Sunday after trade talks with Chinese counterparts in Malaysia. He added that the global soybean market has been brought “back into equilibrium.” “Soybean farmers are going to be extremely happy with this deal for this year and for the coming years,” Bessent said. | Face The Nation