It devotes disproportionate time and resources to work on climate change, gender, and social issues,” Bessent said.

U.S. markets opened with big gains and clear signs of relief after President Donald Trump said he would not attempt to fire ...

Treasury Secretary Scott Bessent is attempting to pull Donald Trump back from the proverbial cliff by presenting his own ...

"The series of recent tariff announcements by the United States, and countermeasures by other countries have increased financial market volatility, weakened growth prospects, and increased risks," the ...

Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while ...

Bloomberg News Now is a comprehensive audio report of today's top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes.

Treasury Secretary Scott Bessent took aim at the International Monetary Fund during a Wednesday speech at the Institute of International Finance. "The IMF has suffered from mission creep. The IMF was ...

Bessent said the Trump administration would not seek to retreat from those institutions but instead push to play a stronger ...

Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while saying that they serve “critical roles,” and that the Trump administration is ...

The architects of the Bretton Woods pact recognized that global growth required global coordination, U.S. Treasury Secretary ...

Trump softened his stance on China and the Federal Reserve, while global markets responded positively despite ongoing trade ...

"Escalating geo-economic uncertainties could heighten debt risks, driving up public debt through increased expenditures, particularly in defense," the IMF said. "Demands for fiscal support could also ...