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Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth….

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California wealth tax proposal leaves billionaires with little way out

California wealth tax proposal leaves billionaires with little way out

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could…

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