
Who Is Scott Bessent? Trump Trade Aide Who Traded Blows With Elon Musk Inside Oval Office
Last Updated:
Scott worked in global finance for many years before making his debut in politics, holding senior positions in several well-known firms.
A physical altercation broke out between Elon Musk and Scott Bessent in the White House, an incident that reportedly took place in mid-April.
According to the Washington Post, a heated argument broke out between Elon Musk and Scott Bessent following a mid-April meeting with President Donald Trump in the Oval Office.
After a disagreement between them over their preferred candidate for acting IRS commissioner, the argument escalated into a shouting match in the hallway outside the Oval Office, where the two men traded personal insults and engaged in a verbal brawl.
After the meeting, Bessent reportedly accused Musk of being a 'total fraud," claiming he had failed to follow through on promised spending cuts.
In response, Musk allegedly reacted physically—delivering a hard shoulder bump to Bessent's ribcage, described by witnesses as similar to a rugby tackle. The situation quickly escalated into a brief scuffle that had to be broken up by people nearby.
Musk was reportedly escorted out of the West Wing following the incident.
Who Is Scott Bessent?
– Scott Bessent made history by becoming the first openly gay person to lead the US Treasury Department.
– He is also the first openly LGBTQ+ Cabinet member confirmed by the Senate under a Republican president.
– Scott completed his studies at Yale University, one of the top universities in the U.S.
– He worked in global finance for many years before making his debut in politics, holding senior positions in several well-known firms.
– He also aligns with Trump's economic policies, like reducing regulations, cutting taxes, and applying tariffs to key trade rivals.
– He was nominated on November 22, with Trump praising him as someone who believes in the 'America First" approach.
Elon Musk And Scott Bessent's Relationship
Elon Musk, who was chosen to help reform the government, has criticised Bessent, saying he represents the old way of doing things. Musk also warned that continuing with traditional choices could harm the country's economy, and called for a different direction.
Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated!
First Published:
June 08, 2025, 17:16 IST
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
22 minutes ago
- Time of India
Tesla Takedown protesters not going home as yet, calls Elon Musk's DOGE exit: Billionaire brats having a ...
Protests targeting Tesla and SpaceX CEO Elon Musk persist despite his recent exit from leading the Department of Government Efficiency (DOGE) and a public feud with President Donald Trump over Trump's sweeping tax and domestic policy legislation, dubbed the 'The One Big, Beautiful Bill,' according to a report by CNN. Musk, who donated $288 million to Trump's 2024 campaign, labeled the bill a 'disgusting abomination' shortly after stepping down from DOGE, his federal cost-cutting initiative. The dispute escalated The Tesla Takedown movement shows no signs of slowing, despite Musk's DOGE exit, his clash with Trump, and Tesla's declining sales and stock value. After Musk's departure, the movement's Bluesky account called for protests on June 28, Elon Musk's birthday, to 'recommit to the fight.' What is Tesla Takedown movement The Tesla Takedown movement urges people to 'sell your Teslas, dump your stock and join the picket lines' to 'help save lives and protect our democracy,' per its website. Tesla's sales dropped 13% in the first quarter of 2025, the largest decline in its history, while its stock (TSLA) fell about 14% this week, down nearly 47% from its December 18 peak of $488.54. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Halle: GEERS sucht 700 Testhörer vor 1972 geboren GEERS Undo The Tesla Takedown movement, which began in mid-February during Musk's DOGE tenure, organized 60 demonstrations outside Tesla showrooms on Saturday (May 7) in cities including Delray Beach, Florida; Louisville, Kentucky; and Decatur, Georgia. In Washington, DC's Georgetown neighborhood, about 30 protesters gathered at 11:30 a.m. ET outside a Tesla showroom despite rainy weather, a smaller turnout than the 200 who protested the previous week in Rockville, Maryland. Local co-organizers Melissa Knutson and Sara Steffens attributed the lower attendance to weather and competing Pride Month events. 'This is not over because (Musk) decided to go home with his tail between his legs,' Knutson told CNN, emphasizing the movement's resolve. 'We are tired of the billionaire takeover and we are not letting up,' Knutson added. Elon Musk on Tesla Takedown protests Elon Musk has said that Tesla Takedown movement is funded by dark money groups tied to political operatives. In a remote interview last month with Bloomberg's Qatar Economic Forum, Musk decried violent protests and people burning him in effigy and Tesla cars, saying many of them deserve to be imprisoned. "It's not fine to resort to violence," he said, calling it "evil" to damage someone's car or threaten him personally. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Mint
an hour ago
- Mint
Wall Street week ahead: Focus on inflation, US-China trade talks, Apple event
Wall Street investors in the week ahead are likely to focus on key inflation data and the trade talks between the United States and Chinese officials. Aiming to de-escalate the trade war, US and Chinese officials, including US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Trade Representative Ambassador Jamieson Greer, and Chinese Vice Premier He Lifeng, are set to meet on Monday in London. In terms of economic data, market participant will receive data for the Consumer Price Index and the Producer Price Index. Next week's earnings season will see big companies such as Oracle, Adobe, and GameStop declare their quarterly results. A major tech event is also scheduled to be held in the week ahead. Apple's WWDC 2025, that will begin on Monday, is expected to feature some key announcements and a first look at new updates for iOS, watchOS, visionOS, macOS, iPadOS, and tvOS. On June 9 (Monday), a report on wholesale inventories for April will be released. On June 10 (Tuesday), data on NFIB Optimism Index for May will be declared. On June 11 (Wednesday), a report on Consumer Price Index (CPI) for May will be released. On June 12 (Thursday), separate reports on initial jobless claims for the week ended June 7 and Producer Price Index (PPI) for May will be declared. On June 13 (Friday), a preliminary report on consumer sentiment for June will be released. Following companies are due to report first quarter results in the week ahead — Casey's General Stores, Calavo Growers, Lakeland Industries, GameStop, J. M. Smucker, United Natural Foods, GitLab, Oracle, Chewy, SailPoint, Adobe, and Lovesac. US stock indices closed higher on Friday following a better-than-expected report on the jobs market. The Dow Jones Industrial Average rose 442.88 points, or 1.05%, to 42,762.62, the S&P 500 gained 61.02 points, or 1.03%, to 6,000.32 and the Nasdaq Composite gained 231.50 points, or 1.20%, to 19,529.95. For the week, the S&P gained 1.5%, the Dow rose 1.17% and Nasdaq 2.18% up. In May, US employers slowed their hiring but still added a solid 139,000 jobs amid uncertainty over US President Donald Trump's trade war. In the bond market, the yield on the 10-year Treasury rose to 4.51% from 4.39%. The 2-year Treasury yield rose to 4.04% from 3.92%.


Time of India
an hour ago
- Time of India
Feud on pause? Aides of Elon Musk and Donald Trump hold talks; but 'relationship remains uncertain': Report
Elon Musk and Donald Trump (File photo) The fragile peace, following the social media conflict between US President Donald Trump and billionaire entrepreneur Elon Musk held steady, as their aides engaged in talks on Friday, according to two White House officials cited by Politico. However, one of the officials addressed Trump's Truth Social hiatus with Musk saying, "He's stopped posting, but that doesn't mean he's happy," "The future of their relationship is totally uncertain," added the official, speaking under anonymity. Both individuals have temporarily ceased their public disagreements, which included Musk's impeachment suggestions and Trump's threats regarding federal contracts for Musk's enterprises. Neither party was keen on this cessation, according to the officials familiar with both men's sentiments. Trump was particularly irritated by Musk's suggestion of presidential connections to Jeffrey Epstein , stating Trump was "in the Epstein files." While Trump's name appears in publicly available Epstein-related court documents alongside other prominent figures, no wrongdoing has been linked to Trump. However, Musk's claim about Trump's electoral victory depending on his support, including substantial political contributions, particularly angered the president, the officials claimed. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo This dispute between the two emerged as the president and Republican leadership attempted to advance significant domestic policy legislation, potentially Trump's most substantial second-term achievement. Musk criticised the megabill for having a "MOUNTAIN of DISGUSTING PORK." When contacted, press secretary Karoline Leavitt told POLITICO, "As President Trump has said himself, he is moving forward focused on passing the One Big Beautiful Bill." The reported talks between the aides come just days after reports claimed that Musk might have talks with White House officials, although a direct dialogue between them seems improbable at present. Read more: Direct talks unlikely; White House aides may engage- report Tensions began rising before last week's social media exchanges. Trump expressed disappointment in Musk's overselling of DOGE's capacity to reduce federal bureaucracy. The White House's withdrawal of Jared Isaacman's Nasa leadership nomination, Musk's preferred candidate, reportedly further strained relations. A senior White House official informed Fox News' chief White House correspondent Peter Doocy that presently there are no plans for Trump and Musk to speak directly. Fox News learnt from a source close to the matter that "Musk wants a call. POTUS hasn't made a decision," suggesting that Trump is unlikely to engage with Musk, particularly on Friday. White House personnel director Sergio Gor, responsible for this decision, has maintained ongoing friction with the billionaire, according to both White House officials. Musk declined cooperation with Gor following a March Cabinet meeting where the president asserted departmental heads' authority over Musk, who attended the meeting. This meeting occurred after the Tesla founder initiated widespread dismissals and warnings to government employees, resulting in legal challenges and bipartisan criticism. While most lawmakers and Republican strategists believe Trump maintains advantage in any potential future conflict, Musk represents an unprecedented opponent: the world's wealthiest individual with social media influence comparable to presidential authority.