Treasury Chief Bessent Moves to Slash U.S. Financial Regulations, Sparking Backlash

Treasury Secretary Scott Bessent confirmed Thursday that he is urging the U.S. government’s top financial safety watchdog to loosen regulations on the nation’s financial system, a move that could reshape how Wall Street is overseen.

The proposal from Bessent, who chairs the Financial Stability Oversight Council, sparked immediate debate about the future …