WASHINGTON — Treasury Secretary Scott Bessent announced that a TikTok deal could be finalized this week.

Bessent, who spoke with CBS News' Margaret Brennan on "Face the Nation , " said that the U.S. has reached a final deal for the social media platform.

"We reached one in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction on Thursday in Korea," Bessent said.

The U.S. Treasury secretary did not elaborate on the details of the finalized deal, but an official announcement is expected on Thursday.

The news comes a month after President Donald Trump signed an executive order that outlined a deal to keep the social media platform operating in the U.S. under a new corporate structure with American

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