175 stories found
Treasury Secretary Bessent has stated that Texas has surpassed California to become 'America’s center of gravity.' This claim suggests a significant shift in economic and cultural influence between the two states.
Representative Mark Harris has urged Treasury Secretary Bessent to revoke the Southern Poverty Law Center's (SPLC) tax-exempt status, accusing the group of fraud for allegedly funding extremist organizations.
Former US Treasury secretary Henry Paulson urged Washington and Beijing to manage their escalating strategic competition, warning that deepening distrust poses a greater risk than trade imbalance and could lead to broader conflict.
Treasury Secretary Bessent engaged in a heated exchange with Rep. Brad Schneider during a House Ways and Means hearing, discussing Trump tariffs and the issue of outmigration from Illinois.
The US Treasury Secretary has made statements regarding the Clarity ACT, suggesting that its provisions could bring about significant and lasting changes to the landscape of Bitcoin and cryptocurrency regulation.
US and Iranian officials have reportedly reached a tentative ceasefire deal, but its approval remains uncertain as it awaits a final decision from President Trump. The potential agreement has also influenced oil prices.
China has expressed willingness to work with the US on slashing tariffs, while the US Treasury Secretary indicated no rush to extend a trade truce. Discussions continue amidst a broader debate on whether the West is de-risking from or containing China's economy.
The US Treasury Secretary, during a meeting with the Bank of Japan Governor in Paris, reiterated concerns that excessive fluctuations in currency exchange rates are undesirable.
South Korean President Lee Jae Myung is scheduled to meet visiting US Treasury Secretary Scott Bessent to discuss issues including US tariffs and the upcoming US-China summit. The meeting is expected to take place this week.
US President Donald Trump rejected Iran's latest peace proposals, calling them "completely unacceptable," a move that caused oil prices to surge and intensified tensions over the Strait of Hormuz.
Former Treasury Secretary Steven Mnuchin expressed concerns about the U.S. government's ability to finance its debt, stating there's no 'break-the-glass' solution. This comes as the market questions the reliability of long Treasury bond investments.
A disagreement between the UK Chancellor and the US Treasury Secretary regarding criticism of the Iran war highlights the diverging positions of the two allied nations on the conflict.
Dayasiri has called for the Treasury Secretary to be summoned before a privilege committee in Sri Lanka.
Chinese Vice-Premier He Lifeng held a video meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, during which China expressed "serious concern" over US restrictions.
US Treasury Secretary Scott Bessent stated that intensified financial pressure and measures to dismantle networks supporting the Iranian economy would soon force Iran to reduce its oil production.
A tense situation unfolded during a protest held outside the residence of Sri Lanka's Treasury Secretary, highlighting public discontent.
Iran has seized multiple ships in the Strait of Hormuz, with Croatia confirming two nationals were aboard one vessel. Concurrently, Tehran announced it has begun collecting its first toll revenues from the strategic waterway, escalating regional tensions.
US Treasury Secretary Scott Besant announced that Washington will intensify its 'maximum pressure' policy to systematically limit Iran's ability to generate, transfer, and repatriate funds, confirming continued blockade of Iranian ports.
Emirati officials have reportedly spoken with Treasury Secretary Scott Bessent about accessing dollars, seeking a wartime financial lifeline from the US if the Middle East conflict drags on.
Treasury Secretary Scott Bessent has recommended that workers adjust their paycheck withholding, though experts caution that errors in this process could potentially lead to an unexpected tax bill.
Former Treasury Secretary Henry Paulson has issued a warning about a potential shock to the U.S. Treasury market, urging the need for an emergency "break-the-glass" plan. He highlighted concerns about a possible collapse in demand for Treasury bonds.
The White House has announced it will not renew the waiver for Russian oil sanctions, a decision defended by U.S. Treasury Secretary Scott Bessent, who previously argued the temporary waiver prevented a significant price spike.
Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three Treasury Secretary Scott Bessent told reporters Tuesday that Beijing’s panic hoarding of…
Democrats' social media team criticized two Trump cabinet members, Treasury Secretary Bessent for a beverage gaffe and Defense Secretary Pete Hegseth for alleged problem drinking.
Former US Treasury secretary Janet Yellen stated there is 'no alternative' to the dollar and urged US-China cooperation for global stability, warning against decoupling.
Former Treasury secretary Ken Henry has urged for a 100% tax on windfall profits from gas giants, dismissing their claims as 'self-serving' in a submission to a new parliamentary inquiry.
Kevin Warsh, President Trump's nominee for Federal Reserve Chair, has disclosed assets exceeding $190 million ahead of his confirmation hearing. His financial holdings make him potentially one of the wealthiest Fed chair nominees in modern history.
Bitcoin Price Suddenly Braced For Critical Week As U.S. Treasury Secretary Fuels Huge $1.5 Quadrillion Crypto Prediction Forbes
The US Treasury Secretary reportedly convened an emergency meeting with financial leaders to discuss potential risks to the financial system posed by Anthropic's new AI model, particularly concerning its possible misuse in cyberattacks.
With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that…
The US Treasury Secretary requested an urgent meeting with the leaders of the largest banks, they are concerned about the AI software of the blacklisted company
A Russian tanker carrying crude oil has arrived in Cuba, marking the first delivery in nearly three months despite a US blockade, with Moscow vowing to provide further supplies. Former President Trump stated he has 'no problem' with the Russian oil tanker bringing relief to Cuba.
The Prime Minister of Qatar held meetings with the US Vice President and Treasury Secretary, indicating ongoing diplomatic engagements between the two nations.
The US has reportedly informed Israel of a potential ground military operation to seize Iran's Kharg Island, while Treasury Secretary Scott Bessent previously indicated that military deployment to the island is a possibility as the US considers escalating attacks in the Iran War.
Scott Bessent accused NBC's Kristen Welker of "terrible framing" during an exchange about Iranian oil on Sunday, as the host pressed the treasury secretary on why the U.S. lifted sanctions.
The US Treasury Secretary stated the government has funds for a war with Iran but is requesting an additional $200 billion from Congress for future military equipment, ruling out tax increases.
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
The US is reportedly considering easing sanctions on Iranian oil to help stabilize global prices, with Treasury Secretary Scott Bessent stating that removing sanctions would lower prices. Oil prices have already begun to fall following Bessent's confirmation that the US may soon lift sanctions on Iranian crude stored aboard tankers.
US Treasury Secretary Scott Bessent, a minister in the Trump administration, commented on 'desertion at all levels' within Iran and suggested that an important Iranian island might become US property.
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
The weekend meeting is the first publicly reported since the start of the Iran war between the Palestinian terrorist group and the board.
A planned bilateral meeting between Colombia and Venezuela was abruptly called off, with both nations citing 'force majeure'. This cancellation followed a phone conversation between Colombian President Gustavo Petro and US President Donald Trump, and also affected the Venezuelan leader's first foreign trip.
In the interview, Scott Bessent said that he would ‘trust’ his child’s life in President Trump’s hands
U.S. Treasury Secretary said “absolutely not” when asked whether there was a price that could cause him to confront President Donald Trump and say the Iran war was no longer affordable
As the Iran-Israel war in the Middle East squeezes global oil supply, the Trump administration hosted Latin American leaders and the US treasury secretary pivoted from a tone of authority to one of partnership - a shift in language.
Congress general secretary in charge of communications, Jairam Ramesh, said U.S. Treasury Secretary Scott Bessent has given the Modi government its certificate for faithfully following President…
US Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
US Treasury Secretary Scott Bessent said Wednesday that a new US global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working to replace its emergency tariffs that the Supreme Court recently struck down. Bessent made the remarks in a CNBC interview, as Trump has said his administration will raise the temporary tariff amid efforts to maintain his trade policy following last month's court ruling against his use of the Inte
U.S. Treasury Secretary has indicated that President Trump's threatened 15 percent tariff hike is likely to be implemented this week, following a previous 10 percent universal levy imposed last month.
Scott Bessent, tasked by Trump to sever trade ties with Spain, stated that Spain 'acted terribly' and was 'taking advantage' within the NATO framework, putting American lives at risk.
US Treasury Secretary Bessent says oil market well supplied amid Iran war Reuters
Senators Ted Cruz and Tim Scott have called on the Treasury Secretary to approve a $200 billion tax cut on capital gains without requiring congressional approval.
Former Harvard University President Larry Summers will step down from his teaching position at the prestigious U.S. university following revelations of his connections to convicted sex offender Jeffrey Epstein.
Summers, who also resigned from the OpenAI board, will remain on leave until the end of the academic year.
Former US Treasury Secretary Larry Summers stops teaching at Harvard University after revelations about his connections to Jeffrey Epstein.
Treasury Secretary Scott Bessent admitted that US sanctions contributed to a dollar shortage and inflation in Iran, leading to recent protests.
Treasury Secretary Bessent blames political "venom" after deadly security incident at Trump's Mar-a-Lago estate. Suspect shot, killed by authorities Sunday.
A counselor to the Treasury Secretary, Bessent, commented on experiencing 'very strong disinflationary growth' in the economy.
US Treasury Secretary Scott Bessent stated that Gulf countries would be compensated for damages caused by Iranian attacks, with funds taken from frozen Iranian bank accounts.
Melania Trump announced a new savings program designed for children in foster care during an event with the first lady and Treasury Secretary Scott Bessent.
The US Treasury Secretary announced the seizure of approximately $1 billion in Iran's crypto holdings. Iran responded by quoting Shakespeare, calling the US a "dwarfish thief."
Treasury Secretary Bessent and Representative Sánchez engaged in a fiery exchange during a discussion on a Trump family tax audit immunity deal, with Bessent accusing Sánchez of seeking social media clips.
The US House of Representatives passed a resolution to curb President Trump's ability to wage war against Iran, marking a rare bipartisan rebuke. This move highlighted divisions within the Republican party regarding the president's foreign policy decisions.
Iran's Foreign Minister Spokesperson has condemned what he described as unlawful US Treasury secretary's threats against Oman, considering them against the UN Charter.
Top European finance ministers have privately appealed to US Treasury Secretary Scott Bessent, urging the US administration to bring an end to the war with Iran.
The U.S. Treasury Secretary has called on G7 allies to impose additional sanctions on Iran. This appeal comes as part of ongoing efforts to pressure Tehran.
Japan's finance minister stated that US Treasury Secretary Bessent offered 'understanding' regarding Japan's yen policy following their meeting, as the currency continues to weaken.
The US Treasury Secretary is scheduled to visit Japan from the 11th of this month to meet with Prime Minister Takaichi and Finance Minister Katayama, with discussions expected on the Iran situation and yen-dollar exchange rates.
Rachel Reeves and Scott Bessent reportedly had an argument in Washington following criticism from the Chancellor regarding the Iran war, with Ms Reeves asserting she does not work for the US Treasury Secretary.
Treasury Secretary Bessent has issued a warning to Americans about the rapidly evolving threat of AI-driven bank account hacks.
The Treasury market is closely watching for potential shifts in the debt playbook under Treasury Secretary Janet Yellen's tenure.
Sri Lanka's Treasury Secretary attended a meeting of the Committee on Public Finance (COPF). This appearance was confirmed amidst some reports, with one official stating they were unaware of prior reports regarding the attendance.
The Treasury Secretary of Sri Lanka has been summoned to appear before the Committee on Public Finance (COPF).
US envoys are traveling to Islamabad for potential talks, but Iran's foreign minister, also in Pakistan, has ruled out direct negotiations with the American delegation. This creates uncertainty about the format and outcome of any diplomatic efforts.
US Treasury Secretary Scott Bessent has called on a Senate panel to pass comprehensive legislation for the crypto market, emphasizing the need for a clear regulatory framework.
Kevin Warsh, President Trump's nominee for Federal Reserve chair, faced intense questioning during his Senate confirmation hearing regarding his independence from the administration and his proposed 'regime change' in Fed policies. He denied being a 'sock puppet' for Trump while sidestepping questions about the president's influence on rate policy.
Iran has again closed the Strait of Hormuz, with its Revolutionary Guard threatening to fire on any approaching ships, leading to a significant drop in traffic due to security fears. The US has warned against "blackmail" and reportedly plans to seize Iran-linked vessels.
Former Treasury Secretary Henry Paulson has suggested that the United States develop an emergency 'break-glass' plan for its Treasuries market to address potential future crises.
Treasury Secretary Scott Bessent is urging Americans to adjust their tax withholding to increase their immediate take-home pay.
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
The U.S. Treasury Secretary has accused China of hoarding oil and acting as an 'unreliable global partner,' leading to market distortion. The International Energy Agency and the International Monetary Fund have also issued warnings regarding China's actions.
British Finance Minister Rachel Reeves was not backing away from her criticism of the Iran war as "folly," even as she prepared to meet Treasury Secretary Scott Bessent and other U.S.
Treasury Secretary Bessent has reportedly made a major announcement concerning potential Federal Reserve interest rate cuts, drawing significant market attention.
The Treasury secretary stated that it is challenging to determine the exact causes of global warming, which he characterized as a belief held by the 'elite,' and questioned its economic toll.
Treasury Secretary Bessent has reportedly labeled crypto leaders as 'nihilists' as the deadline for the Clarity Act approaches. Her comments highlight ongoing tensions between regulators and the cryptocurrency industry.
US Treasury Secretary and Federal Reserve Chair held an urgent meeting with top bank CEOs to caution them about cybersecurity concerns posed by Anthropic's new AI model, which can identify software vulnerabilities.
The US Treasury Secretary has convened a meeting with US bank CEOs to discuss the cyber risks posed by Anthropic's latest AI model, which has identified decades-old vulnerabilities, following an urgent warning from authorities.
The Italian Embassy in New Delhi is celebrating 'Made in Italy Day' on April 15, coinciding with Leonardo da Vinci’s birthday, to safeguard and promote Italian excellence.
The US Treasury Department has formally demanded that the Financial Times retract a report concerning Treasury Secretary Scott Bessent's views on increased oversight of the Federal Reserve, labeling the article as 'manufactured'.
Qatar's Prime Minister has met with the US Vice President and Treasury Secretary, engaging in high-level discussions as the US expects the Middle East war to conclude within weeks without ground troops.
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
The US-Israel alliance in the Iran conflict continues to face scrutiny, with a former US counterterror chief discussing Israel's influence and the US Treasury Secretary defending attacks on Iranian infrastructure, stating that escalation is sometimes necessary for de-escalation.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses ample funds to finance the Iran war, even as a $200 billion additional funding request faces stiff opposition in Congress.
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The post…
Trump-Xi meeting could be delayed, White House says The Straits Times
A 15-year-old girl was killed and her parents severely injured in a Russian attack on a village near Chernihiv, Ukraine, which also damaged two residential buildings.
US Treasury Secretary Scott Besed abruptly left a live interview after being informed that Donald Trump wanted to see him 'immediately.' Besed was speaking during a live broadcast when he received the urgent summons.
Indian source says Iran to allow India-flagged tankers to pass through Strait of Hormuz Daily Mirror - Sri Lanka
US Treasury Secretary Scott Besed stated that no price would make the war with Iran economically unfeasible, in response to a question from Sky News.
Congress criticizes the Modi government, calling Prime Minister Modi's actions "cowardly" after the US Treasury Secretary praised India for agreeing to halt Russian oil imports.
India received temporary relief in energy supply on Friday after US Treasury Secretary Scott Besent announced a 30-day exemption allowing Indian refineries to purchase...
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10 per...
Treasury Secretary Scott Bessent predicted that overall tariff rates, which fell after a Supreme Court ruling last month, would be back to previous levels within five months.
Treasury Secretary Bessent announced that the U.S. will make a series of announcements aimed at supporting oil trade in the Gulf region.
The UK Treasury Secretary and Swedish Finance Minister co-authored an article urging people not to believe Russian propaganda about its economy, asserting that it is not as strong as portrayed.
Larry Summers, former US Treasury Secretary and Harvard President, announced his retirement from teaching at the end of the academic year due to controversies surrounding his correspondence with Jeffrey Epstein.
Larry Summers, former US Treasury Secretary and top economic advisor to Barack Obama, announced his difficult decision to retire from Harvard University at the end of the academic year, following the revelation of his connections to Jeffrey Epstein.
The former US Treasury Secretary has resigned from his position at Harvard following connections to Jeffrey Epstein.
Treasury Secretary Scott Bessent admitted that Washington helped spark recent protests in Iran by creating a U.S. dollar shortage, leading to runaway inflation.
Treasury Secretary Bessent has provided a candid assessment of the current economic outlook, sharing a blunt forecast on the state of the economy.
The US Treasury Secretary has announced that the United States will compensate Gulf countries for damages using Iranian funds. This move aims to address financial grievances among allies in the region.
US Treasury Secretary Bessent announced a plan to compensate America's Gulf regional allies using frozen funds, stating that 'Iran Will Pay' in a move to address tensions in the region.
Treasury Secretary Scott Bessent expressed frustration over young people playing the lottery, strongly advising them to invest their money instead to foster long-term growth.
Senator Elizabeth Warren and other Democratic lawmakers are pressing the Treasury Secretary to conduct a foreign ownership review of the proposed merger between Paramount and Warner Bros. Discovery.
Treasury Secretary Scott Bessent challenged Senator Ron Wyden during a budget hearing, bringing up his son's past email communications with Jeffrey Epstein.
The US Treasury Secretary announced plans to shut down Iranian airlines' access to landing spots and ticket sales, asserting that the Iranian economy is in 'free fall' due to ongoing blockades.
US Treasury Secretary Scott Bessent confirmed the extension of the sanctions exemption for Russian oil for an additional month. This decision has drawn comments from EU officials, suggesting a lack of complete agreement within the G7 on Russian sanctions policy.
The US Treasury Secretary reported that oil loading at Iran's Kharg Island has ceased for three days, indicating a significant disruption to the country's oil production and exports.
片山財務大臣は、日本を訪れているアメリカのベッセント財務長官と会談しました。外国為替市場で日本が先月、市場介入を実施する中、最近の為替の動向などについて意見を交わし、片山大臣は日米間の連携についてアメリカ側から全面的に理解を得たと明らかにしました。
U.S. Treasury Secretary Scott Bessent is scheduled to meet with Japanese Prime Minister Sanae Takaichi, Finance Minister Satsuki Katayama, and BOJ Governor Kazuo Ueda during a three-day visit next week.
The US Treasury Secretary connected the freedom of navigation in the Strait of Hormuz to India's LPG requirements and accused China of financially supporting Iran, labeling Iran as the largest state sponsor of terrorism.
Treasury Secretary Bessent has issued a warning to Americans about the increasing threat of AI-driven bank account hacks, as new AI models expose vulnerabilities in financial systems.
Treasury Secretary Scott Bessent concluded Financial Literacy Month by hosting a fair for over 50 D.C. students, featuring games, booths, and vault tours to promote financial education.
Sri Lanka's Treasury Secretary has informed authorities that he will not appear before the Committee on Public Finance (CoPF) as scheduled for tomorrow.
A political dispute has erupted between US Treasury Secretary Scott Bessent and Senator Bernie Sanders concerning the invitation of Chinese scientists to a critical AI safety forum, with Bessent advocating against inviting foreign nationals while Sanders supports international cooperation.
EU Trade Commissioner Maroš Šefčovič stated his clear conviction that there will be no additional suspension of sanctions on Russian oil, following discussions with US Treasury Secretary Scott Bessent.
John Phelan, the US Navy Secretary, has been ousted from his position, with reports citing a clash with Pentagon leadership and the ongoing naval blockade of Iran as contributing factors. Hung Cao has been named as the interim US Navy Secretary following Phelan's departure.
A former U.S. Treasury Secretary has issued a stark warning about a potential 'Treasury Market Shock,' indicating a major crisis could be developing in the nation's government debt.
A former U.S. Treasury secretary has cautioned that the nation's $39 trillion national debt poses a risk to the U.S. bond market, potentially triggering a severe financial emergency.
Former Treasury Secretary Henry Paulson has suggested that the U.S. develop a 'break-glass' plan for Treasuries, indicating a need for contingency measures in financial markets.
China's economy grew by 5% in the first quarter, surpassing forecasts despite regional conflicts. This strong performance indicates a robust start to the year for the nation's economy.
Multiple supertankers reportedly entered the Persian Gulf, challenging US sanctions and claims of a blockade on Iranian ports. This development comes as an advisor to Iran's Supreme Leader threatened to sink US naval vessels in the region.
The Treasury Secretary has confirmed that an executive order mandating banks to require proof of citizenship is currently in process.
US Treasury Secretary Scott Bessent provided an update on "Trump accounts," stating that over 5 million individuals signed up via Form 4547 by the April 15 tax deadline, with a $1,000 child benefit as an initial offering.
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
The US Treasury Secretary stated that a 'small bit of economic pain' is a worthwhile cost to ensure long-term security and eliminate the threat of Iranian strikes on Western capitals.
US Treasury Secretary Scott Besed stated that China has been an unreliable global partner during the Middle East war, accusing it of hoarding oil and restricting supplies. This comes amid ongoing geopolitical tensions.
The U.S. Treasury Secretary's remarks have reportedly fueled a massive $1.5 quadrillion crypto prediction, coinciding with a sudden surge in Bitcoin's price. This highlights the influence of official statements on the volatile cryptocurrency market.
Anthropic's latest AI model is reportedly so powerful that the company is hesitant to release it, prompting urgent meetings among US financial leaders, including the Treasury Secretary and Federal Reserve Chair, to address potential cyber risks.
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
The National Savings Bank (NSB) of Sri Lanka has handed over its Annual Report for 2025 to the Treasury Secretary.
The US president has extended a deadline for Iran to open the Strait of Hormuz and paused energy strikes for 10 days, with Trump stating talks are 'going very well' as US Vice President J.D. Vance takes a forefront role in US efforts to broker Iran peace; analysis suggests Trump's 'mysterious peace negotiations' do not promise a quick end to the war, and experts explain his strategy of playing for time with new ultimatums and troop deployments.
US Treasury Secretary Scott Bessent has defended the strategy of 'escalating to de-escalate' against Iran, stating that obliterating its power plants is the 'only language' the regime understands. Senator Ted Cruz reportedly urged Donald Trump to launch an Iran strike the day before the war.
Donald Trump controversially stated he was glad about the death of former FBI chief Robert Mueller, a remark notably omitted from Fox News's coverage. Treasury Secretary Scott Bessent has since responded to Trump's post regarding Mueller's death.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
US Treasury Secretary Scott Bessent stated that the US has "plenty" of funds for the Iran war but is seeking more from Congress, while dismissing questions about possible tax increases.
Chinese FM responds US Treasury Secretary Bessent’s claims that US may lift sanctions on Iranian oil already at sea Global Times
Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.
Treasury Secretary Bessant has publicly denied any government intervention in the market, responding to speculation amidst a recent surge in oil prices.
Treasury secretary Scott Bessent says White House is prepared to tolerate the trade to avoid supply shortages
US Treasury Secretary Scott Bessent left a live Sky News interview after being urgently summoned to meet US President Donald Trump at the White House.
Things are getting so tense in the U.S.-Iran conflict, even Treasury Secretary Scott Bessent got yanked mid-interview to speak to President Trump!
US Treasury Secretary Scott Bessent firmly rejected the notion that a war with Iran could become economically unfeasible for the United States, stating "absolutely not" when asked about potential financial limits.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes Middle East crisis – live updates Israel and the US have bombarded Iran and…
The United States has temporarily allowed India to purchase Russian oil already stranded at sea to ease short‑term global supply pressures amid the ongoing West Asia conflict. U.S.
Kremlin spokesman Dmitry Peskov's comments came hours after U.S. Treasury Secretary Scott Bessent said that Washington has issued a temporary 30-day waiver to allow Indian refiners to purchase Russian oil
Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipments The US treasury issued a 30-day waiver on Thursday allowing India to buy Russian oil currently stuck at sea. “To enable oil to keep flowing into the global market, the treasury department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” treasury secretary Scott Bessent said in a statement posted to social media. Continue reading...
US Treasury Secretary Bessent indicated on the 4th that the 10% tariff measure currently applied to a wide range of countries, including Japan, could be raised to 15% as early as this week.
US Treasury Secretary Scott Bessent announced that President Donald Trump's recently proposed global 15% tariff will be implemented this week, also predicting an increase in US customs revenue.
The US Treasury Secretary anticipates that American tariffs will return to levels seen before a recent Supreme Court ruling, with changes expected to take effect this week.
Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation, “Using your executive auth...
Former Treasury Secretary Lawrence Summers steps down as a professor over his relationship with Jeffrey Epstein
Former Treasury Secretary Larry Summers has left Harvard after being cited in Epstein files, while Microsoft founder Bill Gates confirmed relationships with two Russian women.
Former US Treasury Secretary Larry Summers plans to resign from his professorship at Harvard University at the end of the academic year, following his involvement in the Jeffrey Epstein case.
Sources indicate that the US Treasury Secretary initiated a yen-dollar rate check in January, signaling attention to currency movements.
Jamieson Greer also said US won’t pull out of deals with UK, EU and others after court declared Trump tariffs illegal Top US trade negotiator Jamieson Greer insisted on Sunday that US policy on tariffs “hasn’t changed”, two days after the supreme court declared many of Donald Trump’s tariffs illegal. The ruling issued on Friday by the highest US court was a sharp rebuke to the Republican president that toppled a key pillar of his aggressive economic agenda – even as it prompted Trump to annou...
Treasury Secretary Scott Bessent announced that approximately 3 million children have signed up for Trump accounts in an early push.