Treasury announces sanctions against major Mexican cartel network: ‘Their days were numbered’
Ministry of Finance announcement Sanctions against three Mexican citizens and two Mexico-based entities on Thursday revolve around its relationship with the criminal cartel network. Sanctions are being imposed in response to fentanyl trafficking and fuel theft in connection with Cartel de Jalisco Nueva Generasion, according to the press release. The CJNG network generates hundreds of […]
Trump’s Treasury Department Targets Mexican Cartels Trafficking Fentanyl, Stolen Fuel
The US Treasury has announced financial sanctions on three Mexican citizens and two Mexico-based Mexican-based entities. Sanctions are coordinated through the department's Office of Foreign Assets Control (OFAC), in collaboration with multiple federal law enforcement agencies. The intent is to disrupt the CJNG cartel's ability to continue to benefit from fentanyl trafficking and massive fuel […]
Treasury Secretary Bessent says ‘it’s up to China’ to de-escalate trade war
The Treasury Department on Monday indicated that elimination of the trade war over President Trump’s strict tariff rates must come from China. “They sell five times more than we sell to them, so I believe it is up to China to deescalate. Investors and businesses want to quickly lower the strict 145% tax on Chinese […]
US Treasury, other fed agencies drop LinkedIn over DEI policies
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Treasury Secretary Scott Bessent blasts the IMF’s woke ‘mission creep’
Treasury Secretary Scott Bescent tore the International Monetary Fund on Wednesday. Speaking at the International Financial Institute in Washington, DC, Bessent denounced the IMF for “mission of mission creep” and argued that “dedicates disproportionate time and resources to tackle climate change, gender and social issues.” “Focusing on these areas is to congested work on important […]
Trump Treasury Sanctions Iranian Petroleum Magnate
Treasury Secretary Scott Bescent announced Tuesday that the department approved Sei Asadora Emmayome and his corporate network, saying he and his network tried to avoid American sanctions. “Emamjomeh and his network have tried to export thousands of shipments of LPG from the US – avoiding US sanctions and generating revenue for Iran.” I said in […]
Trump Treasury secretary says China tariff stand-off not sustainable: report
Treasury Secretary Scott Bescent said Tuesday that he believes the Trump administration’s ongoing tariff war will escalate quickly as the ongoing rift is not sustainable. Bescent, 62, spoke at JPMorgan’s closed investors summit in Washington. Bloomberg reportedcites several people who attended the event. The reported comments resulted in a temporary surge on Wall Street, with […]
Why Trump’s Treasury sec would have zero interest in using ‘forever bonds’ to refinance the nation’s staggering debt
Among the crazy things being discussed on the edge of the Trump economic team these days is the issue of “eternal bonds” to refinance the country’s incredible debt, and the Post has learned to do so as part of current trade negotiations. I have been asserted by people close to Treasury Secretary Scott Bescent, Trump’s […]
Summers: 'Any self-respecting Treasury secretary would resign' over Trump Harvard IRS directive
Former Treasury Secretary Larry Summers said Thursday that Treasury Secretary Scott Bescent should resign before complying with President Trump’s Internal Revenue Service (IRS) instructions to revoke Harvard’s tax-free status. In the thread Social Platform xSummers warned of the broader impact of using the IRS to target political enemies. “The self-esteemed Treasury Secretary will rather step […]
Treasury Department Sanctions Mexican Cartel for Fentanyl, Human Trafficking
Treasury Secretary Scott Bescent announced Tuesday that the Trump administration has imposed sanctions on four individuals linked to fentanyl and Mexican cartel La Nueva Familia Michoacana (LNFM), which is linked to human trafficking. “Today’s actions underscore our commitment to strengthening pressure on violent drug cartels like LNFM. LNFM continues to transport deadly fentanyl and other […]