US and China Agree on Plan to Reduce Trade Deficit, According to US Treasury Secretary Scott Bessent
Geneva Talks Yield Progress in US-China Trade Relations US Treasury Secretary Scott Bescent reported notable advancements in discussions with US economic officials on Sunday. Bescent informed the press that more specifics will be shared on Monday, emphasizing that President Donald Trump is fully briefed on the positive outcomes of these “productive consultations.” US Trade Representative […]
Senate closely votes down cryptocurrency bill supported by Treasury Secretary Bessent
A cryptocurrency bill backed by the Treasury, known as the Genius Bill, faced a close defeat in the Senate during a procedural vote on Thursday. This legislation aimed to establish a new regulatory structure for digital currencies but stumbled due to a last-minute shift among Democratic senators. The bill required 60 votes to proceed, but […]
Scott Bessent denies Maxine Waters’ assertion that he permitted ‘strangers’ to view Treasury information.
Treasury Secretary Challenges Rep. Waters Over Data Access On Wednesday, Treasury Secretary Scott Bescent confronted Rep. Maxine Waters, a Democrat from California, regarding claims that “strangers” could access sensitive information within his department. Waters pointed out concerns about the Government Efficiency Office (DOGE) staff having access to Treasury data during a House Financial Services Committee […]
Watch live as Bessent speaks on Treasury supervision amid growing economic challenges
Treasury Secretary Scott Bessent is set to appear before the House Appropriations Committee Tuesday morning. Recently, President Trump has shifted his perspective on the economy, suggesting that Americans might need to limit purchases and possibly pay more amidst an uncertain economic landscape. When questioned about a potential recession earlier this month, he remarked, “anything could […]
Treasury warns Defra of a £4bn charge if Thames Water is nationalised.
Officials in Whitehall have found themselves at odds over what’s next for Thames Water, especially after the Treasury instructed the Environment Department to cover the financial burden of a potential temporary nationalization worth billions. This situation is particularly pressing for the UK’s largest water company, which almost ran out of funds just days ago. Thames […]
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 […]