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The Latest Breaking News from Scott Bessent

The week that changed AI: Inside Trump's Anthropic crackdown, and how a phone call from Amazon CEO Andy Jassy triggered the chaos

The fight over Anthropic’s Mythos model is rewriting the rules of AI regulation, with consequences for the trillion dollar startup, the AI industry, and global security.

Fortune

Iran-US war latest: Supreme Leader says Trump made a deal out of ‘desperation’ after US lifts naval blockade

US vice president JD Vance said more than 12 million barrels of oil passed through the Strait of Hormuz last night

The Independent UK

Trump knows his deal with Iran is bad. His closing G7 speech made that very clear

ANALYSIS: The president tried to take a victory lap as he wrapped up the summit. Instead, he made his own insecurities — and his own confusion — very obvious, writes Holly Baxter

The Independent UK

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‘Social Security is on a collision course toward insolvency,’ watchdog says. It hasn’t been this bad since 1983

The 2026 Social Security Trustees’ Report finds the worst financial outlook in nearly half a century—and a new law signed this year made things worse.

Fortune

Dollar swaps were once emergency lifelines for foreign powers. Trump could leverage them for political favors

The administration is turning emergency dollar lifelines into geopolitical favors. Economists say that bargain could come at a steep cost.

Fortune

Trump's unusual stock frenzy: Portfolio shows 3,600 trades in 90 days

Trump's investment accounts saw thousands of trades totaling hundreds of millions of dollars between January and March. This feverish activity, dominated by tech stocks, has drawn scrutiny from lawmakers and ethics experts over potential conflicts of interest, though the Trump Organization denies the president's direct involvement.

The Economic Times

After 24 hours of tense calls, Trump administration places sweeping export controls on AI company over national security fears: ‘Our hands were tied’

"No testers have yet been able to find a universal jailbreak.”

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Donald Trump Heartbreak: Melania Allegedly Ignores POTUS' 80th Birthday After Praising Scott Bessent Online

As Donald Trump turned 80 at the White House, his children flooded social media with tributes while Melania Trump stayed conspicuously silent online, despite attending his UFC‑themed birthday bash in person.

International Business Times UK

Anthropic block marks US reversal, warning to Silicon Valley

America has taken a significant step by blocking foreign access to Anthropic's top AI models. This move follows concerns about bypassing security features in their latest AI. Officials are now discussing these security issues with Anthropic. This action highlights the US government's increasing focus on controlling advanced AI technology for…

The Economic Times

US Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department is guiding banks to share information on suspected undocumented customers, framing it as a crackdown on fraud and crime. New guidance allows banks to rapidly share data and flag customers potentially lacking legal immigration status, expanding existing anti-money laundering systems. This move aims to push undocumented workers…

The Economic Times

Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department has moved to involve banks more deeply in President Donald Trump's immigration crackdown

AAP

It's time to cancel the WH reality show

With Karoline Leavitt on leave, Trump-era briefings have gone from godawful to completely dysfunctional

Salon

Melania Trump unveils a spinoff of Trump Accounts for children in foster care

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts, designed to help foster children

AAP

Melania Trump unveils a spinoff of Trump Accounts for foster kids

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts

AAP

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The Independent UK

Melania Trump announces spinoff of Trump accounts for kids in foster care

The accounts are set to open for contributions on July 4

The Economic Times

US Treasury chief Bessent vows to tap Iran funds for its damage on Gulf allies

Minority shareholders of Jindal Poly Films Limited face a setback. Their class action remedy was reportedly moved to private arbitration without their consultation. This action may have extinguished their rights. Concerns are raised about due process and representation for approximately 40,000 public shareholders. The situation demands immediate protection for these…

The Independent UK

Iran-US war latest: Trump calls off strikes as ‘final points’ of peace deal agreed – but Tehran says otherwise

A formal announcement will be unveiled ‘shortly,’ the Republican president said

International Business Times UK

'Dwarfish Thief!' Iran Mocks America With Shakespeare Quote After Billion-Dollar Crypto Seizure

Iran counters US claims of seizing £740 million in crypto assets with a Shakespearean quote, highlighting ongoing tensions over sanctions and frozen assets amid indirect negotiations.

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The Independent UK

Trump weighs buying another territory after Greenland fiasco: report

Treasury Secretary Scott Bessent reportedly presented Trump with option to buy islands housing Diego Garcia base

Axios

MAGA isn't sold on Trump's face on the $250 bill

Less than half of MAGA supports putting Trump's portrait on a $250 bill.

Axios

Why $250 bills bearing Trump's face are a tough legal sell

We're likely a long way away from Americans carrying Trump dollars in their wallets.

Axios

Pulte pick sparks a Senate GOP rebellion

The choice for DNI is jeopardizing an extension of the government's surveillance authorities.

Euronews

Washington could tap into Iran's frozen billions to pay for Gulf attack damage

The Iranian assets Washington is considering reallocating could include frozen funds, along with ships previously seized by the United States.

The Economic Times

US weighs seizing Iranian assets to rebuild Gulf states hit by Tehran's attacks

The U.S. plans to redirect Iranian assets to Gulf states for rebuilding and repairs following recent Iranian attacks. Treasury Secretary Scott Bessent is assessing damage costs, with frozen assets potentially used for compensation. This comes amid stalled peace negotiations and renewed skirmishes between the U.S. and Iran.

Latin Times

Treasury Secretary Refuses To Answer Questions About Trump's Proposed IRS Audit Immunity

Speaking to reporters in the Oval Office on June 3, Trump also declined to clarify whether the compensation fund had been permanently scrapped or merely put on hold.

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