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The Latest Breaking News from Scott Bessent

Featuring Trump on US coins and bills would put America in rare company

A slang term for cash money is “dead presidents.” But now the very much alive President Donald Trump could appear on U.S. coins and banknotes, too.

The Conversation

Bernie Sanders Explodes at Scott Bessent Over $700 Billion Medicaid Cuts During Explosive Senate Clash

Bernie Sanders confronts Scott Bessent over proposed Medicaid cuts and estate tax breaks, questioning the fairness of prioritising tax relief for the wealthy over healthcare funding.

International Business Times UK

‘Enemies of civilization’: top Trump officials launch sweeping attack on left

Marco Rubio and Stephen Miller took aim at only leftwing activism at meeting of 66 nations against political violence

The Guardian - US

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Trump Is Reportedly Disrespecting The White House With Bad Habit, And It’s Even Affecting Melania

“If I see anything that I like, I’m allowed to take it,” Donald Trump previously said.

Bored Panda

Peter Schiff Says Scott Bessent Is 'Misinformed' on Gold Certificate Redemption Claim: 'Why Should We Trust' Fort Knox?

Renowned economist Peter Schiff on Wednesday called Treasury Secretary Scott Bessent‘s remarks during an interview about old gold and silver certificates “misinformed,” questioning the secretary’s understanding of U.S. currency history.

Benzinga

Ted Lieu Slams Scott Bessent Over Trump $1 Coin Push, Says 'Can You Please Focus on the Economy?'

Rep. Ted Lieu (D-Calif.) criticized Treasury Secretary Scott Bessent after he promoted a new Trump-themed $1 gold coin, arguing the administration should focus more on economic challenges facing Americans.

Benzinga

US Mint produces a $1 coin bearing Trump's face to help celebrate America's 250th birthday

The U.S. Mint is producing a new $1 coin featuring Donald Trump's likeness. This commemorative coin will be released in the fall to mark America's 250th birthday. The coin's design includes Trump's image and patriotic inscriptions. Treasury Secretary Scott Bessent stated the coin honors liberty and patriotism. This move follows…

The Economic Times

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Scott Bessent says $1 coin with Trump's face on it will 'honor the enduring legacy of liberty' with a 'lasting symbol of patriotism'

Federal law bars a living person's portrait from appearing on U.S. currency. Treasury cites the Circulating Collectible Coin Redesign Act of 2020.

Fortune

New $1 coin featuring Trump in production at US Mint, treasury says

Coin commemorating 250th anniversary will be released this fall

The Guardian - US

Donald Trump's One Dollar: The Little‑Known 250th‑Anniversary Law That Lets His Face Stay On Coin

Donald Trump's face is set to appear on a new $1 gold coin thanks to a little‑known 250th‑anniversary law, raising fresh questions over historic rules that keep living presidents off US currency.

International Business Times UK

Is Trump's Face on $1 Gold Coin Legal? Production Moves Ahead Despite Strict US Code Warning

The US Treasury's new $1 coin featuring Donald Trump has sparked legal and political controversy, with debates over its legality and historical precedents for living figures on currency.

International Business Times UK

Trump’s portrait on new $1 coin raises questions over federal law

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The Independent UK

Trump’s face appears on $1 coin and his signature on the $100 bill as his team challenges the law

Treasury Secretary Scott Bessent said the $1 coins featuring Trump’s face were allowed under legislation to mark America’s 250th anniversary

The Independent UK

Who could replace Lindsey Graham? South Carolina's next steps after Senator's death

South Carolina's political landscape faces upheaval after Senator Lindsey Graham's sudden passing. Governor Henry McMaster must appoint a temporary replacement for the vacant Senate seat. A special primary election will soon select a new Republican nominee for voters. Ambitious conservatives are now vying for the open Senate position. This situation…

The Economic Times

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The Economic Times

Trump orders US flags at half-mast to honor Senator Lindsey Graham

American flags will fly at half-mast until Saturday evening. This honors Senator Lindsey Graham, who passed away on July 11. President Donald Trump described Graham as a dear friend and patriot. Graham's office confirmed his death after a brief, sudden illness. Tributes poured in from leaders worldwide for his dedication.

The Independent UK

South Florida's Palm Beach airport renamed President Donald J. Trump International

A South Florida airport has officially changed its name to the President Donald J

The Economic Times

Sam Altman says OpenAI made ‘many changes’ during talks with US

In an interview with CNBC on Thursday, Altman said the ChatGPT maker had a “collaborative back and forth” with top US officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, in the weeks leading up to the wide release of GPT-5.6.

Ballotpedia

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

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The Economic Times

Can US President Trump 'cut off all trade' with Spain?

President Trump has ordered a trade embargo against Spain, which includes cutting off all trade. This action stems from ongoing tensions regarding Spain's defense spending contributions to NATO. The U.S. president possesses broad powers under the International Emergency Economic Powers Act for such measures. However, legal experts question if defense…

The Times of India

Iran deal over, trade cut with Spain, Greenland row back: Trump sets tense tone at Nato summit

The Nato summit was already shaping up to be less about military strategy than managing one man. According to reports, European allies arrived in Ankara determined to avoid a spat with US President Donald Trump, with European leaders focusing on demonstrating higher defence spending and stronger military commitments rather than…

The Times of India

'Wasted cause': Why Trump wants to cut off trade with Spain

US President Donald Trump ordered his Treasury Secretary to cut off all trade with Spain on Wednesday, calling the NATO ally "a wasted cause", "a terrible partner," "hopeless," and "bad people" at a press conference alongside NATO Secretary General Mark Rutte in Ankara.

The Economic Times

Trump cuts off US' trade ties with a key NATO partner

US President Trump announced a halt to all trade with Spain. He cited Spain as a poor partner within the NATO alliance. The U.S. leader expressed frustration with Spain's defense spending and base access. Treasury Secretary Scott Bessent received immediate orders to enact the trade restrictions. This action follows past…

The Economic Times

India renews contract with lobbying firm of Trump's close aide

India has extended its lobbying contract with Jason Miller's firm. The agreement runs through April 2027 with a significant monthly fee. Miller's company provides strategic counsel and government relations assistance. Filings show Miller contacted Trump administration officials regarding trade matters. These outreach activities occurred during ongoing bilateral trade negotiations.

International Business Times UK

Trump Accounts Open With $1,000 Free Cash for Every Eligible Baby as Dow Storms Past 53,000 for First Time Ever

President Trump launched a savings scheme for American newborns, offering £749 ($1,000) in seed money, as the Dow Jones closed above 53,000 for the first time. Critics question its benefits.

Benzinga

Trump Says First 500,000 'Trump Accounts' Are Funded as Economist Warns There Is 'Nothing to Celebrate' as Kids Will Also Inherit the Debt

On Monday, President Donald Trump said the federal government has deposited the first $1,000 into more than 500,000 newly created “Trump Accounts,” launching a program aimed at giving eligible American newborns an early start in investing.

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