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The Latest Breaking News from Scott Bessent

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.

Fortune

Treasury Secretary Sidesteps Questions on Trump IRS Audit Deal After DOJ Signals Protections Still Stand

The Acting AG said on Wednesday that the administration was abandoning plans for a $1.8 billion "Anti-Weaponization Fund" but suggest IRS audit protections for Trump remained intact

Latin Times

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a…

The Independent UK

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10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

Fortune

Scott Bessent says America's in a 'manufacturing renaissance' and Wall Street largely agrees. So where are the jobs?

He's not alone. Apollo Global Management Chief Economist Torsten Slok thinks we're living through an "industrial renaissance."

Fortune

Bessent says he told Pulte ‘I’m going to kick your a**’ in infamous blow-up

Scott Bessent said that he told Bille Pulte that “I’m going to kick you a**” during a heated argument last year.

The Independent UK

Graham Platner says allegations of physical abuse of former partner ‘are simply not true’ – as it happened

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The Guardian - US

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Frasier Star Kelsey Grammer Claims He Knows Exactly What the Other Candidates Will Do in a Shocking Endorsement for LA Mayor

Grammer has often criticized California’s political leadership, especially Democratic policies.

The Mary Sue

Trump’s IRS deal to avoid tax investigations could be in big trouble

ANALYSIS: A federal judge could sanction everyone involved over allegations of ‘serious misconduct’ in the president’s lawsuit against himself, Alex Woodward writes

The Independent UK

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

Treasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund

AAP

Trump’s intelligence chief pick puts surveillance program renewal in doubt

Democrats say appointment of Bill Pulte could doom bipartisan agreement to renew section 702 of Fisa

The Guardian - US

Changing the Law for Trump: Congress Moves to Overturn Century-Old Ban on Putting Living People on US Cash

Congress is considering whether to overturn a 19th‑century ban on living people appearing on US banknotes so that a new $250 bill can carry Donald Trump's portrait.

International Business Times UK

Higher borrowing costs raise economic and political stakes for Trump

US President Donald Trump faces renewed pressure from rising US borrowing costs as investors price in inflation risks linked to the Iran conflict, tariffs and concerns over long-term government debt.

Euronews

Trump is facing a new inflation warning from the bond market, adding to his midterm challenges

The world is getting more uptight about lending money to President Donald Trump's government

AAP

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International Business Times UK

Trump Claims Average Americans Don't Know 'Dumb' Ends With a 'B' in Wild, Viral Rant

Donald Trump has been mocked online after telling Lara Trump that 'most people' do not know the word 'dumb' ends with a 'b,' while defending his new 'Dumocrats' insult.

The Independent UK

Iran-US war latest: US forces fire at ship running Hormuz blockade while Israel intensifies war in Lebanon

Senior Iranian official accuses Donald Trump of 'betraying diplomacy for the third time'

The Economic Times

US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis

US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial…

The Times of India

A Note of Discord: US divided on proposed Donald Trump $250 bill

America is considering a $250 bill featuring Donald Trump's face for its 250th birthday, a move that bypasses a law against living presidents on currency. Designs are prepared, sparking debate and satire. This proposal, alongside a UFC event on Trump's birthday, highlights the nation's deep divisions as its semiquincentennial approaches.

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Reason

Iran Is Turning America's Sanctions Playbook Against It

The U.S. Treasury is trying to fight the kind of trade embargo that it usually imposes on other countries.

We Got This Covered

‘The buck stopped here’: Donald Trump appointees adamant on making Trump $250 banknote happen, even if it means reassigning key staff

Even at the cost of breaking a 150 year old tradition.

We Got This Covered

Donald Trump warns Oman has to ‘behave’ – or else, America will ‘have to blow ’em up’

Iran quickly stepped up to support its neighbour.

Barchart

S&P Futures Gain on Hopes for U.S.-Iran Deal; Dell Pops on Blowout Earnings

June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal.

The National (Scotland)

US seeks change in law to get Donald Trump's face on $250 banknote

THE US government is attempting to overturn a 160-year old law to print a $250 banknote featuring Donald Trump's face.

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Economic Times

'Very close': JD Vance says US nears agreement on Strait of Hormuz, Iran nuclear setback

US Vice President JD Vance said Washington is "very close" to achieving a broader strategic agreement in West Asia, asserting that recent US actions will reopen the Strait of Hormuz, weaken Iran's conventional military capabilities, and position the United States to significantly delay Tehran's nuclear programme.

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