The Latest Breaking News from Scott Bessent

US officials pressed China on rare earths, farm goods commitments, Bessent says

US officials urged China to honor commitments on rare earths and agricultural products. These discussions occurred before a potential meeting between President Trump and President Xi. China's recent trade restrictions were viewed as problematic by the United States. Both sides agreed to use consultation channels to strengthen economic ties. This…

The Economic Times · Jul 31

US issues sanctions on support networks for Iran's Mahan Air; India-based sales agent included

The United States sanctioned six entities and individuals for supporting Mahan Air. These companies acted as general sales agents for the Iranian airline. Mahan Air allegedly aided Iran's Islamic Revolutionary Guard Corps. One sanctioned entity is India-based Skiez Travels and Logistics Private Limited. The Treasury Department aims to cut off…

The Economic Times · Jul 31

Scott Bessent Hits Iran-Backed Maritime Network With Sanctions, Says US Won’t Let Tehran 'Hold Global Commerce Hostage'

The Treasury Department announced sanctions against two Iran-linked companies accused of supporting an Islamic Revolutionary Guard Corps-backed maritime scheme, with Treasury Secretary Scott Bessent warning that Tehran is exploiting global shipping networks to generate revenue.

Benzinga · Jul 30

Treasury Department Has a Troubling Update for Every American Taxpayer

The Treasury Department has a problem that reaches far beyond Washington, D.C., and it does not arrive with a dramatic new tax form. The federal government now spends an enormous amount of money simply paying interest on money it already borrowed, and that bill keeps getting harder to ignore.

The Free Financial Advisor · Jul 24

Top US tech players back open-weights AI, Nvidia founder Jensen Huang shares letter in debut X post

Leading American technology firms have jointly endorsed open-weight artificial intelligence models. They believe this approach is crucial for maintaining United States leadership in AI development. Open models allow broader access, fostering innovation and economic participation across various sectors. Concerns about intellectual property theft are acknowledged and require targeted legal solutions.…

The Economic Times · Jul 24

U.S., Mexico Announce Largest-Ever Financial Crackdown on Jalisco Cartel, Sanctioning 55 People and Businesses

Treasury Secretary Scott Bessent said sanctions are intended to deny CJNG "the resources it uses to traffic fentanyl, terrorize communities, and threaten American lives"

Latin Times · Jul 24

The Trump Coin Case Ends, but Legal Questions Remain

As the coin moves closer to production and distribution, it will be up to the American people to decide whether the controversial coin is deemed a success.

Reason · Jul 23

Nvidia's CEO Is Telling America To Stop Fearing AI And Not Focus On Hypothetical Scenarios

Nvidia CEO Jensen Huang is urging Washington not to let fears about artificial intelligence dictate public policy, dismissing concerns that the technology will eliminate large numbers of jobs or pose an existential threat to humanity.

International Business Times · Jul 23

Trump scoffs at ‘affordability’ as he touts economic policies at Georgia rally

President visits swing state to promote ‘Trump accounts’ and says high prices lingering from Joe Biden’s presidency

The Guardian - US · Jul 22

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

The Treasury Secretary says he hasn’t been to Fort Knox, but said all $600 billion in gold there is “present and accounted for.”

Fortune · Jul 22