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The Latest Breaking News from Scott Bessent

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 Economic Times

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.

The Times of India

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.

Reason

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‘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.

We Got This Covered

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.

Barchart

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 National (Scotland)

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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 Independent UK

'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.

The Economic Times

US Treasury prepares mock-up of $250 note with Trump portrait

US Treasury Secretary Scott Bessent revealed mock-ups for a proposed $250 note featuring President Donald Trump, pending Congressional approval. Current law prohibits living individuals on currency, but proposed legislation aims to amend this. This initiative has reportedly caused internal controversy and led to the reassignment of the Bureau of Engraving…

The Economic Times

US-Iran truce deal awaits Trump as strikes test ceasefire

US and Iranian negotiators edged toward a deal to extend their fragile ceasefire for 60 days, but the potential breakthrough was still hanging on President Donald Trump'on Thursday. Late on Thursday, US Vice President JD Vance told reporters that Trump was not yet ready to approve it, even though negotiations…

The Economic Times

Trump news at a glance: president really wants his face on US money before he’s dead

Trump’s latest vanity project would require changing law that prohibits any living person from appearing on US currency – key US politics stories from Thursday 28 May

The Guardian - US

White House pushes Congress to approve $250 bill with Trump’s image

Treasury secretary says banknote would celebrate US’s 250th anniversary but Democrats vow to block move in Congress

The Guardian - US

Trump Accounts app for kids goes live: Who qualifies for $1,000 government deposit, how parents can apply, launch date, app features, contributions and withdrawal rules explained

Trump Accounts for kids app explained: Parents can now access the Trump Accounts mobile app, a new government savings program for children. Launched May 28, the app offers financial literacy tools ahead of the official account debut on July 4, 2026. Eligible children born between 2025-2028 will receive a $1,000…

The Economic Times

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Bangkok Post

US, Iran agree deal but need Trump approval: sources

WASHINGTON (UNITED STATES) - US and Iranian negotiators have agreed on a framework for a 60-day ceasefire extension deal but it still needs President Donald Trump's approval, US sources told AFP on Thursday.

The Independent UK

Hillary Clinton mocks proposed Trump $250 bill and ties it to affordability

Trump officials have requested designs for the bill, potentially paving the way for a living person to appear on US currency for the first time in over 150 years

Evening Standard

Any deal with Iran is ‘going to be president’s decision’ – Scott Bessent

The sign of progress came as the fragile truce in the three-month conflict was shaken after the US and Iran traded fresh strikes

The Economic Times

Trump's face could appear on US $250 bill

A proposal to feature Donald Trump on a new $250 bill for America’s 250th anniversary is under discussion, raising legal and political concerns. The move would break a long-standing ban on depicting living individuals on US currency, with critics calling it controversial and supporters framing it as symbolic recognition.

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The Independent UK

US issues new warning to Oman after Trump threatened to ‘blow up’ ally

IN FULL

The Economic Times

US Treasury rolls out Trump Accounts app nationwide

The U.S. Treasury has launched the Trump Accounts app nationwide. This initiative aims to create millions of investment accounts for children. The government will deposit $1,000 in starter funds for eligible children. Major companies have pledged contributions for their employees' children. This program encourages early long-term investing to build wealth…

The Economic Times

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Times of India

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

AAP

US Treasury rout tests tolerance for higher loan costs

There is anxiety over petrol prices as well as where the bond market is headed, as the US economy is jolted by the impact of conflict with Iran.

Fortune

U.S. debt is the 'elephant in the room' amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn

"In our view, unsustainable fiscal dynamics are compounding with a reflation story, turning a short-term problem into a long-end selloff."

The Economic Times

US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz

US Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specifically targets the Persian Gulf Strait Authority, which he says is illegally regulating passage and collecting fees. Cotton emphasizes that any entity facilitating these tolls finances a designated…

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