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The Latest Breaking News from Scott Bessent

Trump Bank Citizenship Plan Could Hit 21.3 Million Americans Lacking Proof Papers and More than 69 Million Women

The Trump administration's proposed banking order is beginning to look less like a narrow immigration measure and more like a sweeping paperwork test for millions of Americans, especially women whose legal names no longer match the names on their birth certificates.

Latin Times

‘In their heart of hearts, they feel good’: Scott Bessent dismisses your misery, explains you’re actually really happy, you just don’t know it

Feeling unhappy? Good news, you're not!

We Got This Covered

Ukraine-Russia war latest: Ukrainian police chief resigns after officers ‘disgracefully’ flee Kyiv shooting

Eight people, including a 12-year-old child, remain hospitalised in Kyiv after shooting that killed six

The Independent UK

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Billionaire Trump hasn’t heard of a ‘corner store’ and laments poorer people ‘don’t think in terms of deductions’ at tax event

The president shared a variety of bizarre economic views and admitted he makes financial markets nervous during an event in Las Vegas to promote his tax agenda

The Independent UK

Karoline Leavitt Claimed Gas Prices Are Down Under Trump While Americans Are Paying Nearly a Dollar More at the Pump

Karoline Leavitt's claim of falling gas prices is contradicted by AAA data showing a rise since Operation Epic Fury began, as Treasury Secretary Bessent defends the administration.

International Business Times UK

Orbán's defeat and US shift raise hopes to unblock EU sanctions on Russia

After Viktor Orbán's defeat at the polls and Washington's decision to phase out waivers for Russian oil, hopes are rising in Brussels that a package of sanctions against Moscow will finally be unlocked.

Euronews

Before posting Jesus meme, Trump consulted his ‘agent of chaos’: report

Bill Pulte, director of the Federal Housing Finance Agency, allegedly influenced the president’s decision to post the AI image, not the first time the offical has been accusing of stoking controversy

The Independent UK

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Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

International Business Times UK

Rachel Reeves slashes bills for thousands of businesses as Iran war sparks rising costs

Rachel Reeves has recently stepped up criticism of US-Israeli military action in Iran

The Independent UK

Chancellor cuts bills for thousands more firms as she continues Washington talks

Rachel Reeves has stepped up criticism of US-Israeli military action in Iran.

Evening Standard

White House denies US sought truce extension, says new talks may happen in Pakistan

The White House denied formally requesting a ceasefire extension with Iran, despite ongoing diplomatic engagements. While cautiously optimistic about a deal, the US has made its "red lines" clear. Meanwhile, Pakistan's army chief visited Tehran with a potential new framework for talks, following previous negotiations that stalled over key issues…

The Times of India

‘Straits of Vermouth’: Democrats roast two Trump cabinet members with one Iran war post after Bessent’s press briefing botch

Democrats’ social media team pounces on Treasury Secretary’s beverage gaffe to reference Defense Secretary Pete Hegseth’s alleged history of problem drinking

The Independent UK

U.S. Sanctions Six Entities Connected with Mexico's Cartel del Noroeste: All About this Drug Trafficking Organization

The sanctions target six entities connected to a money laundering and cash smuggling enterprise operated by Mexico's Cartel del Noreste

Latin Times

Reeves warns impact of Iran war on economy will persist once hostilities end

The Chancellor and international counterparts said the conflict had caused ‘unacceptable loss of life’ and ‘significant’ economic turmoil.

Evening Standard

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The Independent UK

Chancellor meeting with US counterpart after strong criticism of Iran war

IN FULL

The Guardian - UK

IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened

Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC

The Guardian - AU

US Senate fails to pass war powers resolution for fourth time – as it happened

White House denies US asked for ceasefire extension and says negotiations are ‘ongoing’; Benjamin Netanyahu says ‘too early to say how matter will end’

The Independent UK

Reeves to hold talks with US counterpart after hitting out at Trump’s ‘folly’ over Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East

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news in one place.

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Evening Standard

Chancellor to hold talks with US counterpart after strong criticism of Iran war

Rachel Reeves has gone public with her anger and frustration at the ‘folly’ of America’s actions in the Middle East.

The Times of India

Banks in US to soon collect citizenship information, Scott Bessent says it's not unreasonable

Treasury Secretary Scott Bessent said that the proposed executive order that would make it mandatory for banks to collect citizenship information is in the process. “It’s in process. And I don’t think it’s unreasonable, because: Why don’t we have information on who’s in our banking system? I have a place…

Latin Times

Treasury Chief Touts Plan to Require Proof of Citizenship to Open Accounts: 'Why Don't We Know Who's in Our Banking System?"

The proposal could apply not only to new customers but to existing account holders raising the prospect of large-scale compliance requirements for financial institutions

International Business Times UK

Trump Threatened to Cut Off Spain — Its PM Flew Straight to Beijing and Signed Deals With Xi Jinping

In a strategic pivot, Spain's Prime Minister Pedro Sanchez strengthens ties with China, signing cooperation agreements amid tensions with the U.S.

Fortune

The AI that found 27-year-old vulnerabilities no human ever caught before just forced an emergency meeting with every major Wall Street CEO

Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly convened Wall Street leaders in an emergency meeting addressing Anthropic’s latest model release.

Euronews

Could billions in frozen Iranian assets help the US unlock a deal?

Ahead of US-Iran negotiations in Islamabad on Friday, a top demand from Tehran will likely be the unlocking of its frozen assets abroad. Trump will have to consider handing back the fortune he once locked away.

International Business Times UK

Radio Host Warns Trump His Death Will Be Celebrated Like 'Mardi Gras' Because He 'Hurt Too Many People'

Charlamagne Tha God criticises Donald Trump over Mueller-related remarks, warning that years of controversial rhetoric could lead to extreme public reactions in the future.

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