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The Latest Breaking News from Scott Bessent

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

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

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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

Chancellor meeting with US counterpart after strong criticism of Iran war

IN FULL

The Independent 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 - UK

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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 Guardian - AU

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

The Independent UK

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.

Evening Standard

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…

The Times of India

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

Latin Times

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.

International Business Times UK

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.

Fortune

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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.

International Business Times

Treasury Secretary Bessent Says U.S. Will 'Retake Control' of Strait of Hormuz

Treasury Secretary Scott Bessent said that the United States will "retake control" of the Strait of Hormuz over time, to restore freedom of navigation through one of the world's most critical energy chokepoints.

The Guardian - US

Trump’s Iran war is holding him hostage

If there is any consistency to Trump’s policy, it is a series of frantic attempts to justify his original blunder and extricate himself from its dire consequences

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The Guardian - US

US treasury department demands retraction of story on increased oversight of Federal Reserve

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’

The Mary Sue

‘First for a sitting U.S. president’: Donald Trump is now breaking a 165-year-old tradition in a way only he could

President Donald Trump’s signature is set to appear on U.S. dollars, marking an unprecedented move as he becomes the first sitting president to have his name emblazoned on the nation’s currency. According to The NY Times, this significant change, announced by the Treasury Department, is coming later this year and…

International Business Times UK

Trump Set to Make History as His Signature Will Appear on US Dollar Bills, Starting with $100 Notes in June

Donald Trump will be the first sitting US president to have his signature on American paper currency, with redesigned banknotes set to enter production this summer.

International Business Times

Dollar Bills to Bear Trump's Signature for the First Time in U.S. History

Donald Trump's signature will appear on U.S. dollar bills for the first time in history, marking a major change in currency design.

We Got This Covered

‘First for a sitting U.S. president’: Donald Trump couldn’t build a wall or end wars, but now he’s breaking a 165-year old tradition

His critics are gonna have a field day with this!

International Business Times UK

Trump Turns Paper Money into a Personal Billboard, His Signature Marking a First for a Sitting President

In a historic move, Donald Trump's signature will be featured on all future US paper currency, marking the first time a sitting president's name appears on the nation's banknotes.

The Guardian - US

Trump signature to appear on US currency in first for sitting president

Treasurer’s signature to be removed for first time since 1861 in change made to mark US’s 250th anniversary

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