World Sep 04 U.S. issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran By Farnoush Amiri, Andrew Wilks, Associated Press
Economy Sep 01 China dissents as Bessent says 19 finance ministers agree to address 'cheap exports' Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented. By Fatima Hussein, Associated Press
World Aug 31 Hosting G20 meeting, Bessent tries to rally allies on Iran as tariffs strain ties Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran. By Fatima Hussein, Associated Press
Politics Aug 31 Treasury Department blocks certain journalists from covering G20 meeting The New York Times said in a statement that denying American journalists access to an event in the U.S. is “not just another disturbing effort by the administration to undermine independent journalism, but a blatant attempt to evade public scrutiny.”… By Ben Finley, Associated Press
World Aug 30 U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP “This is going to be financial violence if we have to,” Bessent said in the interview. “We are showing people that we know who you are, you know who you are, and this has got to stop.”… By Fatima Hussein, Associated Press
Aug 28 U.S. targets Egyptian bank's UAE branches under new push for Iran's economic isolation By Fatima Hussein, Farnoush Amiri, Associated Press Under a new rule proposed Friday by the Treasury Department, the Emirati branches of Banque Misr, Egypt’s second-largest bank, would be severed from access to the U.S. financial system. Continue reading
Aug 24 WATCH: Bessent announces new sanctions to block Iran's revenue streams By Nasser Karimi, David Rising, Associated Press Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. Continue reading
Aug 12 Bessent said the K-shaped economy 'is over.' Here's what financial experts say By Maria Ramirez Uribe At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a “K shape,” a term used to describe increasing financial inequality between high- and low-income households. Continue reading
Jun 05 Treasury warns banks of 'red flags' tied to customers in the U.S. illegally By Fatima Hussein, Ken Sweet, Associated Press The Financial Crimes Enforcement Network — also known a FinCEN — issued an advisory Friday to banks that tells them to watch out for identity theft, payroll tax fraud, and money laundering schemes tied to hiring unauthorized workers. Continue reading
Jun 04 WATCH: Bessent returns to the Hill to face more questions on Trump's IRS deal By Associated Press Treasury Secretary Scott Bessent was 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… Continue reading