Tag: scott_bessent
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Treasury Secretary Scott Bessent Meets with Insurance Commissioners on Private Credit
Treasury Secretary Scott Bessent convened with state insurance commissioners and the NAIC to discuss the U.S. life insurance sector, focusing on private credit markets, offshore reserves, and the need for balanced regulation that manages risk while encouraging innovation.
Business and FinanceInsuranceScott BessentU.S. Department of the TreasuryNAICPrivate CreditRegulatory PolicyUS Treasury
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U.S. Treasury Sanctions Iraqi Oil Official and Militia Leaders Over Iran Terror Funding
The U.S. Treasury has sanctioned Iraq's Deputy Minister of Oil and three militia leaders for diverting oil revenues to Iran. The move is part of a broader campaign to disrupt funding for Iran-backed terrorist activities against U.S. interests.
Politics and GovernmentConflictBusinessIraqIranFederal GovernmentMiddle EastEconomyMilitaryLegalEnergy U.S. Department of the TreasuryAli Maarij Al-BahadlyScott BessentTerrorismOil and GasUS Treasury
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Treasury Secretary Bessent Meets with Israeli Minister Smotrich
Secretary of the Treasury Scott Bessent met with Israeli Minister Bezalel Smotrich to reinforce the strong relationship between the United States and Israel. Bessent lauded Smotrich’s leadership and encouraged embracing President Trump’s peace deal.
Politics and GovernmentWorldMiddle EastFederal GovernmentWhite House Scott BessentBezalel SmotrichIsraelAbraham Accordspeace dealDiplomacyUS Treasury
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U.S. and Greece Discuss Trade and Security
Treasury Secretary Scott Bessent met with Greek Finance Minister Kyriakos Pierrakakis to discuss strengthening bilateral trade and investment ties, as well as cooperation on critical national security matters.
Politics and GovernmentBusinessWorldTradeFinancial MarketsNational SecurityEurope Scott BessentKyriakos PierrakakisGreeceInvestmentUS Treasury
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US Treasury Secretary Meets with German Vice Chancellor
Treasury Secretary Scott Bessent met with German Vice Chancellor Lars Klingbeil to discuss trade, international tax issues and security cooperation regarding Ukraine.
Politics and GovernmentBusinessWorldGermanyEuropeTradeFederal GovernmentWhite House Scott BessentLars KlingbeilUkraineInternational TaxUS Treasury
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U.S. and Japan Discuss Trade and Economic Cooperation
U.S. Treasury and Commerce Secretaries meet with Japan's Economic Revitalization Minister to discuss fair trade, investment, economic security, and strengthen bilateral ties.
Politics and GovernmentBusinessWorldTradeFederal GovernmentAsiaEconomy Scott BessentHoward LutnickRyosei AkazawaJapanEconomic CooperationUS Treasury
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Media Monitor: Stocks Surge on U.S.-China Tariffs Deal
The Washington Post reports stocks surged after the U.S. and China agreed to lower tariffs for 90 days. The S\&P 500, Dow, and Nasdaq all saw significant gains.
BusinessPolitics and GovernmentTradeFinancial MarketsEconomyAsiaChina tariffsS&P 500Dow Jones Industrial AverageNasdaqScott BessentThe Washington Post
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Media Monitor: US, China Agree to Tariff Reductions After Trade Talks
The AP reports the U.S. and China have agreed to reduce tariffs on each other's goods after trade talks in Switzerland, marking a potential turning point in the economic dispute.
Politics and GovernmentBusinessWorldTradeFinancial MarketsEconomyChinaAsia TariffsHe LifengJamieson GreerScott BessentNPR Breaking News
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Media Monitor: US, China Agree to Reduce Tariffs
The Associated Press reports the U.S. and China have agreed to reduce tariffs on each other's goods after trade talks in Switzerland.
Politics and GovernmentBusinessWorldTradeFinancial MarketsEconomyChinaAsia TariffsHe LifengJamieson GreerScott BessentNPR Breaking News
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Media Monitor: China, U.S. Agree to Tariff Slash
The Washington Post reports that China and the U.S. have agreed to lower tariffs for 90 days while they negotiate, offering a temporary reprieve in a trade war.
Politics and GovernmentBusinessWorldChinaEconomyTradeFinancial MarketsAsiaWhite House tariffstrade warScott BessentJamieson GreerXi JinpingThe Washington Post
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Jonathan McKernan Nominated for Undersecretary of Domestic Finance
Jonathan McKernan nominated as Undersecretary of Domestic Finance. McKernan, previously awaiting confirmation to lead the Bureau of Consumer Financial Protection, will advance the President's America First agenda.
Politics and GovernmentBusinessEconomy Jonathan McKernanScott BessentTreasury DepartmentUndersecretary of Domestic FinancePresident TrumpFederal Deposit Insurance CorporationFederal Housing Finance AgencyUS Treasury
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U.S. Treasury Secretary Meets with Bahamas Prime Minister
Treasury Secretary Scott Bessent met with Bahamas Prime Minister Philip Davis to discuss the strong bilateral relationship and the Bahamas’ financial growth plans.
Politics and GovernmentBusinessWorldEconomyTradeFederal Government Scott BessentPhilip DavisBahamasfinancial sectorfiscal consolidationGovernment FinancesUS Treasury
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US and Ukraine Establish Reconstruction Investment Fund
The United States and Ukraine have signed an agreement to establish a Reconstruction Investment Fund, aiming to boost Ukraine's economic recovery. The partnership seeks to leverage resources from both countries.
Politics and GovernmentWorldBusinessUkraineGeneral PoliticsFederal GovernmentTradeEconomy Treasury DepartmentScott BessentDonald J. TrumpU.S. International Development Finance CorporationInvestment FundUS Treasury
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U.S. and Qatar Discuss Economic Expansion and Security
Treasury Secretary Scott Bessent and Qatari Finance Minister Ali bin Ahmed Al Kuwari met to discuss economic relations and the U.S. campaign against Iran.
Politics and GovernmentBusinessWorldQatarMiddle EastFederal GovernmentTradeEconomy Scott BessentAli bin Ahmed Al Kuwarieconomic relationsIrannational security
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U.S. and Switzerland Discuss Economic Cooperation
Treasury Secretary Scott Bessent met with Swiss leaders to discuss advancing economic relations between the United States and Switzerland, focusing on fair and reciprocal trade.
Politics and GovernmentBusinessWorldTradeFederal GovernmentWhite HouseEconomyEurope Scott BessentKarin Keller-SutterGuy ParmelinSwitzerlandEconomic Relations
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U.S. Treasury Secretary Meets with Indonesian Finance Minister
U.S. Treasury Secretary Scott Bessent met with Indonesian Finance Minister Sri Mulyani Indrawati to discuss trade and economic cooperation.
Politics and GovernmentBusinessWorldIndonesiaTradeFederal GovernmentEconomy Scott BessentSri Mulyani IndrawatiBretton WoodsFinance
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U.S. Treasury Secretary Reaffirms Support for Ukraine
Treasury Secretary Bessent met with Ukrainian leaders, reaffirming U.S. support for Ukraine's sovereignty and emphasizing the need to finalize the economic partnership.
Politics and GovernmentWorldBusinessUkraineGeneral PoliticsFederal GovernmentTradeEconomy Scott BessentDenys ShmyhalSergii MarchenkoEconomic PartnershipSovereignty
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Treasury Secretary Bessent Meets with Ukrainian Leaders, Reaffirms U.S. Support
Treasury Secretary Bessent meets with Ukrainian leaders, reaffirming U.S. support for Ukraine's sovereignty and the importance of finalizing an economic partnership.
Politics and GovernmentWorldBusinessUkraineFederal GovernmentTradeEconomy Scott BessentDenys ShmyhalSergii MarchenkoEconomic PartnershipSovereignty
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FinCEN Targets Southwest Border Money Laundering
FinCEN issues a Geographic Targeting Order for money services businesses in California and Texas to combat money laundering by Mexico-based cartels.
Politics and GovernmentBusinessWorldMexicoFederal GovernmentLaw EnforcementFinancial MarketsLegal FinCENGeographic Targeting Ordermoney launderingMexico-based cartelssouthwest borderCurrency Transaction ReportsScott Bessent
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US Treasury Secretary Meets with Jordanian Prime Minister
Treasury Secretary Scott K.H. Bessent met with Jordanian Prime Minister Dr. Jafar Hassan, reaffirming the strong economic and security ties between the two nations.
Scott BessentJafar HassanJordaneconomic relationssecurityGovernment of Jordan
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U.S. and Spain Discuss Trade and Defense Spending
Treasury Secretary Scott K.H. Bessent met with Spain's Minister Carlos Cuerpo to discuss trade, defense spending, and the digital services tax.
Scott BessentCarlos CuerpoSpainTradeNATODigital Services Tax
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U.S. Treasury Secretary Bessent Supports Argentina's Economic Reforms
Treasury Secretary Scott Bessent met with Argentina's Minister of Economy Luis Caputo, affirming U.S. support for economic reforms and praising Argentina's negotiations with international institutions.
Scott BessentLuis CaputoArgentinaInternational Monetary FundTradeEconomic Policy