Scott Bessent

Editor’s note: The story has been updated to include a comment from an Amazon spokesperson. Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy was reportedly behind the security concerns that led to a U.S. export control ban on Anthropic’s two “Mythos-class” AI models, built for...

GasBuddy analyst Patrick De Haan has criticized the President Donald Trump administration, saying that the effects of the Iran war were still negatively impacting Americans in the form of higher costs. Biggest Losers Are Not In Tehran In a post on X on Thursday, De Haan quoted a post by Trump...

Iranian Foreign Ministry spokesperson Esmaeil Baqaei used a famous quote from William Shakespeare’s play “Macbeth” on Monday to ridicule Treasury Secretary Scott Bessent’s claim about seizing $1 billion worth of Iran’s cryptocurrencies. ‘Dwarfish Thief’ In...

New York City Mayor Zohran Mamdani (D) said that the Democratic Party has lost its focus on the economic concerns of working-class Americans, calling for a sharper focus on housing, healthcare and gas prices ahead of the 2026 midterms. “The party, as a whole, has lost its focus on working...

The U.S. government reportedly plans to redirect Iranian assets to Gulf allies to cover damages caused by Tehran’s strikes, with Treasury Secretary Scott Bessent directing a team to assess costs, including potential future destruction. Bessent Eyes Iranian Assets For Gulf Repairs As the...

Sen. Amy Klobuchar (D-MN) slammed President Donald Trump‘s Treasury Secretary Scott Bessent, accusing him of downplaying the effects of high gas prices. $53 Billion In Excess Costs “Americans have paid $53 billion more for gas and diesel” amid the Iran war, Klobuchar said in a...

As the week comes to a close, let’s take a look at the top political stories that made headlines, from international tensions to presidential updates. US Fires Hellfire Missile At Fifth Ship Defying Iran Blockade The U.S. Central Command (CENTCOM) fired a Hellfire missile at a fifth...

The President of the Federal Reserve Bank of Kansas City, Jeffrey Schmid, has raised concerns that the ongoing energy shock may not be as short-lived as expected, considering the existing high inflation rates. During a conference in Iceland on Friday, Schmid expressed, “My...

Gov. Gavin Newsom (D-CA) on Thursday criticized the President Donald Trump Administration’s decision to introduce a $250 bill featuring a portrait of the President. $1 Trillion Bill In a post on the social media platform X, Newsom’s official Press Office handle touted a new “$1...

Treasury Secretary Scott Bessent called on Congress on Thursday to pass the Clarity Act, emphasizing its importance for the future of digital assets in the U.S. Bill Has ‘Bipartisan Support’ During a White House briefing, Bessent stated that the key piece of cryptocurrency...

The Treasury Department has enforced sanctions on the Persian Gulf Strait Authority (PGSA) of Iran, the body that manages the operations of the Strait of Hormuz. The Department emphasized that the Strait Authority is a key player in an Iranian-controlled scheme that flagrantly violates...

Sen. Rand Paul (R-Ky) praised the Trump administration for its efforts to combat widespread government fraud, which he claims costs taxpayers up to $500 billion annually. Paul took to X on Tuesday to acknowledge the comments made by Treasury Secretary Scott Bessent during an April interview...

As the week wraps up, here’s a quick look at some of the top stories that made headlines over the past few days. Scaramucci Blames US For China’s Superpower Status Anthony Scaramucci, the founder of SkyBridge Capital, criticized the U.S. for its decision to grant China permanent...

Sen. Tom Cotton (R., Ark.) is urging Treasury Secretary Scott Bessent to sanction any country or entity enabling or facilitating Iran’s new Strait of Hormuz toll system, including Oman, a major U.S. ally involved in helping Iran establish it. Sanctions Push Targets Iran-Backed Strait...

President Donald Trump and Chinese President Xi Jinping chartered two new bilateral institutions, the U.S.-China Board of Trade and the U.S.-China Board of Investment, as the cornerstones of the bilateral economic agreement reached during Trump’s second state visit to China. Unlike the 20...