Bessent designates two firms in IRGC-backed extortion scheme forcing vessels to buy Strait of Hormuz insurance
“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash. The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC’s terrorism, aggression, and repression. https://t.co/J1GsCb79e6”
Bessent says Treasury analysis shows American families claimed $82 billion in individual relief from Working Families Tax Cuts
“Treasury’s recent analysis confirms that @POTUS’ tax policies are delivering as promised. American families and workers overwhelmingly benefited from the Working Families @TaxCuts, claiming $82 billion in individual relief this past tax filing season. https://t.co/uWHNjPEk9f”
Bessent sanctions six entities in China, India, Russia, Iran serving as Mahan Air general sales agents
“Those who provide financial services, logistics, or commercial support to the IRGC or Mahan Air are helping sustain a terrorist enterprise. Treasury will continue to identify them, expose them, and cut them off from the U.S. financial system. https://t.co/EDIiJdzVLr”
Bessent says Friday's coordinated foreign exchange actions countered disorderly yen movements
“The Trump Administration delivers for America's trusted partners. Economic security is national security. And the U.S.-Japan alliance is built on both. Friday's coordinated foreign exchange actions countered disorderly yen movements. Treasury remains attentive and in close”
Bessent says Iran's shadow banking system buckling under Economic Fury, moving hundreds of millions
“Iran’s shadow banking system is buckling under Economic Fury, and the regime is running out of ways to move money. Every facilitator that keeps the regime afloat is putting a target on its own back. Treasury will continue to expose these networks and cut them off from the U.S. https://t.co/u0D0DP6pLe”
Bessent says Treasury renewing Minnesota Geographic Targeting Order to combat fraud diverting state and federal dollars
“Treasury promised to follow the money, and that is exactly what we are doing. We will continue to give law enforcement critical tools to trace criminal networks that siphon taxpayer dollars and move them overseas. The Trump Administration will not allow criminals to profit from https://t.co/85jeaPiGxt”
Bessent says Iranian regime's reliance on digital assets and shadow banking shows Economic Fury working
“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working. We will continue to increase the economic pressure. Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial https://t.co/phPYBx4Zxr”
Bessent tells Robert Reich McDonald's problem is Burger King, suggests UC Berkeley should fire him
“McDonald's problem is called Burger King, Professor. No wonder Bill Clinton fired you. UC Berkeley should too, if that’s what passes for “research.” https://t.co/2XHXR2XWCS”
Bessent announces guidance allowing employers to contribute up to $2,500 tax-free annually to Trump Accounts for dependents
“Trump Accounts are giving American families a new way to build wealth from day one. Today, Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving”
Bessent announces final rule permanently removing beneficial ownership reporting requirement for U.S. companies
“Today’s action is a victory for common sense and American small businesses. @POTUS promised to cut red tape, and this final rule delivers. Treasury is eliminating a burdensome reporting requirement for millions of law-abiding business owners without compromising our national https://t.co/g8RbpKJ1jT”
Bessent says Treasury moving quickly to implement GENIUS Act framework for payment stablecoins
“.@POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework. @USTreasury welcomes input from stakeholders as we work to provide the regulatory”
Bessent argues the American people already had the tariff money through the U.S. treasury.
“The American people had that money. And if I hear another Democratic legislature say make the inane remark, the American people should get the money.”
Bessent says Treasury buybacks could exceed $4 billion per issue, an increase from routine operations.
“We routinely do buybacks, and we're gonna increase the size of the buyback. And, you know, Sarah, I would note that it could be more than the 4,000,000,000 per issue.”
Bessent explains Treasury can use secondary sanctions because it does not take their use lightly.
“And in the terrorism finance department and at OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
Bessent emphasizes secondary sanctions are very powerful, naming the acting undersecretary for terrorism finance.
“Secondary sanctions are a very powerful tool, and we here at Treasury this is Gene Wang, the acting undersecretary for terrorism finance.”
Bessent announces a wave of sanctions starting immediately with more to follow at a continuing pace.
“And I want to emphasize that we are spreading out across the world as we speak, that you will see a wave of sanctions when you leave this meeting today, and you should expect that cadence to continue.”
Bessent warns far-left extremists Treasury will use economic tools against political terrorism
“Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear. Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated. https://t.co/9qRRLriBzS”
Bessent warns far-left extremists Treasury will use economic tools against political terrorism
“Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear. Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated. https://t.co/9qRRLriBzS”
Treasury moved to quiet market signals about yield management, which always starts as technical but becomes policy commitment.
“>WSJ op-ed</a>. “It was being a pushover that had finally begun to clear its throat, and Treasury moved to quiet even that.” “Yield management always begins as a technical operation and ends as a policy commitment.”</p> <p class=”
Treasury interventions in bond markets that start as technical fixes inevitably become ongoing policy tools.
“Yield management always begins as a technical operation and ends as a policy commitment.”
Buyback operations could potentially expand beyond the initially announced four billion dollar size.
“>operations</a> could potentially expand beyond the initially announced $4 billion size.</p> <em>All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact <a href=”
Treasury defended buybacks for liquidity improvement while Bessent suggested operations could expand beyond the announced four billion dollar size.
“>The Treasury Department defended the buybacks as a way to improve liquidity and manage the government’s debt portfolio, while Bessent indicated the <a class=”
Bessent says Treasury is relentlessly targeting narcoterrorist networks under Trump's leadership.
““Under President Trump’s leadership, Treasury is relentlessly targeting the narcoterrorist networks that profit from poisoning Americans,” said Secretary of the Treasury Scott Bessent”
Bessent frames Syria sanctions relief as delivering on Trump's promise to give Syrians a chance at greatness.
““Treasury is following through on President Trump’s promise to give the Syrian people a chance at greatness,” said Secretary of the Treasury Scott Bessent”
Bessent says Trump Account dollars should work toward children's futures, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,””
Bessent says Trump Account dollars should work toward children's financial future, not be diminished by unnecessary fees.
““Every dollar in a child’s Trump Account should be working toward that child’s financial future, not diminished by unnecessary fees,” said Treasury Secretary Scott Bessent”
Bessent states Treasury's goal is to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent .”
Bessent says OFAC is sanctioning over 60 entities worldwide enabling Iran's nuclear, missile, and cyber programs.
“Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels across the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”