Category: Bessent, Scott

Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Bessent Questions the Cause of Climate Change and Its Economic Toll

The New York Times – Business:
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
Banks Warned About Anthropic’s New, Powerful A.I. Technology

The New York Times – Business:
In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
Bessent and Powell’s A.I. Anxiety

The New York Times – Business:
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
Trump’s Signature to Be Added to U.S. Dollars

The New York Times – Business:
President Trump is set to be the first sitting president to have his signature appear on America’s currency.
Trump Faces Blowback on Easing Iran Oil Sanctions

The New York Times – Business:
President Trump once assailed the Obama administration for making cash payments to Iran. Now he supports sanctions relief that could give the country a $14 billion windfall.
U.S. Pauses Sanctions on Some Iranian Oil to Get More to Market

The New York Times – Business:
Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
How High Will Oil Climb? Markets Brace for More Bad News.

The New York Times – Business:
Energy experts forecast more pain for consumers and businesses as the war in the Middle East shows no signs of easing.
U.S. Encourages Flow of Iranian Oil While It Battles Iran

The New York Times – Business:
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
U.S. Encourages Flow of Iranian Oil While It Battles Iran

The New York Times – Business:
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Trump Officials Look to More Managed Approach to Trade With China

The New York Times – Business:
The administration has begun discussing a new “Board of Trade” with China to try to balance what U.S. officials see as an unequal economic relationship.
Why Trump’s Strait of Hormuz Problem Is Going Global

The New York Times – Business:
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.