The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Category: Exchange Stabilization Fund (United States Treasury)
-
Bessent Backs Financial Support for Oil-Rich U.A.E.
The New York Times – Business: -
U.S. Considers Financial Support for Oil-Rich U.A.E.
The New York Times – Business:President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
-
Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
-
Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
-
Powell and Yellen Suggest Need to Review Regulations After Bank Failures
The New York Times – Business:Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.