Category: Treasury Department

At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports

The New York Times – Business:
Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
Treasury Secretary Scott Bessent Says US Has Support for Economic War Against Iran

The New York Times – Business:
The Treasury secretary is also facing pushback on the Trump administration’s trade policies at the global gathering.
IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds

The New York Times – Business:
The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits.
G20 Finance Officials Gather in U.S. as Iran War Grips Global Economy

The New York Times – Business:
The meeting is expected to focus on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

The New York Times – Business:
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
Treasury Bars Some Reporters From G20 Finance Meeting

The New York Times – Business:
Specific reporters from The New York Times, The Wall Street Journal and Bloomberg were not granted credentials to cover the meeting of financial leaders next week in Asheville, N.C.
Warsh’s Big Test at Jackson Hole

The New York Times – Business:
Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.
Bessent Faces Credibility Test in Quest to Tame Markets

The New York Times – Business:
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
U.S. ‘Economic D-Day’ Targets More Than Just Iranian Oil

The New York Times – Business:
The United States threatened sanctions for any country or entity that engages with Iran’s gold, digital assets, aviation, shipping and tech industries. Here’s why that matters.
China Pushes Back After Trump Tightens the Screws on Iran

The New York Times – Business:
The Trump administration risks a clash with Beijing as it tries to cut off Iran’s economic lifelines without upending a fragile U.S.-China truce.
The Heat on Treasury Secretary Scott Bessent Grows

The New York Times – Business:
Treasury Secretary Scott Bessent’s plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.
Iran May Have Little to Lose as U.S. Tries to Squeeze Its Economy

The New York Times – On the Runway:
Experts warn that a campaign aimed at avoiding military escalation could instead provoke it, as Iranian leaders vow retaliation across the oil-rich Gulf.