Scott Bessent

USA

US announces sanctions aimed at Iran's 'economic asphyxiation'

"Any entity that facilitates money laundering on behalf of Iran will be removed from the US dollar system," US Treasury Secretary Scott Bessent said on Monday.

24 August 2026

Economy

US threatens Iran with 'economic D-Day' as markets await sanctions

US Treasury Secretary Scott Bessent has announced the launch of what he calls an 'economic D-Day' against Iran, describing the campaign as the single greatest financial offensive ever directed at an adversary, with further details due later on Monday.

24 August 2026

Economy

US Treasury vows bigger buybacks after bond yields erased relief rally

Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene even more aggressively.

21 August 2026

Economy

US debt tops $40 trillion as Treasury doubles bond buybacks

The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.

20 August 2026

Markets

Bitcoin falls to $61,000, down more than 25% as long-term holders sell

Bitcoin has fallen to its lowest level since February, dropping more than 25% this month, as long-term holders liquidate billions in holdings and efforts to advance US crypto regulation face uncertainty in Washington.

4 June 2026

No Comment

G7 finance ministers gather in Paris amid Iran tensions and tariff concerns

Finance ministers from G7 economies gathered in Paris for a second day of talks focused on global economic pressures, including the Iran conflict, US tariffs and disruptions linked to the Strait of Hormuz.

19 May 2026

USA

Top Trump advisers urge China to assist in reopening Strait of Hormuz

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.

6 May 2026

Economy

US Treasury chief hails 'very good' China talks ahead of Trump visit

High-level US and Chinese officials have wrapped up two days of economic discussions in Paris, with the US Secretary of Treasury describing the sessions as productive ahead of President Trump's visit to China.

16 March 2026

Europe News

US Treasury Secretary asks Europe to “sit down and wait” for Trump in Davos

US Treasury Secretary Scott Bessent on Wednesday decried Europe’s “anger” and “bitterness” over Trump’s tariff threat. Speaking in Davos, Bessent said he believes Europeans will be persuaded to support Trump’s concerns about Greenland once they hear his argument.

21 January 2026