US Department of the Treasury
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Economy
US claims EU joined new Iran sanctions push, yet Brussels only endorsed them
US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system. Yet a Brussels statement issued at this week's G20 finance meeting in fact stops well short of that.
Economy
Japan's 10-year yield hits 3% for first time since 1996 amid G20 talks
Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.
Economy
Iran sanctions and tariffs shadow G20 finance talks in Asheville
Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing tariffs on several of them.
Business
What the new US sanctions on Iran mean for European businesses
The US has unveiled a sweeping expansion of secondary sanctions intended to sever Iran's remaining links to the global economy, warning that companies anywhere in the world that keep trading with Tehran risk losing access to the dollar system.
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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.
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.
Economy
US Treasury enlists banks to target Iranian money laundering schemes
The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.
