The Trump administration has sanctioned three Mexican financial firms—CIBanco, Intercam Banco, and Vector Casa de Bolsa—for laundering drug cartel money tied to fentanyl production.
reasury Secretary Scott Bessent sharply rebuked California Governor Gavin Newsom on June 8, warning that if Newsom withholds federal tax payments—citing California’s $80 billion net contribution versus receipts—it would amount to criminal tax evasion.
Treasury Secretary Scott Bessent delivered a forceful call for reform Wednesday, urging the International Monetary Fund (IMF) and World Bank to return to their founding missions and abandon political distractions that are undermining global financial stability.
