The U.S. Department of the Treasury is intensifying efforts to crack down on global cartel financing, revealing that Chinese money laundering networks are working directly with Mexican drug cartels to move billions of dollars. The findings highlight a growing alliance between two of America’s most dangerous adversaries—China and the cartels fueling the fentanyl epidemic.
Treasury Secretary Scott Bessent reaffirmed the Trump administration’s economic strategy Wednesday, emphasizing plans for trade alliances with key partners to counter China while brushing off fears of a financial meltdown.
The Trump administration is cracking down on the Sinaloa Cartel, a foreign terrorist organization, by imposing new sanctions on its money launderers and financial networks. Treasury Secretary Scott Bessent announced Monday that the Office of Foreign Assets Control (OFAC) is targeting six individuals and seven entities involved in laundering drug money for the cartel.
The Trump administration filed a court order to vacate a federal judge's ruling that blocked the Department of Government Efficiency (DOGE) from accessing the Treasury Department's payment system.
A Massachusetts man, Ryan Michael "Reily" English, was arrested at the U.S. Capitol on Monday with Molotov cocktails and knives, confessing to authorities that he intended to kill newly confirmed Treasury Secretary Scott Bessent. The arrest occurred the same day Bessent was confirmed in a 68-29 Senate vote.
