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.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
South Korea’s Constitutional Court was forced to adjourn its first impeachment hearing for President Yoon Suk-yeol on Tuesday after he failed to attend, citing security concerns. Yoon, impeached in December following his abrupt imposition of martial law, faces charges of insurrection and is subject to an arrest warrant, further complicating the political turmoil.
