Bessent

Treasury Secretary Bessent stated that U.S. GDP growth could return to 3% before the end of the year. The statement focuses on economic growth projections.

Bessent states the US is offering Iran incentives while also maintaining threats. The approach combines diplomatic overtures with potential consequences.

US and Japan are more aligned on foreign exchange (FX) matters, according to Katayama following discussions with Bessent.

The US Bitcoin reserve is progressing at a 'deliberate speed' according to Bessent, with the Treasury chief stating the administration is using 'best practices' to implement Trump's Bitcoin reserve order.

Bessent testified that he told Bill Pulte he was 'going to kick his a**,' not punch him. Pulte, President Trump's pick for acting director of national intelligence, faces skepticism on Capitol Hill.

Bessent is handling IRS commissioner duties while under scrutiny over a Trump tax settlement. Democrats questioned the Treasury chief about whether other taxpayers affected by a leak involving Trump's tax returns would receive similar treatment.

Bessent characterizes the recent US inflation increase as a 'short-term blip.' The Treasury secretary supports Donald Trump’s economic record amid growing concerns over the Iran war.

The Treasury Department is preparing a $250 note featuring President Donald Trump’s portrait for the nation’s 250th anniversary, but the project requires Congress to amend a law prohibiting living individuals on U.S. currency. Republican Rep. Joe Wilson introduced legislation to enable the bill, facing opposition from Democrats who criticize it as prioritizing Trump’s legacy over the anniversary celebration.

Bessent asserts that Trump will not accept an unfavorable deal regarding Iran. The statement is part of a full briefing.

Bessent urges allies to aggressively enforce Iran sanctions. The move aims to increase pressure on Iran. Allies are expected to take a stronger stance.

Bessent expects a substantial decrease in inflation due to a reversal of the recent energy-fed surge. The US will continue to increase production, contributing to this trend. Warsh is taking over as the head of the Fed.

Bessent is in Tokyo ahead of a meeting between Xi and Trump, indicating potential trade discussions. The Asia Trade meeting on 5/12/2026 may have significant implications. Key players are gathering in Tokyo.

The U.S. government seized nearly $500 million in cryptocurrency linked to Iran, according to Bessent. The action is part of efforts to counter Iran's financial activities tied to illicit networks.

US Treasury Secretary Bessent addressed reports that Gulf and Asian allies are requesting swap lines, while denying claims that Trump family financial ties with the UAE are influencing the decision.

Bessent expresses optimism regarding gas prices during the upcoming summer season. The statement highlights a positive outlook on fuel costs in the coming months.

US Treasury Secretary Bessent stated that a 'small bit of economic pain' is necessary to eliminate the threat of Iranian strikes on Western capitals, emphasizing long-term security benefits.

Bessent issues warnings about global economic imbalances and highlights China's significant trade surplus. The article discusses concerns over international trade dynamics and their implications.

Financial industry leaders, including Bessent and Fed's Powell, met with bank CEOs to discuss cyber risks from Anthropic's AI model. The AI model was found to exploit vulnerabilities in major computer operating systems.

Anthropic has launched a new AI model, prompting urgent warnings from economists Bessent and Powell to CEOs about potential risks. The article highlights concerns over the implications of advanced AI developments.

The United States and Iran are preparing for peace talks scheduled over the weekend. Meanwhile, Bessent discusses Anthropic's developments in artificial intelligence.