A new book by Maggie Haberman and Jonathan Swan alleges that US Treasury Secretary Scott Bessent called Ukrainian President Volodymyr Zelenskyy a "little fucker," a "special-needs child," and "Mr Bean on crack." Bessent also reportedly advised Donald Trump not to host Zelenskyy in the Oval Office.
The US has allowed a sanctions waiver for Russian crude oil to expire, potentially impacting India's energy imports. This move follows a US-Iran understanding for a peace deal and the normalization of oil supplies through the Strait of Hormuz.
US Treasury yields increased Wednesday after the Federal Reserve, under Kevin Warsh, maintained interest rates and removed language suggesting future cuts. Officials now anticipate potential rate hikes in 2026, with the median estimate for the Fed Funds Rate ending 2026 at 3.8%.
US Treasury yields saw minimal change on Wednesday as markets awaited the Federal Reserve's policy meeting, the first under new Chair Kevin Warsh. Investors anticipate interest rates will remain unchanged, but are keen to observe Warsh's communication style and potential views on future policy.
US Treasury yields edged higher Wednesday as investors awaited the first Fed policy meeting under new Chair Kevin Warsh. While rates are expected to hold steady, focus is on Warsh's communication and potential dovish signals, contrasting with 8 years under Jerome Powell. UK inflation eased slightly, causing gilt yields to fall.
US Treasury yields declined Tuesday as the Federal Reserve's policy meeting started. Easing inflation expectations and a provisional peace agreement between Washington and Tehran contributed to the drop in yields, with the 10-year note falling over 4 basis points.
US Treasury yields remained largely unchanged Tuesday as the Federal Reserve commenced its policy meeting. Expectations for inflation and interest rate hikes have eased, partly due to a provisional peace agreement between Washington and Tehran, potentially reopening the Strait of Hormuz.
US Treasury yields remained largely unchanged on Tuesday as investors anticipate the Federal Reserve's policy meeting. Expectations for inflation and interest rate hikes are easing, partly due to a provisional peace agreement between Washington and Tehran that could reopen the Strait of Hormuz.
US Treasury yields declined Tuesday ahead of the Federal Reserve's policy meeting, with easing inflation and interest rate hike expectations. A provisional peace agreement between Washington and Tehran also contributed to the fall.
The US Treasury Department is deepening banks' involvement in President Trump's immigration crackdown by issuing new guidance. This allows banks to share information about suspected customers more rapidly and flags signs of customers lacking legal immigration status, framed as a measure against fraud and crime.
The U.S. Treasury Department has published a list of medical devices requiring specific authorization for export to North Korea, tightening licensing requirements amid Pyongyang's nuclear and missile threats.
Three Indian crew members were killed when the US Navy attacked merchant ships off the Oman coast; India lodges strong protest with the US.
US Treasury permits financial transactions for Sakhalin-2 oil to Japan until December 18, 2026, provided it's exclusively for Japanese transport.
US Treasury Secretary Scott Pissent vowed to use Iranian funds to compensate for damages caused by Tehran to Washington's Gulf allies, warning of severe economic repercussions from the Islamic Republic's attacks. Meanwhile, efforts to reach a preliminary agreement between Iran and the US have intensified, with discussions focusing on releasing frozen Iranian funds.
Former US Treasury Secretary Henry Paulson advised Washington and Beijing to manage their strategic competition to prevent conflict, warning that distrust is a greater risk than trade imbalances. Speaking in Beijing, he emphasized the need for 'guard rails' amidst intense rivalry.
The US Treasury has started refunding $22 billion in tariffs after the Supreme Court canceled surcharges in February. The administration appealed the decision on June 2nd, potentially impacting these initial refunds.
Anchorage Digital, a crypto bank, has submitted a public comment letter supporting the US Treasury Department's proposed Anti-Money Laundering (AML) and sanctions framework for the GENIUS Act. The company believes the rules strike a balance between compliance and innovation but seeks clarification on secondary-market sanctions liability.
Hyperliquid Policy Center and Paradigm asked the US Treasury to adjust proposed AML/sanctions rules for stablecoin issuers, arguing secondary market obligations are unpoliceable and could harm DeFi.
Treasury Secretary Scott Bessent confirmed the US is moving forward with establishing a strategic Bitcoin reserve as ordered by President Trump. He emphasized a methodical approach to the unprecedented initiative, aiming for durable, best-practice protocols. Senator Cynthia Lummis praised the progress, while Bessent also urged passage of the Digital Asset Market Clarity Act to bolster US leadership in crypto innovation.
US Treasury Secretary Scott Bessent is working with Congress to solidify the nation's strategic bitcoin reserve, established by a presidential decree in March 2025. The goal is to transition the reserve from a political initiative to a lasting institutional commitment through legislation, signaling bitcoin's legitimacy as a long-term reserve asset.
US Treasury Secretary Scott Bessant expressed support for Bill Mulvaney's appointment as acting Director of National Intelligence, despite their past heated altercation. Bessant stated he expects constructive cooperation on housing and urgent issues concerning Iran.
The US Trade Representative's office announced a new US-China Board of Trade to manage bilateral trade, potentially considering tariff modifications on non-sensitive goods. The board aims to facilitate trade between the two largest economies.
US official Bessent noted 200 Boeing planes agreed during a visit, with more expected when Xi Jinping arrives. Expert Gupta linked Boeing purchases to China's C919 jet engine supply, predicting up to 550 more planes if trust is established. This follows the US Trade Representative's office announcing a comment process for a new US-China Board of Trade.
US Treasury Secretary Scott Bessent confirmed the department is actively working to establish a strategic Bitcoin reserve and digital asset stockpile, fulfilling a 2025 executive order from President Trump. The US currently holds over 328,000 BTC.
