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Top 8 scott bessent News Today

#1
Trump Goon Reveals Incoming Citizenship Banking Plot
#1 out of 8
politics1d ago

Trump Goon Reveals Incoming Citizenship Banking Plot

https://www.thedailybeast.com/trump-goon-reveals-incoming-citizenship-banking-plot/
Thedailybeast.com
  • A potential executive order would require banks to verify customers' citizenship, according to remarks at a Washington dinner.
  • The plan could retroactively apply to existing customers, not just new account holders.
  • White House officials described policy discussions as baseless speculation, offering no specific details.
  • Industry critics warned the plan could create a burdensome administrative process for banks.
  • Some Republicans publicly supported tightened controls on who can open bank accounts.
  • Bessent emphasized a comparison with other countries where citizenship verification is more common.
  • The report notes a relatively small number of U.S. passports in circulation compared to the population.
  • Treasury Secretary Scott Bessent is described as a multmillionaire with a global property portfolio.
  • Observers warned the policy could weaponize the banking system to political ends.
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#2
US vows to unleash full ‘Economic Fury’ on Iran: ‘Maintaining maximum pressure’
#2 out of 8
politics1d ago

US vows to unleash full ‘Economic Fury’ on Iran: ‘Maintaining maximum pressure’

https://nypost.com/2026/04/14/world-news/us-vows-to-unleash-full-economic-fury-on-iran/
Nypost.com
  • The US will not renew waivers and will push maximum pressure on Iran's oil at sea as sanctions end.
  • Treasury warns foreign banks to cut ties with Iran-linked entities to avoid penalties.
  • The move coincides with a blockade around the Strait of Hormuz, restricting shipments from Iranian ports.
  • The administration cites Iran’s financing networks as a key target for sanctions.
  • Treasury Secretary Scott Bessent said steps aim to cut illicit activity and reduce Iran’s revenue.
  • Iran and Russia oil waivers expired, signaling broader sanctions strategy.
  • Administration describes Operation Epic Fury as part of ongoing Middle East actions.
  • Treasury intends to pressure banks globally to sever Iran-related financial ties.
  • The push follows Iran’s oil shipments stranded at sea amid soaring fuel prices.
  • US officials stress the policy targets Iran’s revenue while maintaining allied coordination.
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#3
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
#3 out of 8
business18h ago

Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait

https://www.cnbc.com/2026/04/14/treasury-secretary-bessent-now-says-its-ok-for-the-fed-to-wait-to-lower-rates-amid-oil-surge.html
Cnbc.com
  • Bessent says rate cuts are desirable but the Fed should wait for clearer signals due to evolving conditions.
  • Bessent argues inflation is under control and core inflation is dropping in many categories.
  • The remarks come as March data showed higher prices, with energy costs rising since the Iran war began.
  • Bessent says he understands Fed caution and supports a careful approach to rate changes.
  • Bessent notes the Fed may delay until impacts from the Iran war become clearer.
  • Markets had priced in a slim chance of a rate hike this year according to futures data.
  • Powell's term as chair ends in May, with potential delays over confirmation politics.
  • The report ties policy timing to the broader Iran war impact on energy and inflation.
  • Bessent previously urged faster cuts, signaling nuanced shifts in his stance.
  • The article notes a potential influence of political dynamics on Fed decisions.
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#4
Trump admin's Operation Epic Fury takes aim at banks handling Iranian money
#4 out of 8
world16h ago

Trump admin's Operation Epic Fury takes aim at banks handling Iranian money

https://www.foxbusiness.com/politics/trump-admins-operation-epic-fury-takes-aim-banks-handling-iranian-moneyhttps://www.pbs.org/newshour/world/trump-administration-prepares-for-pivot-to-economic-warfare-on-iran
Foxbusiness.com and 1 more
  • The Trump administration is pivoting toward economic pressure on Iran, signaling a broader strategy that goes beyond military moves.
  • Treasury Secretary Scott Bessent describes the plan as the financial equivalent of a bombing campaign, aiming to intensify economic pain on Iran if no deal is reached.
  • The approach includes the threat of secondary sanctions on entities and countries that facilitate Iranian oil or money transit, expanding pressure beyond Tehran itself.
  • U.S. officials indicate several Chinese banks have been warned about handling Iranian funds, signaling targeted financial pressure on Tehran's networks.
  • The new strategy broadens the coalition aspect, with allies and trading partners facing potential penalties for facilitating Iranian financial activity.
  • Officials emphasize that cutting off access to Iranian funds could pressure Tehran toward negotiations on its nuclear and ballistic programs.
  • Analysts caution that intensified sanctions could invite diplomatic and economic blowback from allies, potentially complicating coalition-building against Tehran.
  • The administration ties the pressure campaign to ongoing discussions about ending or extending the ceasefire and blocking Iranian shipments if talks fail.
  • The plan encompasses sanctions on networks involved in illicit Iranian oil and front companies linked to Tehran’s economy, including activity in the UAE.
  • The evolving U.S. stance suggests a strategic shift from bombs to finance-focused pressure as a means to compel Iran toward concessions.
  • The PBS report underscores that the pivot reflects high-level discussions, signaling political will to escalate non-military pressure against Iran.
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#5
Trump accounts sign up 5 million kids, with 1.2 million eligible for $1,000 seed money, Bessent says
#5 out of 8
politics14h ago

Trump accounts sign up 5 million kids, with 1.2 million eligible for $1,000 seed money, Bessent says

https://www.cnbc.com/2026/04/15/trump-accounts.html
Cnbc.com
  • 5 million children have signed up for Trump accounts, per Treasury Secretary Scott Bessent.
  • About 1.2 million children may receive a $1,000 seed from the Treasury.
  • The seed money is available to babies born between 2025 and 2028.
  • Families can open accounts by filing IRS Form 4547 with 2025 tax returns or online.
  • Bank of New York Mellon will manage the accounts; Robinhood will help develop the Trump accounts app.
  • The program launches on July 4, according to the report.
  • Tech leaders and philanthropists have pledged to seed or match deposits.
  • Dell cited additional commitments from other tech leaders and philanthropists.
  • The program aims to teach children about investing and capitalism.
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#6
Live updates: White House briefing, Tax Day and latest Trump administration news | CNN Politics
#6 out of 8
politics10h ago

Live updates: White House briefing, Tax Day and latest Trump administration news | CNN Politics

https://www.cnn.com/2026/04/15/politics/live-news/trump-administration-newshttps://www.pbs.org/newshour/politics/watch-live-bessent-loeffler-join-white-house-briefing-on-tax-day
Cnn.com and 1 more
  • The White House will hold a Tax Day briefing at 1 p.m. EDT led by Karoline Leavitt.
  • Economists see rising energy prices linked to broader inflation pressures amid the Iran conflict.
  • The Labor Department reported that producer prices rose, signaling inflationary pressures.
  • Analysts expect Federal Reserve policy to influence prices as inflation trends unfold.
  • The report includes context on President Trump's administration and related political coverage.
  • Tax Day coverage covers how inflation and energy costs affect voters and policy.
  • The piece links energy prices to geopolitical events and global energy demand forecasts.
  • The article notes live coverage and related political commentary from AP reporters.
  • The piece references potential impacts on consumer prices and financial markets.
  • The coverage underscores the broader political and economic landscape surrounding Tax Day.
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#7
Bessent tells The Post no tax on overtime can offset loss of immigrant labor
#7 out of 8
politics8h ago

Bessent tells The Post no tax on overtime can offset loss of immigrant labor

https://nypost.com/2026/04/15/us-news/bessent-tells-the-post-no-tax-on-overtime-can-offset-loss-of-immigrant-labor/
Nypost.com
  • Bessent says no tax on overtime can offset the loss of immigrant labor and boost refunds for Americans.
  • The Post cites data showing more than 45% of filers benefited from one of four major tax reforms.
  • About 25 million Americans claimed no tax on overtime with an average deduction of $3,100.
  • The Post notes that 30 million seniors benefited from enhanced Social Security deductions averaging $7,500.
  • Treasury data also shows 34 million families claimed the increased Child Tax Credit.
  • Bessent highlighted the four reforms Trump campaigned on that became law last year.
  • The report notes ongoing economic pressures like high gasoline prices and inflation as context.
  • The Treasury secretary urged workers to update withholding to reap benefits immediately.
  • The piece links overtime policy to broader political coverage of President Trump and national politics.
  • The NY Post article frames the tax changes as benefiting a broad swath of taxpayers through multiple reforms.
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#8
Bessent says Trump tariffs could return by July after Supreme Court setback
#8 out of 8100.00%
politics3h ago

Bessent says Trump tariffs could return by July after Supreme Court setback

https://www.foxnews.com/politics/bessent-says-trump-tariffs-could-return-july-after-supreme-court-setback
Foxnews.com
  • Bessent suggested Trump tariffs could be back in place by the beginning of July, signaling a rapid policy pivot.
  • The remarks followed a Supreme Court ruling that limited the scope of IEEPA authority over tariffs.
  • Administration officials are pursuing Section 301 investigations and other trade tools to sustain tariff pressure.
  • The report notes more than 75 Section 301 investigations initiated recently, far above the long-term average.
  • A 10% global tariff move was previously announced, prompting legal challenges from 24 attorneys general.
  • Officials stress the strategic use of trade law to counter perceived unfair practices abroad.
  • The Trump administration has pursued multiple avenues to keep tariffs in place after the ruling.
  • Analysts and policymakers debate the legality and economic impact of renewed tariffs.
  • The piece frames tariffs as a central tool for the administration’s economic policy amid judicial scrutiny.
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