Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
U.S. Treasury nominee Scott Bessent on Thursday faced sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.
Trump Treasury Nominee Scott Bessent: More Sanctions Could Bring Russia "To The Table" On Ukraine
Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is "perplexed" that the Biden administration did not impose more sanctions and tariffs on Russia's economy.
Trump's Treasury pick Bessent calls for stronger sanctions on Russia over Ukraine war
President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent, said he "100%" supports raising sanctions on Russian oil producers if the future president requests doing so.
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela,
Trump’s Treasury Pick Will Face Grilling on Taxes, Tariffs, Sanctions and More
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.
Trump Treasury pick Bessent backs Fed independence, dollar, sanctions on Russian oil
President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector.
Updates From Trump Treasury Pick Bessent's Confirmation Hearing
More than any other nominee, Bessent’s responsibilities are at the heart of Trump’s economic agenda, and he can expect probing questions from the committee’s members, all of whom are well-versed on financial matters and have strong opinions on trade, taxes, debt, sanctions and other areas under Treasury’s remit. The panel also includes some of the most senior members of both parties, including Senator John Thune, who was recently elected Senate Majority Leader. Thune will be a key player in shepherding Trump’s agenda through Congress, where the president can afford to lose the votes of only three of his party’s 53 senators in the chamber.
New US sanctions target Sudan’s warring military leader
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Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...
‘This wasn’t on my bingo card’: shock over last-minute Biden sanctions deal with Cuba
Hundreds of prisoners set to be released as part of agreement with outgoing Biden administration that removes Cuba from ...
US steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia
The U.S. Treasury Department is expanding the web of sanctions on companies and institutions supporting Russia’s war efforts ...
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Biden Administration Issues Sweeping Salvo of Sanctions Against the Russian Energy Sector
On January 10, 2025, in a final action to, among other things, deter Russian aggression on the international stage, the US ...
US cracks down on North Korean IT worker army with more sanctions
The U.S. Treasury Department has sanctioned a network of individuals and front companies linked to North Korea's Ministry of ...
Exclusive-US to impose sanctions on Sudanese army chief Burhan
The United States will impose financial sanctions on Thursday on Sudan's leader, army chief Abdel Fattah al-Burhan, three ...