Tag: Scott Bessent
Treasury targets Somali-linked fraud in Minnesota amid terrorist financing concerns
The U.S. Treasury has launched an enforcement campaign targeting Somali-linked fraud networks in Minnesota, unveiling enhanced financial surveillance, overseas remittance restrictions, and multiple federal...
Treasury, IRS crack down on Somali fund transfers while probing ‘massive...
Treasury Secretary Scott Bessent announced on Dec. 12 that his agency soon will subject certain money-transfer businesses to “enhanced reporting requirements” to enable greater...
Treasury to probe whether Somali terror group al Shabaab receiving Minnesota...
(Just the News) -- Treasury Secretary Scott Bessent announced an investigation into Somali terror group al Shabaab allegedly receiving Minnesota welfare money.
"At my direction, @USTreasury is...
China agrees to buy 25 million metric tons of US soybeans...
China has agreed to buy 25 million metric tons of American soybeans annually for the next three years—including 12 million tons during the current...
Economy surges six months into Trump term despite gloomy predictions
(Daily Caller News Foundation) -- Some recently released data has spelled good news for parts of the American economy thus far in President Donald...
Tariff windfall drives surprise $27 billion US budget surplus in June
New data from the Treasury Department show that surging tariff revenues in June helped the U.S. government post an unexpected budget surplus of $27...
Scott Bessent says Trump’s goal was always to get trading partners...
(Daily Caller News Foundation) -- Secretary of the Treasury Scott Bessent told reporters Wednesday that President Donald Trump’s goal was to have major trading...