Foreign holdings of US Treasuries drop $72.1 bn in June
Foreign holdings of US Treasuries fell by $72.1 billion in June from May, standing at $9.3 trillion, according to data released by the US Treasury Department on Monday. This marks a decline…
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Iran deal expires today, Trump threatens new economic sanctions
A memorandum of understanding aimed at ending the war between the US and Iran expires Monday, with no sign of extension. The agreement, signed in June after Pakistan-hosted talks, has been disputed…
US Treasury readies unprecedented Iran sanctions push
Treasury Secretary Scott Bessent says the US is preparing economic measures against Iran that will have 'never been seen' before, according to The Economic Times. Critics have received the claim with scepticism,…
Elizabeth Warren asks Bessent to justify Trump’s yen intervention
Senator Elizabeth Warren has pressed Treasury Secretary Scott Bessent to explain the Trump administration's justification for intervening in the yen. In a letter dated August 13, the senior Democrat on the Senate…
US warns of unprecedented Iran economic measures, oil rises
US Treasury Secretary Scott Bessent has said the Trump administration will announce next week 'measures like have never been seen in the history of economic isolation' against Iran, as the war in…
US Treasury proposes new Trump Account paycheck rules
The US Treasury and IRS have proposed rules allowing employers to contribute up to $2,500 tax-free each year to employees’ Trump Accounts for dependent children. Workers can also make pre-tax payroll deductions…
Bessent moves to calm bond market as yields hit 19-year high
US Treasury Secretary Scott Bessent has taken several steps in the past week to stem rising bond yields, including intervening in currency markets to support the Japanese yen for the first time…
US Treasury freezes Trump donor’s Venezuela oil assets
The US Treasury has frozen assets of Florida oil billionaire Harry Sargeant III's offshore company, which operates in Venezuelan oil ventures. Sargeant, a major Republican donor, once served as a key backchannel…
US lifts sanctions on Iraq’s Fly Baghdad airline
The United States has lifted sanctions on Iraq's Fly Baghdad airline and two of its aircraft, according to an update on the Treasury Department's website, while maintaining sanctions against Basheer Abdulkadhim Alwan…
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