Ankara, July 7 (IANS) US President Donald Trump on Tuesday said his administration would remove sanctions on Syria, describing the country as a friend and crediting Turkish President Recep Tayyip Erdogan with helping improve relations with Syria’s new leadership.The announcement came during Trump’s meeting with Erdogan in Ankara ahead of the North Atlantic Treaty Organisation (NATO) Summit, where the two leaders discussed regional security, Iran and bilateral ties.”We’re going to be taking the s…
Latest Scott Bessent News & Updates
Washington, July 7 (IANS) Some of America’s biggest corporations and financial institutions lined up behind President Donald Trump’s newly launched Trump Accounts programme, pledging financial support and describing it as an initiative that could broaden wealth creation for future generations.The White House event brought together executives from Wall Street, Silicon Valley and major American corporations, signalling rare public backing from business leaders for a government-backed investment pr…
Washington, June 22 (IANS) The United States has imposed fresh sanctions on two Hezbollah-aligned Lebanese officials and a network of business associates accused of supporting the Iran-backed group, saying the move is aimed at weakening what Washington described as the biggest obstacle to Lebanon’s recovery and stability.In a statement, the US State Department said the action targets “two Hezbollah-aligned Lebanese officials, as well as members of a Hezbollah business network overseen by US-…
Washington, June 13 (IANS) US Treasury Secretary Scott Bessent said President Donald Trump’s push for “energy dominance” is central to the administration’s efforts to strengthen the economy, boost manufacturing and enhance national security, arguing that abundant domestic energy will be critical to winning the global race in artificial intelligence and advanced industries.Speaking at the Petroleum Club of Houston on Friday, Bessent described energy as the foundation of the administration’s econo…
Washington, June 12 (IANS) First Lady Melania Trump launched a new financial initiative aimed at helping children in foster care build savings and assets before they reach adulthood, describing it as a step towards expanding economic opportunity for some of the country’s most vulnerable young people.The programme, called Fostering the Future Accounts, will allow state child welfare agencies to open savings and investment accounts on behalf of eligible children in foster care, under new federal g…
Tehran, June 8 (IANS) Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf has warned of targeting US bases and assets in the region.”They (US) are neither committed to a ceasefire nor believe in dialogue, and by demonstrating through the naval blockade and violation of agreements regarding Lebanon that they only understand the language of power,” Ghalibaf on Sunday wrote on X.”The naval blockade against the Iranian nation and America’s green light today to the Zionist regime…
Washington, June 5 (IANS) The United States on Friday announced sweeping sanctions against a network accused of shipping Iranian-origin liquefied petroleum gas (LPG) disguised as Omani fuel to buyers across South and East Asia, including Bangladesh, while also targeting an Iranian foreign exchange company accused of moving hundreds of millions of dollars on behalf of sanctioned Iranian banks.The action was announced by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), …
Washington, June 5 (IANS) The Trump administration is investigating reports of continued Chinese involvement in US manufacturing projects receiving federal tax incentives, US Treasury Secretary Scott Bessent told lawmakers on Thursday, signalling heightened scrutiny of Beijing’s role in sectors Washington considers strategically important. Bessent disclosed the review during a hearing before the House Ways and Means Committee after lawmakers raised concerns that some companies benefiting from US…
Washington, June 5 (IANS) US Treasury Secretary Scott Bessent and senior Republican lawmakers on Thursday highlighted what they described as growing success in reducing US economic dependence on China, citing a shrinking trade deficit, expanding domestic manufacturing and new efforts to protect American industries from Chinese competition. During a House Ways and Means Committee hearing on the administration’s economic policies, Republicans argued that US President Donald Trump’s trade and tax a…
Washington, June 5 (IANS) US Treasury Secretary Scott Bessent on Thursday defended the Trump administration’s handling of the economy amid mounting criticism over rising fuel and consumer prices, telling lawmakers that inflationary pressures linked to the conflict involving Iran were temporary and would ease once the situation stabilised. The issue emerged repeatedly during a lengthy and often heated hearing before the House Ways and Means Committee, where Democratic lawmakers argued that the co…