Washington, Feb 5 (IANS) The United States has defended its sanctions-led foreign policy toward Iran and Myanmar, with Treasury Secretary Scott Bessent telling lawmakers that economic pressure remains a central pillar of Washington’s national security and global financial stability strategy. Testifying before the House Financial Services Committee on the Financial Stability Oversight Council’s 2025 annual report on Wednesday (local time), Bessent said the Trump administration continues to pu…
Latest Treasury Secretary Scott Bessent News & Updates
Washington, Feb 5 (IANS) The United States is moving to revive small and community banks, arguing that years of heavy regulation weakened local lending and slowed economic growth, Treasury Secretary Scott Bessent told Congressmen. Testifying before the House Financial Services Committee on Wednesday (local time), Bessent said community banks are critical to small businesses, agriculture, and housing, but have steadily disappeared since the global financial crisis.“More than 50 per cent of comm…
Washington, Feb 4, (IANS): US Secretary of State Marco Rubio on Wednesday warned that global supply chains for critical minerals remain dangerously concentrated in the hands of a single country, calling the situation a geopolitical risk as Washington launched a fresh push to diversify sourcing with 55 international partners. Addressing reporters at the Critical Minerals Ministerial, Rubio said the initiative was aimed at reducing vulnerabilities that threaten economic growth, technological innov…