Washington, March 7 (IANS) US Treasury Secretary Scott Bessent indicated that Washington could temporarily ease some restrictions on Russian oil supplies and allow India to continue purchasing to stabilize global energy markets during the ongoing Middle East conflict.In an interview with Fox Business, Bessent said the United States had already allowed India some flexibility as global supply disruptions pushed prices higher.“The Indians had been very good actors. We had asked them to stop buyin…
Latest US Treasury Secretary Scott Bessent News & Updates
Washington, Feb 6 (IANS) Artificial intelligence has emerged as a priority risk for the US financial system, with Treasury Secretary Scott Bessent telling Congress that regulators are stepping up oversight of how AI is used across markets and institutions.Testifying before the Senate Banking Committee, Bessent said AI is one of four focus areas in the Financial Stability Oversight Council’s 2025 annual report. “The council is prioritizing the responsible use of artificial intelligence to str…
Washington, Jan 16 (IANS) The International Monetary Fund said it would assess Japan’s external sector, including exchange rate issues, during its upcoming Article IV consultation mission, while declining to comment on “day-to-day market movements” in the yen.“We will actually be starting the Article IV Consultation mission with Japan next week,” Julie Kozack, Director of the IMF’s Communications Department, said at the Fund’s press briefing.“The Article IV mission will take plac…
Washington, Jan 14 (IANS) Eminent American trade and strategic advocacy group the US–India Strategic Partnership Forum welcomed India’s participation in the Finance Ministerial on Securing Critical Minerals Supply Chains in Washington, calling it an important step in strengthening US–India cooperation in a critical strategic sector.India was represented at the meeting by Ashwini Vaishnaw, Minister for Railways, Information and Broadcasting, and Electronics and Information Technology. The m…