Also known as: Treasury Secretary Scott Bessent · US Treasury Secretary Scott Bessent · Secretary Bessent
US Treasury Secretary managing G20 diplomacy on trade, Iran sanctions, and bond yield concerns.
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Joy Online
… In announcing the fine, the third-largest the department has ever imposed, Treasury Secretary Scott Bessent said: “When a bank of this size fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the entire US …
Bank of America hit with $1.2bn fine for money laundering failingsJoy Online
… Trump’s Treasury Secretary Scott Bessent told Fox News the agreement would work through existing legal channels the US has to help bring prices down and that anyone in Congress who said it would not was wrong. …
Trump faces growing backlash over plans to import diesel from RussiaJoy Online
… Meanwhile, Treasury Secretary Scott Bessent said on Saturday that economic pressure from the US was taking a toll on Tehran. …
Iran says it will wait for official US response after Trump rejects Strait of Hormuz proposalJoy Online
… On Wednesday, US Treasury Secretary Scott Bessent said a year-long trade “truce” between the two nations that had kept tariffs lower would be extended another two months. …
Xi visit to Washington all pomp but little progress so farJoy Online
… Also on Wednesday, US Treasury Secretary Scott Bessent announced that the US and China will extend their trade truce to January. …
Trump offers warm welcome as China’s Xi arrives for US visitJoy Online
… Ahead of the Trump-Xi summit, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng discussed establishing a mechanism to notify authorities of serious AI incidents. …
AI superpower ambitions take centre stage as Trump and Xi meetJoy Online
… On Sunday, US Treasury Secretary Scott Bessent met with his Chinese counterpart He Lifeng and said the two had “very successful” talks on trade and AI. …
White House to roll out the red carpet for historic Xi Jinping visitJoy Online
… US Treasury Secretary Scott Bessent confirmed officials were assessing “whether a full or partial ban would work” without disrupting refinery capabilities. …
Trump says he would back ban on diesel exportsJoy Online
… US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held talks in New York on Sunday as they try to strike deals on AI, tariffs and critical minerals. …
Nvidia boss rejects AI extinction fears as ‘doomsday narratives’Joy Online
… The US has been buying back bonds in a bid to drive Treasury yields down, with Treasury Secretary Scott Bessent calling the intervention “successful”. …
US borrowing costs hit highest level since 2007The US Treasury Department fined Bank of America $1.2bn for failing to detect and report over $5bn in suspicious activity, including transactions potentially involving Chinese money laundering networks and trade-based laundering linked to the southwest border.
14 October 2026 · Joy Online →
The US Treasury Department fined Bank of America $1.2bn for failing to detect and report over $5bn in suspicious activity, including transactions potentially involving Chinese money laundering networks and trade-based laundering linked to the southwest border.
14 October 2026 · Joy Online →
US President Trump announced plans to import 300,000 tonnes of diesel immediately from Russia, with additional shipments of 500,000 tonnes in November and further volumes later, citing lower prices for Americans. The move has drawn criticism from Republican and Democratic lawmakers who believe it violates recent US sanctions legislation, and Ukrainian President Zelensky called it a gift to Putin that invests in the ongoing war.
12 October 2026 · Joy Online →
Iran's Foreign Minister Abbas Araghchi said the country will await an official US response after President Trump rejected a proposal to reopen the Strait of Hormuz to commercial shipping within seven days. Araghchi noted that Trump has made contradictory statements, while Trump claimed the US already has "total control" of the strait and rejected the deal as unacceptable.
27 September 2026 · Joy Online →
Chinese President Xi Jinping's visit to Washington has featured ceremonial welcomes and diplomatic courtesies, including gifts of pandas and a student exchange programme, but little visible progress on substantive issues including security, technology, and artificial intelligence.
24 September 2026 · Joy Online →
US President Trump welcomed Chinese counterpart Xi Jinping at Joint Base Andrews with a military flyover and 100ft red carpet, marking Xi's first visit to Washington since 2015. The three-day summit is expected to cover AI, the Iran war, Taiwan, and trade negotiations.
24 September 2026 · Joy Online →
US President Trump has been explicit about his AI ambitions and views China as the main rival, while Xi Jinping appears to hold a similar view of AI as a power maximiser. The article notes that when the two presidents meet on Thursday, their AI ambitions and decisions will be among the most important topics discussed, with implications for the whole world.
24 September 2026 · Joy Online →
US President Donald Trump will host Chinese leader Xi Jinping in Washington this week, with AI, trade, and Taiwan on the agenda. Xi's visit marks his first state visit to the US in nearly a decade and occurs as a US-China trade agreement set to expire in November is expected to be discussed.
23 September 2026 · Joy Online →
US President Donald Trump said he would support halting American diesel exports to ease pump prices for drivers, with US Treasury Secretary Scott Bessent confirming officials are assessing whether a full or partial ban would work without disrupting refinery capabilities.
22 September 2026 · Joy Online →
Nvidia CEO Jensen Huang has rejected warnings that AI could lead to human extinction by 2030, calling such claims "doomsday narratives" not grounded in science and describing them as unnecessary and irresponsible. Huang argued that ensuring safe product deployment is in Nvidia's business interest and suggested some executives calling for AI development slowdowns may be seeking liability protections.
21 September 2026 · Joy Online →
The US government's 10-year Treasury yield rose to 5.04%, its highest since 2007, driven by oil price surges and inflation concerns stemming from regional tensions. Rising global bond yields reflect expectations of higher interest rates to combat inflation, though President Trump opposes rate increases.
15 September 2026 · Joy Online →
China's foreign ministry has criticized "threat narratives" around AI governance and called for international cooperation to advance AI in an open and inclusive manner, as tensions rise between the US and China over AI development priorities and regulation.
14 September 2026 · Joy Online →
The US Mint launched a $1 coin featuring Donald Trump's portrait to celebrate America's 250th anniversary, overcoming a federal ban on living presidents appearing on US currency through a design clause in anniversary legislation. The coins are not being put into circulation but may be used as legal tender, and sold out within hours of going on sale.
4 September 2026 · The Chronicle →
The US Mint launched a commemorative $1 coin featuring Donald Trump's portrait to celebrate America's 250th anniversary, making him the first living president to appear on US currency in a century. Federal law typically bars printing US money with images of living persons, though Trump allies in Congress have introduced legislation to make an exception.
3 September 2026 · Joy Online →
Iran launched ballistic missile attacks on US military bases in Iraq and Jordan following American strikes that killed four people, including a child, in a home during a wedding celebration in Sirik, southern Iran. The Jordanian Armed Forces said it intercepted 13 ballistic missiles with no resulting deaths or injuries, while Iran's semi-official media reported the retaliation was in response to the US attack on the wedding site.
2 September 2026 · Joy Online →
U.S. Treasury Secretary Scott Bessent is pressing G20 finance leaders to shrink global trade imbalances, boost growth, and sever business ties to Iran while managing concerns about U.S. debt and bond yields. The meeting in Asheville, North Carolina comes amid uncertainty over Trump tariffs, trade tensions with Canada, and the Iran war's impact on global growth.
30 August 2026 · Joy Online →
China's foreign ministry said it opposes US plans to widen economic sanctions against Iran and its trading partners, including Beijing, and will take "all necessary measures" to protect its rights. US Treasury Secretary Scott Bessent described the sanctions as "the single greatest financial offensive ever" against Iran and warned that any nation financially partnering with Iran would be isolated.
25 August 2026 · Joy Online →
Oil prices slipped more than $2 a barrel on Monday as investors took profits after recent gains, with Brent crude settling down 2.35% to $92.17 and U.S. West Texas Intermediate crude falling 2.35% to $85.01, despite new U.S. sanctions on Iran announced by Treasury Secretary Scott Bessent.
24 August 2026 · Joy Online →
US Treasury Secretary Scott Bessent has threatened Iran with "the single greatest financial offensive ever," saying the US would sever all economic ties and isolate any nation partnering with Iran financially. Iran has dismissed the threat and warned it would shut down all oil exports from the region if the war continues, while also restricting shipping through the Strait of Hormuz.
24 August 2026 · Joy Online →
Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of a U.S. announcement on new Iran sanctions that may disrupt Middle East supplies. Brent crude fell 1.29% to $93.17, while U.S. West Texas Intermediate crude dropped 1.38% to $85.86.
24 August 2026 · Joy Online →
Oil prices edged up on Friday after the United States threatened an indefinite naval blockade of Iran, offsetting earlier bearish signals from weaker demand outlook and large US stock builds. Brent crude rose to $87.08 a barrel and WTI to $81.31 a barrel, with both benchmarks tracking weekly gains of about 4%.
14 August 2026 · Joy Online →
US President Donald Trump secretly exited Air Force One on 8 July in Turkey via a catering truck to board a different military plane over security concerns involving Iran, while cabinet members including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent remained on the decoy aircraft to maintain the line of succession.
13 August 2026 · Joy Online →
Two US cabinet members and other officials remained aboard a decoy Air Force One in Turkey last month while President Trump secretly exited via a catering truck to board a separate military aircraft over Iran security concerns, according to CBS News. The officials stayed behind to maintain the line of succession.
12 August 2026 · Joy Online →
US President Donald Trump secretly exited Air Force One in Turkey on July 8 and boarded a different military plane over security concerns involving Iran, while Secretary of State Marco Rubio and Treasury Secretary Scott Bessent remained on the original aircraft to maintain the presidential line of succession, CBS News reports.
12 August 2026 · Joy Online →
President Trump confirmed he secretly swapped planes while leaving a NATO summit in Turkey in July after US officials detected a credible Iranian threat to fire a missile at the aircraft. Trump said he followed Secret Service and military advice to board a different military jet instead of Air Force One, which had been boarded in public view.
12 August 2026 · Joy Online →
The U.S. Treasury Department announced new guidance expanding incentives for employers to offer paid family leave by allowing them to claim a tax credit if they pay insurance premiums to cover leave costs, broadening eligibility beyond employers that pay wages directly during leave.
7 August 2026 · Joy Online →
Oil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
5 August 2026 · Joy Online →
Oil prices fell to a three-week low after US officials announced progress in talks with Iran to reopen the Strait of Hormuz, with Brent crude dropping nearly 5% to under $80 a barrel. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent said talks had progressed and a deal could be agreed as soon as this week.
4 August 2026 · Joy Online →
Japan and the US have confirmed a joint intervention last week to halt the yen's slide to a 40-year low, marking their first coordinated action since 2011. Both countries' finance officials said they will not hesitate to conduct more joint interventions in the future.
4 August 2026 · The Chronicle →
Japan and the US jointly intervened last week to halt a decline in the yen after it weakened to a fresh 40-year low. The joint intervention is the first since 2011, and both countries' finance officials said they will not hesitate to conduct coordinated interventions in the future.
3 August 2026 · Joy Online →
US President Donald Trump said his administration is considering asserting greater authority over artificial intelligence tools following recent cybersecurity incidents involving OpenAI, while emphasizing the need to ensure the US leads in the technology and does not fall behind China.
30 July 2026 · Joy Online →