Standing at a podium to tout the Trump administration’s “fraud task force” achievements on Friday, Treasury Secretary Scott Bessent told a reporter that it would be a “waste of our time” to investigate ICE’s recent purchase of a prison from a private company for hundreds of millions of dollars over a prior asking price. Bessent responded sternly when a reporter suggested at a press conference…
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As U.S. President Donald Trump’s administration tightens its repressive measures against Iran, Iranian students and applicants of English proficiency tests have become the latest targets of a campaign by the White House to severely constrain Iran’s connections with the rest of the world. With the war on Iran nearing the end of its seventh month, the U.S.-Israeli bombing operations have been…
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Treasury Secretary Scott Bessent said on Monday that the U.S. is slated to unleash new sanctions aimed at cutting off Iranian airlines from global travel, once again leveraging the U.S.’s vast power over the global financial system to further isolate Iran as the energy crisis spurred by the war rapidly worsens. “On September 23rd, all the Iranian airlines, all the Iranian airlines will be…
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The Trump administration has finalized a rule that will allow shell companies and other questionable entities to conceal their ownership from federal investigators, in a move that critics say will only further facilitate corruption in the U.S. The Treasury Department’s Financial Crimes Enforcement Network announced on Tuesday that it is ending the regulation that requires companies to…
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The U.S. Treasury Department announced that it is expanding its sanctions regime, known as “Economic Fury,” against Iran on Tuesday, escalating the administration’s economic warfare against the country just hours before President Donald Trump announced an extension of the ceasefire in Iran. The administration said it is sanctioning 14 individuals and entities that it claims are involved in…
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If President Donald Trump is successful in his lawsuit to sue the Internal Revenue Service (IRS) for $10 billion over the leak of his tax returns, U.S. taxpayers will be footing the bill, Treasury Secretary Scott Bessent confirmed on Thursday. In a hearing by the Senate Banking Committee, Sen. Ruben Gallego (D-Arizona) asked, “let’s say, for some reason, he actually wins that lawsuit…
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