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The Latest Breaking News from Scott Bessent

South Florida's Palm Beach airport renamed President Donald J. Trump International

A South Florida airport has officially changed its name to the President Donald J

The Independent UK

Sam Altman says OpenAI made ‘many changes’ during talks with US

In an interview with CNBC on Thursday, Altman said the ChatGPT maker had a “collaborative back and forth” with top US officials, including Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, in the weeks leading up to the wide release of GPT-5.6.

The Economic Times

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

Ballotpedia

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Can US President Trump 'cut off all trade' with Spain?

President Trump has ordered a trade embargo against Spain, which includes cutting off all trade. This action stems from ongoing tensions regarding Spain's defense spending contributions to NATO. The U.S. president possesses broad powers under the International Emergency Economic Powers Act for such measures. However, legal experts question if defense…

The Economic Times

Iran deal over, trade cut with Spain, Greenland row back: Trump sets tense tone at Nato summit

The Nato summit was already shaping up to be less about military strategy than managing one man. According to reports, European allies arrived in Ankara determined to avoid a spat with US President Donald Trump, with European leaders focusing on demonstrating higher defence spending and stronger military commitments rather than…

The Times of India

'Wasted cause': Why Trump wants to cut off trade with Spain

US President Donald Trump ordered his Treasury Secretary to cut off all trade with Spain on Wednesday, calling the NATO ally "a wasted cause", "a terrible partner," "hopeless," and "bad people" at a press conference alongside NATO Secretary General Mark Rutte in Ankara.

The Times of India

Trump cuts off US' trade ties with a key NATO partner

US President Trump announced a halt to all trade with Spain. He cited Spain as a poor partner within the NATO alliance. The U.S. leader expressed frustration with Spain's defense spending and base access. Treasury Secretary Scott Bessent received immediate orders to enact the trade restrictions. This action follows past…

The Economic Times

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India renews contract with lobbying firm of Trump's close aide

India has extended its lobbying contract with Jason Miller's firm. The agreement runs through April 2027 with a significant monthly fee. Miller's company provides strategic counsel and government relations assistance. Filings show Miller contacted Trump administration officials regarding trade matters. These outreach activities occurred during ongoing bilateral trade negotiations.

The Economic Times

Trump Accounts Open With $1,000 Free Cash for Every Eligible Baby as Dow Storms Past 53,000 for First Time Ever

President Trump launched a savings scheme for American newborns, offering £749 ($1,000) in seed money, as the Dow Jones closed above 53,000 for the first time. Critics question its benefits.

International Business Times UK

Trump Says First 500,000 'Trump Accounts' Are Funded as Economist Warns There Is 'Nothing to Celebrate' as Kids Will Also Inherit the Debt

On Monday, President Donald Trump said the federal government has deposited the first $1,000 into more than 500,000 newly created “Trump Accounts,” launching a program aimed at giving eligible American newborns an early start in investing.

Benzinga

The Latest: Belgians to challenge FIFA decision to let Folarin Balogun play in World Cup match

The White House says President Donald Trump plans to meet with Ukrainian President Volodymyr Zelenskyy and Syrian President Ahmad al-Sharaa at the NATO summit in Turkey

The Independent UK

Trump rings Wall Street's opening bells as he ties his presidency to stock market gains

President Trump symbolically opened the stock market from the Oval Office, linking his presidency to market gains amid rising inflation. Despite claims of record-setting markets, only 33% approve of his economic leadership. The initiative promotes "Trump Accounts" for children's investments, highlighting that many families lack direct stock exposure, a benefit…

The Economic Times

Elizabeth Warren Slams Trump 'Big Ugly Bill,' Warns GOP Delayed Medicaid Cuts Until After Midterms: 'We Won’t be Fooled'

Sen. Elizabeth Warren (D-Mass.) accused Republicans of structuring President Donald Trump’s tax and spending bill to delay Medicaid cuts until after the midterm elections, arguing the timing was designed to limit political backlash.

Benzinga

Trump, Scott Bessent Push $100 Bill With President's Signature, Say There's 'No More Powerful Way' to Recognize His Achievements

President Donald Trump and Treasury Secretary Scott Bessent promoted a $100 bill featuring Trump’s signature amid the United States’ 250th anniversary, framing it as a recognition of the nation’s history and economic strength.

Benzinga

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Benzinga

Scott Bessent Dismisses Criticism of Trump's $1 Billion Crypto Windfall— Says There's No 'Appearance Problem' With it: 'This is an Innovation Presidency'

On Thursday, Treasury Secretary Scott Bessent dismissed concerns over President Donald Trump’s billion-dollar cryptocurrency earnings.

Benzinga

Trump Wants the US Economy Growing at Over 12% and Says the Fed Keeps Trying To 'Kill It' With Higher Rates

President Donald Trump has advocated for more flexibility in the Federal Reserve’s approach to interest rates and economic growth.

Kiplinger

Why the Trump Account Rollout Is Raising Questions About Social Security

As Social Security barrels toward projected cuts, a newly launched federal savings initiative could privatize the program.

Tom’s Hardware

OpenAI mulling giving US gov't a 5% stake in the company, days after Washington delayed GPT-5.6 — Altman reportedly wants every leading U.S. AI lab paying into an Alaska-style public fund

Altman is understood to have raised the idea with President Donald Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.

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The Guardian - US

US treasury secretary warns oil and gas companies to lower prices: ‘We’re watching’

Scott Bessent says he ‘encourages them to be good actors’ after Trump ranted about prices not dropping fast enough

The Times of India

Grand jury probe launched into Neville Roy Singham's donations to Goldman Sachs' philanthropy fund: Report

Federal authorities in the US have initiated a grand jury investigation focused on businessman Neville Roy Singham's questionable financial activities. The inquiry examines a significant transfer of $285 million from Shanghai to a Goldman Sachs philanthropic fund, and other shell companies.

International Business Times

Trump Eases Pressure On Fed Chair Kevin Warsh As Inflation Climbs, Analysis Claims

The Trump administration is giving new Federal Reserve Chair Kevin Warsh more room to navigate elevated inflation, even as President Donald Trump continues to publicly favor lower interest rates.

The Economic Times

US Stock Market: Bessent applauds Fed communication reset, questions dot plot's relevance

U.S. Treasury Secretary Scott Bessent has backed Federal Reserve Chair Kevin Warsh's push to revamp the Fed's communication strategy, including a review of its widely watched dot plot interest-rate forecasts and forward guidance. Bessent argued that markets have become overly reliant on these projections, which often fail to accurately predict…

The Independent UK

Ukraine-Russia war latest: Zelensky orders 40-day offensive to press Putin to end war

France claims interception of Russian ‘shadow fleet’ oil tanker off Sicily

Fortune

Why Zohran Mamdani's big night as the Democratic party's new kingmaker matters for every Fortune 500 CEO in every city and state

New York City Mayor Zohran Mamdani went three for three in Tuesday's primary elections. What happens next could be a sign for corporate America.

Fortune

Scott Bessent calls Mamdani 'leader of the Democratic Party,' touts weekly Warsh breakfasts and a new push to put every American in the stock market

"Do you want to keep more of your money?" The Treasury Secretary asked on CNBC. "it's not the fringe Democratic left anymore."

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