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The Latest Breaking News from Scott Bessent

Rachel Reeves ‘clashed’ with US treasury secretary over Iran war

IN FULL

The Independent UK

Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism

Ms Reeves reportedly hit back that she did not work for the US treasury secretary

The Independent UK

No 10 does not deny Chancellor rowed with US counterpart in Washington meetings

Rachel Reeves had a fierce confrontation with Scott Bessent when she visited the US capital for the IMF’s spring meetings, according to reports.

Evening Standard

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Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April

The Guardian - UK

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

The Guardian - UK

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Fortune

3 Ways Kevin Warsh Will Change the Fed

The Senate has confirmed President Trump's nominee, and though he can't cut rates all by himself, there are three things Kevin Warsh can do to change the Fed.

Kiplinger

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Losing A Spouse Comes With A Tax Shock — The Hidden 'Widow's Penalty' Few See Coming

Surviving spouses in the US face financial challenges due to the widow's tax penalty, impacting tax brackets, Medicare premiums, and Social Security.

International Business Times UK

Warren Buffett says markets are like a church with a casino attached, but 'we've never had people in a more gambling mood than now'

"But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."

Fortune

'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…

The Times of India

Iran-US war latest: Trump again declares ‘we’ve already won’ as he pressures Tehran to make a deal

President Donald Trump said even though the U.S. has ‘already won,’ he wants to win by a ‘bigger margin’

The Independent UK

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

Fortune

US won't renew Iranian and Russian oil waivers, Bessent says

Treasury Secretary Scott Bessent says the U.S. does not plan a third renewal of a waiver allowing the purchase of Russian oil that is currently at sea

The Independent UK

U.S. Freezes $344 Million In Crypto Tied To Iran Amid Escalating Regional Tensions

The Trump administration has frozen about $344 million in cryptocurrency it says is linked to Iran, stepping up financial pressure on Tehran as tensions between the countries continue.

International Business Times

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The Independent UK

US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil

The Trump administration is sanctioning a major China-based oil refinery and about 40 shipping companies

Axios

How a swap line for Persian Gulf allies would break with the past

"Many of our Gulf allies have requested swap lines" and seemed receptive to their use, said Treasury Secretary Scott Bessent.

International Business Times UK

How Did David Scott Die? Cause of Death, Advocacy and The Remarkable Life Of a Georgia Congressman

David Scott, the veteran Georgia congressman and former House Agriculture Committee chair, has died at 80 after more than two decades in Washington.

Euronews

EU agrees fresh sanctions on Russia but leaves maritime services ban on hold

Due to Greece and Malta's concerns, the full ban on maritime services will be left on hold pending an agreement at the G7 level. The US, however, is going in the opposite direction by providing sanctions relief to Russia.

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The Guardian - AU

Erdogan says Iran war ‘starting to weaken Europe’ – as it happened

This blog is now closed

Euronews

EU optimistic about ending Hungary's veto on €90 billion loan for Ukraine

Brussels is ready to move on with the €90 billion loan for Ukraine as soon as Hungary removes its controversial veto. The resolution could also pave the way for the adoption of a new package of sanctions against Russia.

International Business Times UK

Donald Trump Was 'Out Cold', Seen With Eyes Shut During His Own Campaign Roundtable

Donald Trump appeared to nod off during a live broadcast in Las Vegas, sparking speculation about his health. The event was meant to promote his tax-free tips policy.

Euronews

US Labour Secretary Chavez-DeRemer quits amid misconduct probe

Us labour secretary Lori Chavez-DeRemer quits Trump cabinet amid misconduct probes, including alleged affair with a subordinate and misuse of staff.

International Business Times UK

Scott Bessent's Tax Withholding Hack For Bigger Paychecks Could Backfire — Experts Warn Of Costly Mistakes

US Treasury Secretary Scott Bessent advises Americans to update withholdings for 2026 to receive bigger paychecks, but experts warn against hasty changes, highlighting penalties.

International Business Times UK

White House Official Reveals Strategy Behind Trump's Bizarre Posts, Says 'He Came Up With the Idea Himself'

Treasury Secretary Scott Bessent called Trump's controversial social media posts 'part of his personal strategy' as backlash mounts from allies.

The Guardian - UK

‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington

Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices

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