The Latest Breaking News from Scott Bessent

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

SEC Chair Paul Atkins said the ongoing government shutdown is starting to impact U.S. markets but highlighted that the agency remains partially operational to keep essential functions running.

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts