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The Latest Breaking News from Scott Bessent

Melania Trump announces spinoff of Trump accounts for kids in foster care

The accounts are set to open for contributions on July 4

The Independent UK

US Treasury chief Bessent vows to tap Iran funds for its damage on Gulf allies

Minority shareholders of Jindal Poly Films Limited face a setback. Their class action remedy was reportedly moved to private arbitration without their consultation. This action may have extinguished their rights. Concerns are raised about due process and representation for approximately 40,000 public shareholders. The situation demands immediate protection for these…

The Economic Times

Iran-US war latest: Trump calls off strikes as ‘final points’ of peace deal agreed – but Tehran says otherwise

A formal announcement will be unveiled ‘shortly,’ the Republican president said

The Independent UK

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'Dwarfish Thief!' Iran Mocks America With Shakespeare Quote After Billion-Dollar Crypto Seizure

Iran counters US claims of seizing £740 million in crypto assets with a Shakespearean quote, highlighting ongoing tensions over sanctions and frozen assets amid indirect negotiations.

International Business Times UK

Trump weighs buying another territory after Greenland fiasco: report

Treasury Secretary Scott Bessent reportedly presented Trump with option to buy islands housing Diego Garcia base

The Independent UK

MAGA isn't sold on Trump's face on the $250 bill

Less than half of MAGA supports putting Trump's portrait on a $250 bill.

Axios

Why $250 bills bearing Trump's face are a tough legal sell

We're likely a long way away from Americans carrying Trump dollars in their wallets.

Axios

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Pulte pick sparks a Senate GOP rebellion

The choice for DNI is jeopardizing an extension of the government's surveillance authorities.

Axios

Washington could tap into Iran's frozen billions to pay for Gulf attack damage

The Iranian assets Washington is considering reallocating could include frozen funds, along with ships previously seized by the United States.

Euronews

US weighs seizing Iranian assets to rebuild Gulf states hit by Tehran's attacks

The U.S. plans to redirect Iranian assets to Gulf states for rebuilding and repairs following recent Iranian attacks. Treasury Secretary Scott Bessent is assessing damage costs, with frozen assets potentially used for compensation. This comes amid stalled peace negotiations and renewed skirmishes between the U.S. and Iran.

The Economic Times

Treasury Secretary Refuses To Answer Questions About Trump's Proposed IRS Audit Immunity

Speaking to reporters in the Oval Office on June 3, Trump also declined to clarify whether the compensation fund had been permanently scrapped or merely put on hold.

Latin Times

Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says

Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.

Fortune

Treasury Secretary Sidesteps Questions on Trump IRS Audit Deal After DOJ Signals Protections Still Stand

The Acting AG said on Wednesday that the administration was abandoning plans for a $1.8 billion "Anti-Weaponization Fund" but suggest IRS audit protections for Trump remained intact

Latin Times

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a…

The Independent UK

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Fortune

10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

Fortune

Scott Bessent says America's in a 'manufacturing renaissance' and Wall Street largely agrees. So where are the jobs?

He's not alone. Apollo Global Management Chief Economist Torsten Slok thinks we're living through an "industrial renaissance."

The Independent UK

Bessent says he told Pulte ‘I’m going to kick your a**’ in infamous blow-up

Scott Bessent said that he told Bille Pulte that “I’m going to kick you a**” during a heated argument last year.

The Guardian - US

Graham Platner says allegations of physical abuse of former partner ‘are simply not true’ – as it happened

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The Mary Sue

Frasier Star Kelsey Grammer Claims He Knows Exactly What the Other Candidates Will Do in a Shocking Endorsement for LA Mayor

Grammer has often criticized California’s political leadership, especially Democratic policies.

The Independent UK

Trump’s IRS deal to avoid tax investigations could be in big trouble

ANALYSIS: A federal judge could sanction everyone involved over allegations of ‘serious misconduct’ in the president’s lawsuit against himself, Alex Woodward writes

AAP

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

Treasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund

The Guardian - US

Trump’s intelligence chief pick puts surveillance program renewal in doubt

Democrats say appointment of Bill Pulte could doom bipartisan agreement to renew section 702 of Fisa

International Business Times UK

Changing the Law for Trump: Congress Moves to Overturn Century-Old Ban on Putting Living People on US Cash

Congress is considering whether to overturn a 19th‑century ban on living people appearing on US banknotes so that a new $250 bill can carry Donald Trump's portrait.

Euronews

Higher borrowing costs raise economic and political stakes for Trump

US President Donald Trump faces renewed pressure from rising US borrowing costs as investors price in inflation risks linked to the Iran conflict, tariffs and concerns over long-term government debt.

AAP

Trump is facing a new inflation warning from the bond market, adding to his midterm challenges

The world is getting more uptight about lending money to President Donald Trump's government

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