Scott Bessent

President Donald Trump has announced the formation of a White House Task Force for the 2028 Summer Olympics in Los Angeles. The task force includes several prominent Republicans to coordinate federal preparations for the Olympic Games, which are set to begin in July of that year. Trump issued an executive order establishing the task force […]

The US Treasury Department recently announced new sanctions against Mexican banks allegedly helping cartels finance and profit from their criminal activities.  Specifically, Treasury is sanctioning the banks for assisting Mexican gangs to launder profits gained through fentanyl trafficking.  Treasury’s Financial Crimes Enforcement Network (FinCEN) identified three Mexico-based financial institutions “as being of primary money laundering […]

As the May 27 deadline approaches for U.S. and European energy companies to cease operations in Venezuela, Chinese firms are rushing to fill the vacuum in the oil-rich South American nation, significantly reshaping regional geopolitics and energy markets. Chevron, Repsol, Eni, and Maurel & Prom must exit Venezuela by month's end following the U.S. Treasury […]

President Donald Trump continues pressuring Iran amidst ongoing negotiations over the latter’s nuclear weapons development programs.  President Trump recently began negotiations with Iran to halt their development of nuclear weapons. The negotiations began as Trump directed the White House to execute a “maximum pressure” campaign against Iran. Since then, the Trump administration has leveraged American […]

The US Treasury Department recently announced a series of sanctions aimed at deterring illicit Houthi purchases of Russian goods such as weapons and stolen Ukrainian grain. Sanctions target a group of Russia-affiliated individuals and entities allegedly cooperating with Sa’id al-Jamal, a top Houthi financial official which the Treasury Department claims is backed by Iran’s Islamic […]