Scott Bessent
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financeBipartisan Senators and White House Forge Deal on Sweeping Russia Sanctions
A bipartisan Senate group and the Trump administration have agreed on a major sanctions bill targeting Russia's energy customers with potential 500% tariffs.
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techTrade Groups Warn White House: AI’s Appetite for Memory Chips Is Starving Critical Industries
Nine US trade associations warned the Trump administration that intervening in the memory chip market could cripple automotive, medical, and broadband sectors amid an AI-driven supply crisis.
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financeKalshi Bets Against Bessent's 3% GDP Growth Target: Just 14% Odds
Prediction market Kalshi gives only a 14% probability to US GDP growth above 3% in 2026, sharply contrasting with Treasury Secretary Scott Bessent's optimistic forecast amid rising inflation and recession fears.
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cryptoFed’s Warsh Opens Door to Rate Hike; Bitcoin Slips Below $65K
After holding rates steady, half of FOMC members eye a hike. New Chair Kevin Warsh reduces forward guidance, aligning with Treasury’s Bessent, while Bitcoin retreats to $64,500.
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financeBessent Pitches Trump Accounts, Names Mamdani Democratic Leader
Treasury Secretary Scott Bessent promotes a government stock ownership program for children, with 5M accounts opened, and declares NYC Mayor Zohran Mamdani the new Democratic leader after primary wins.
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financeJapan Considers Sovereign Wealth Fund to Manage $1.3 Trillion Reserves
After spending a record $73 billion to defend the yen, Japan's draft growth strategy proposes optimizing its $1.3 trillion foreign exchange reserves, potentially creating a sovereign wealth fund, while coordinating with the US to avoid diplomatic tensions.
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financeScott Bessent Backs Kevin Warsh and Bets on Disinflation as Iran Conflict Cools
Treasury Secretary Scott Bessent supports Fed Chair Kevin Warsh, predicting disinflation after Iran conflict resolution, a scenario that could ease monetary policy and benefit risk assets.
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cryptoUS Treasury Escalates Fight Against Southeast Asian Crypto Scams
US Treasury intensifies sanctions against Southeast Asian fraud networks, with losses exceeding $10 billion in 2024 under Scott Bessent’s leadership.