Treasury Secretary Scott Bessent gets an ovation at the Texas GOP convention in Houston, says Gavin Newsom is “in over his hair plugs, blasts Biden for bringing the U.S. to the”brink of ruin” and assails the “radical left.” He said political remarks were in a personal capacity.
Treasury Secretary Scott Bessent at Reagan economic forum on US inflation: "It's been less than $200 in extra gasoline costs. All the Democrats want to talk about now is beef and gasoline."
Scoop: Lawyers at the IRS prepared a 25-page memo recommending that DOJ move to dismiss Trump's lawsuit against the agency.
DOJ instead settled the case by creating the $1.776 billion "anti-weaponization" fund.
At the @G7 Finance Ministers meeting, I had constructive discussions with my counterparts on the global economy, global imbalances, cybersecurity, the terrorist threat posed by Iran, and critical minerals.
Thank you, Minister @RolandLescure, for hosting us in Paris.
Scoop: The top lawyer at the Treasury Department suddenly stepped down on Monday.
Comes in the wake of the Trump admin's $1.776 billion "anti-weaponization fund."
Update from Paris: Bessent extends Russian oil sanctions relief as G7 counterparts call for tougher action against Putin>>
nytimes.com/2026/05/18/busin… via @NYTimes
🇺🇸 Trump might welcome Chinese investment. America might not
▫A pledge for more Chinese investment could face backlash given longstanding national security concerns in the United States
▫@arappeport
▫is.gd/DlUKpq#frontpagestoday@nytimes#USA
This morning, I convened talks with Vice Premier He Lifeng to discuss @POTUS’ upcoming travel to China.
Our meeting was both candid and comprehensive, and I stressed that China’s recent provocative extraterritorial regulations have a chilling effect on global supply chains.
I look forward to a productive summit between President Trump and President Xi in Beijing.
I am amazed that the IRGC has forced the invention of a completely new type of oil trading — in COOKING OIL.
As IRGC leadership tries to funnel more and more money into their offshore accounts, the regime's colossal economic mismanagement of Iran has forced the proud Iranian people to barter to feed their families, and to become dependent on their neighbors.
Under @POTUS, the United States is committed to supporting the freedom and dignity of the Iranian people after 47 years of corruption.
nytimes.com/2026/04/25/world…
Bloomberg scoop @jdorosario
The IMF and Lebanon are discussing options for providing fast-track assistance to help the country absorb the impact of the Middle East war
The conversations are focused on some type of financing instrument that would give Lebanon access to between $800 million and $1 billion, one of the people said
bloomberg.com/news/articles/…