US Treasury Secretary
Coverage of US Treasury Secretary in the Nexus archive.
- US treasury secretary says deal with Iran to reopen Hormuz could be sealed by Wednesday
The US Treasury Secretary indicates a potential deal with Iran to reopen Hormuz could be finalized by Wednesday. An emerging Iran-Oman agreement grants Tehran unprecedented control over the waterway, while sources report the US has used nearly all its long-range precision missiles in the ongoing conflict.
- Bessent Says Yen Level Problematic for Japan, Other Currencies
Treasury Secretary Scott Bessent stated that the weak yen has worsened Japan's inflation and increased the risk of depreciation in Asian currencies. The U.S. expressed support for efforts to stabilize the situation.
- Here it comes
The government approved Rs255 billion in subsidies for exporters, potentially violating IMF program commitments that prohibit new fiscal incentives. Two schemes, the Long-Term Export Growth Financing Facility and the repackaged Exim Bank Export Finance Scheme (E-EFS), breach IMF restrictions on subsidies and guaranteed returns, despite claims of compliance with quantitative caps.
- Here come the dollars
Pakistan's government is seeking a $10 billion swap line from the US Exchange Stabilisation Fund and has engaged in financial transactions with the UAE and Saudi Arabia to inject dollars into the economy. The country secured a credit rating upgrade from Standard & Poor’s and is negotiating a $6.7 billion oil facility with Saudi Arabia.
- US actions clear breach of commitments, Aragchi says
Iranian foreign minister Abbas Araghchi accused the U.S. of breaching commitments under an interim agreement, citing violations including the U.S. Treasury Secretary's actions against Para 9 of the MoU. He emphasized the need for mutual compliance.
- US Plans to Use Frozen Iranian Assets to Fund Persian Gulf Recovery Efforts
The US plans to use frozen Iranian financial assets to fund reconstruction in Persian Gulf nations impacted by Iranian military strikes. US Treasury Secretary Scott Bessent's agency is evaluating damage estimates to address compensation for past and future aggression, amid recent missile interceptions over Kuwait and Bahrain.
- US Treasury secretary confirms plans for banknote featuring Trump’s face
US Treasury secretary confirms plans for a banknote featuring Donald Trump's face. The proposed $250 bill would be the first to feature a living person on US currency in over a century.
- Video: US calls on G7 to impose US-led sanctions on Iran
The US Treasury Secretary is calling on the G7 to impose US-led sanctions on Iran. The US is leading the effort to impose sanctions. The goal is to join the US in imposing sanctions on Iran.