Scott Bessent

US national debt tops $40 trillion for first time, doubled under presidents Trump, Biden

The federal government's IOU has now more than doubled in less than a decade, from $19.95 trillion when US President Donald Trump was sworn in for the first time in January 2017.

The US Department of the Treasury Building in Washington, DC, US, July 11, 2026.
Judge Tomoko Akane arrives prior to the announcement of the International Criminal Court (ICC) verdict that sentenced Malian Jihadist police chief Al Hassan Ag Abdoul Aziz Ag Mohamed Ag Mahmoud to 10 years in jail for war crimes and crimes against humanity.

US imposes sanctions on ICC President Tomoko Akane, Treasury Department confirms

U.S. Vice President JD Vance speaks next to Treasury Secretary Scott Bessent and acting Attorney General Todd Blanche during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026.

US Treasury Secretary Bessent says US to apply measures 'never seen before' on Iran

(File Photo) Marco Rubio and Scott Bessent arrive before US President Donald Trump, First Lady Melania Trump, Britain's King Charles III and Queen Camilla participate in an arrival ceremony on the South Lawn of the White House in Washington, DC, on April 28, 2026.

Senators press Rubio, Bessent on lack of counter-evasion sanctions on Russia


US targets UAE-based crypto exchange over alleged Iran sanctions evasion scheme

“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement.

 The bear market in crypto erased $2 trillion in market value and led to several bankruptcies among crypto firms like Celsius, Voyager Digital and Three Arrows Capital, among others.

New Iran-related sanctions targeting tankers issued by US Treasury Department

“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” said Treasury Secretary Scott Bessent.

A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran; Illustrative.

Trump signature to appear on US currency, ending 165-year tradition

The first $100 bills bearing Trump's signature and those of US Treasury Secretary Scott Bessent will be printed in June, followed by other denominations in subsequent months.

US President Donald Trump writes his signature, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, DC, US, April 9, 2025.

US has 'plenty of money' to fund war in Iran, Treasury Secretary Scott Bessent says

US President Donald Trump has not yet sent a request for the Senate and House of Representatives to approve additional funding, and his administration has made clear that the number could change.

US Treasury Secretary Scott Bessent looks on as he speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026