U.S. Lifts Sanctions On Three Irgc-Linked Entities 

U.S. Lifts Sanctions On Three Irgc-Linked Entities 

Treasury Removes Restrictions on Fly Baghdad After Compliance Review The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has removed counterterrorism sanctions from Iraqi carrier Fly Baghdad and two aircraft that were previously blacklisted over alleged links to Iran’s Islamic Revolutionary Guard Corps, or IRGC. The Treasury updated its Specially Designated Nationals (SDN) list […]

U.S. Backs Japanese Yen As Bessont Signals Currency Intervention 

U.S. Backs Japanese Yen As Bessont Signals Currency Intervention 

Treasury Secretary’s Notes Reveal Plan to Support Yen Washington and Tokyo Coordinate Rare Currency Market Action The United States has stepped in to support the Japanese yen, with U.S. Treasury Secretary Scott Bessent at the centre of the intervention. A photograph taken during a cabinet meeting at Camp David on Friday captured a notepad in […]

U.S. and China Reach Framework for Trade Deal Ahead of Xi-Trump Meeting

U.S. and China Reach Framework for Trade Deal Ahead of Xi-Trump Meeting

Senior U.S. and Chinese economic officials have agreed on the framework of a potential trade deal, setting the stage for a high profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week. The agreement aims to pause new tariffs and ease export restrictions as both nations seek to stabilize their […]

Fed Chair Powell Warns of Higher Inflation, Slower Growth, Unemployment

Fed Chair Powell Warns of Higher Inflation, Slower Growth, Unemployment

The Federal Reserve held interest rates steady but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies. The economy overall has “continued to expand at a solid pace,” the Fed said in a policy statement, […]

Trump Suggests U.S. Debt Might Be Lower Due to Potential Fraud: Administration Scrutinizes Treasury Payments

Trump Suggests U.S. Debt Might Be Lower Due to Potential Fraud: Administration Scrutinizes Treasury Payments

In a surprising statement, President Donald Trump has raised the possibility that the U.S. national debt could be far lower than the reported $36.2 trillion due to potential fraud within the U.S. Treasury’s debt payment processes. Speaking to reporters aboard Air Force One, Trump revealed that his administration is actively investigating debt payments to uncover […]