Facing an increasingly aggressive Iran and a slumping bond market, the Trump administration is betting that Treasury Secretary Scott Bessent can use the financial weapons in the government’s arsenal to achieve victory on both fronts. The idea is to kill two birds with one stone: getting Iran to fully reopen the Strait of Hormuz would
The US treasury secretary has threated Iran with “the single greatest financial offensive ever”, claiming the US-Israel war with Iran was “entering its endgame”. Scott Bessent said the US would sever all economic ties with the country in “an economic D-Day” and that any nation partnering with Iran financially would also be isolated. Bessent’s threat
The bond market is one of the few forces in the world strong enough to get politicians to snap to attention. It also helps dictate how much ordinary people have to pay on their mortgages and car loans, as well as how much they earn from their savings accounts and 401(k) plans. This week rising bond yields forced the U.S. Treasury Department into an unusual
Building a global company from Australia has long meant juggling foreign bank accounts, waiting days for revenue to settle, and dealing with unnecessary currency conversions. That friction is now being tackled head-on. Stripe today launched Stripe Treasury in Australia at its annual Stripe Tour Sydney event. The product gives businesses a single platform to accept
The government’s near-$40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments, according to a new report from the Congressional Budget Office (CBO). In its August budget update, the CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year
July 28, 2026 – 00:01 Save You have reached your maximum number of saved items. Remove items from your saved list to add more. TOTOTO The Treasury has warned that the Australian economy could be hit by rising inflation and slower growth in the second half of the year, as the US war on Iran,