Tag: US Treasury
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Bessent Stirs Korean Won Rally with Rare Verbal Backing amid Weakness Concerns
Overview: A Rare Show of Support for the Korean Won In a notable shift for currency markets, Treasury Secretary Scott Bessent voiced rare verbal support for the Korean won on Wednesday, aiming to quell the deepening weakness that has driven the won toward its weakest level since 2009. While high-profile comments from U.S. officials regarding…
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Trump on a $1 Coin: The Eternal Spirit of Our Nation Sparks Debate
The draft coin and its symbolism The U.S. Treasury published yesterday draft imagery for a dollar coin intended to celebrate the United States’ 250th anniversary of independence in 2026. The sketches depict a portrait of a living president—Donald Trump—on the obverse, flanked by the inscriptions Liberty and In God We Trust. The reverse shows the…
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US Treasury Secretary in Brawl: ‘I’ll Punch You’
Introduction The recent controversy involving the US Treasury Secretary has captured headlines and raised eyebrows across the nation. A heated incident unfolded during an exclusive dinner at the Executive Branch, a private club known for its exorbitant membership fees, reportedly around five million kronor. This gathering brought together influential figures, including members of President Donald…
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US Treasury Secretary Threatens Colleague at Private Dinner
Introductory Overview of the Incident In a startling turn of events, tensions flared during a private dinner attended by high-ranking officials in Washington D.C. Scott Bessent, the Secretary of the Treasury, reportedly threatened Bill Pulte, the Director of the Federal Housing Finance Agency. This incident has raised eyebrows and sparked discussions about the conduct of…
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Treasury Secretary’s Shocking Threat: A Dinner Altercation
Introduction In a startling revelation from a private dinner, Scott Bessent, the US Secretary of the Treasury, reportedly threatened his colleague Bill Pulte, director of the Federal Housing Finance Agency (FHFA), with physical violence. This incident has raised eyebrows and questions about the professional decorum expected in high-ranking government positions. The Incident: A Breakdown The…