Scott Bessent: “We want to make clear here today that no one is above the reach of U.S. sanctions.”

Treasury continues to transform how the federal government protects taxpayer dollars by using better data, stronger controls, and advanced technology to stop fraud and improper payments before money goes out the door.

As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.

The world has been coming to the U.S., and China has been the missing piece.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.