Scott Bessent: “Therefore, I respectfully urge Congress to increase or suspend the debt limit by mid-July, before its scheduled break…”

No one is above the reach of U.S. sanctions," Bessent said.

We do not ask bankers to assume the burdens of border enforcement, but we depend on banks to do what you do best: know your customers, identify risks as they arise, and report suspicious patterns before they metastasize into criminal…

Let there be no ambiguity as to the position of the United States: an economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.

He vowed that this would be the 'greatest coordinated economic isolation in the history of the world.'