Scott Bessent: “What an embarrassment.”

Fighting fraud is a core national security and taxpayer protection mission for Treasury.

I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products.

This administration will not tolerate blatant abuse of our financial system, nor will it permit risks posed by the extension of financial services to illegal aliens.

We want to make clear here today that no one is above the reach of U.S. sanctions.