The Treasury Department <a href="https://home.treasury.gov/news/press-releases/sb0572">dropped the hammer</a> Thursday on a sprawling network of terror-supporting hypocrites, slapping heavy sanctions on Muslim Brotherhood and Hamas operators who hide behind fake charities and underground banks to fund violent extremism.
The Trump administration isn&#8217;t playing games. The Office of Foreign Assets Control exposed a senior U.K.-based Egyptian Muslim Brotherhood official, alongside three money-laundering operatives and three front organizations secretly fueling Hamas’s military wing.
“The Trump administration will relentlessly pursue terrorists and those who finance them,” warned Treasury Secretary Scott Bessent. “Whether operating under the guise of charities, businesses, or underground financial networks, those who enable Hamas will be exposed, sanctioned, and held accountable.”
Thursday&#8217;s action pulled back the curtain on how these terror networks exploit donors while funneling cash directly into violent ops. Mahmoud al-Abyari, secretary general of the Muslim Brotherhood General Secretariat, was exposed for managing ties with Hamas and helping raise cash for previously sanctioned terror-linked groups like Hayat Yolu.
Entities like Indonesia’s Tujah Bulah Global (operating under the alias Seven Spikes Global) and the Gaza-based Madad Palestine Charitable Society claimed to gather cash for needy civilians. Instead, the money was secretly diverted straight into the pockets of Hamas fighters. Turkey-based El-Kahira for General Trading, owned by Khuldun Khamis Zakaria Alden and operated with shareholders Zaid and Abdullah Al-Jebouri, moved hundreds of thousands for Hamas. The operation didn&#8217;t stop at terror. It also provided underground fiat and crypto banking to violent European organized crime groups like Sweden’s notorious Foxtrot Network.
This crackdown marks the latest salvo in an aggressive, ongoing push by the Treasury Department to relentlessly pursue Muslim terrorist entities and dismantle their global cash pipelines.
Thursday&#8217;s blitz builds directly on Treasury enforcement actions from earlier this year, including the <a href="https://home.treasury.gov/news/press-releases/sb0415">March 12 dragnet</a>, when Treasury targeted four bogus non-profits, including Türkiye-based Ghazi Destek Dernegi and Indonesia’s KNRP, and captured Hamas documents proving that they were secretly funneling cash, supplies, and construction materials exclusively to armed militants in Gaza.
On <a href="https://home.treasury.gov/news/press-releases/sb0368">January 21,</a> Feds exposed six Gaza-based front groups posing as medical clinics, including the Waed Society and Al-Nur Society, that were directly integrated into Hamas&#8217;s security apparatus. Treasury also sanctioned the Popular Conference for Palestinians Abroad (PCPA) and UK organizer Zaher Khaled Hassan Birawi for orchestrating political propaganda and Gaza-bound &#8220;flotillas&#8221; at the direct behest of terror bosses.

Lebanon President Heads To Washington For White House Talks

Treasury Department Busts Global Muslim Brotherhood, Hamas Terror-Financing Network

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The Treasury Department said Tuesday that it prevented nearly $100 million in welfare payments to dead people, thanks to new fraud prevention measures implemented by the Trump administration. 
Since March 2025, Treasury Secretary Scott Bessent said the department had identified 4,900 payments worth $99 million that were slated to go to dead people. The payments never went out because they were flagged for review after the department implemented new payment verification policies. 
“Treasury has delivered on a key promise of President Trump’s mandate to stop improper payments and fraud before money leaves the Treasury, and strengthen the integrity of the federal payment system,” Bessent <a href="https://home.treasury.gov/news/press-releases/sb0569">said</a> in a statement. “Together with Vice President Vance’s Task Force to Eliminate Fraud, this new safeguard addresses a longstanding vulnerability and helps ensure every dollar the federal government spends reaches its intended recipient.”
The payments were identified as the department screened 885 million payments worth about $2.77 trillion.
Bessent said the screening took place because the department has increased access to the Social Security Administration’s death master file, making it easier to identify deceased payees. He also pointed to the adoption of the Do Not Pay program, which <a href="https://fiscal.treasury.gov/payment-integrity/do-not-pay-dnp/about">requires</a> identity verification, eligibility confirmation, and bank account information before any payment is doled out. 
“Treasury will continue efforts to modernize the federal payment system, strengthen safeguards against fraud and improper payments, and protect taxpayer dollars,” Bessent said. 
In his first few months back in office, President Donald Trump signed an <a href="https://www.whitehouse.gov/presidential-actions/2025/03/protecting-americas-bank-account-against-fraud-waste-and-abuse/">executive order</a> aimed at empowering the Treasury Department to identify fraud. Trump’s executive order noted that the Government Accountability Office estimates that the government loses between $233 and $521 billion every year in fraud. 
“This order promotes financial integrity by enabling the Department of the Treasury to more easily conduct improper payment and fraud prevention screening prior to disbursing funds on behalf of agencies,” Trump directed in March 2025. “This order increases transparency and accountability by requiring agencies to provide the Department of the Treasury with the information needed to track transactions through the General Fund in greater detail.”
The Trump administration has brought a strong emphasis on combating fraud with the White House creating a new task force under Vice President JD Vance focused on tackling the issue. The task force opened up an investigation in Ohio after The Daily Wire <a href="https://www.dailywire.com/news/trumps-massive-anti-fraud-strike-force-lands-in-ohio?author=Luke+Rosiak&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump’s+Massive+Anti-Fraud+Strike+Force+Lands+In+Ohio">reported</a> on spurious entities being paid millions for so-called home health care services.

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When we talk about the Founding Fathers, we’re usually just talking about the Big Five: George Washington, John Adams, Thomas Jefferson, James Madison, and Alexander Hamilton.
Of course, these men deserve our veneration. But Jefferson, Madison, and Washington are synonymous with the Declaration of Independence, Constitution, and presidency, respectively. Adams and Hamilton both have award-winning Broadway musicals and popular 20th century biographies that keep them top of mind.
But what of the other Founders, the men who thought, fought, and wrote this country into existence? In honor of America’s 250th birthday, The Daily Wire asked lawmakers, writers, and historians to draft a new Founding Father starting lineup. The only rule: they couldn’t choose one of the Big Five. Here are their picks.
<h3>Mike Johnson, Speaker of the House of Representatives</h3>
Frederick Muhlenberg was elected to serve as the very first Speaker of the U.S. House of Representatives by the First Congress in 1789, and was the first signer of the Bill of Rights. An ordained Lutheran minister, Pennsylvania delegate to the Continental Congress, and former 3rd Speaker of the Pennsylvania House of Representatives, he was well prepared to accept the great privilege and challenge of leading and establishing a brand new institution.
Shepherding our great deliberative body through its formative days was no small task and required tremendous vision, skill, and patience. Muhlenberg was up to the task, and effectively crafted the rules, procedures, and protocols of Congress while actively serving in it. Because he and his colleagues had to travel treacherous or nonexistent roads on horseback, he was forced to delay the first meeting of Congress by a month until a quorum was reached. In August 1789, he cast the deciding vote for the location of the nation&#8217;s new capital.
While the speakership has changed considerably since Muhlenberg wielded the gavel, his efforts to construct a Congress capable of governing itself, debating openly, and exercising a check on the other branches of government were essential. As we celebrate America’s 250th, we do well to remember the wisdom and invaluable contributions of our founders and the unsung heroes who set our nation on its course to become the greatest in history.
<h3>Ben Shapiro, editor emeritus, The Daily Wire</h3>
Robert Morris was the greatest entrepreneur of the Founding generation. He bet his entire fortune — the largest in the country — on the riskiest startup the world has ever seen: the United States of America itself. Morris lived out the saying “freedom isn’t free”: you can proclaim your self-evident truths, but if you can’t pay your army, the British win.
Morris had every reason in the world to sit the Revolution out, hedge his bets, and stay rich. Instead, he became one of only two men to sign the Declaration of Independence, Articles of Confederation, and the Constitution. Morris risked it all because he understood the American experiment was worth more than his own fortune, or even his own life. That’s not a businessman’s calculation. That’s closer to love than anything else.
<h4><a href="https://www.dailywire.com/episode/ben-shapiro-show-mini-doc-robert-morris?utm_campaign=founding&amp;utm_medium=email&amp;utm_source=iterable&amp;utm_content=email_blast_creative00098_na">WATCH: BEN SHAPIRO ON ROBERT MORRIS</a></h4>
<h3>Dr. Ben Carson, president, American Cornerstone Institute</h3>
George Mason doesn’t come off the bench; he’s a starter. Mason’s thinking about liberty and the best way to structure government had an outsized impact on the Founding. To take just one example, the Virginia Declaration of Rights might be the most important but least appreciated document from the time. Too few Americans have even heard of that document. If you have never read it, take a minute and do it now; you’ll see that it was basically the first draft of both the Declaration of Independence and the Bill of Rights. True, Mason did not support the Constitution, but his objections to the Constitution — based on concern about too powerful a federal government — seem prescient given how much power Washington has aggregated for itself. George Mason isn’t the B-team; he should be talked about in the same breath as the other giants of the Founding.
<h3>Dr. Larry P. Arnn, president, Hillsdale College</h3>
You could no more put together an alternative starting five for the American Founding than you could for the 1991 championship Chicago Bulls. But if asked what secondary founders deserve attention, Benjamin Rush and Robert Morris come to mind. Rush, a Philadelphia physician, was a leading opponent of slavery and a great advocate of education in addition to being an ardent revolutionary. Morris, a wealthy Philadelphia merchant, took on the impossible job of Superintendent of Finance during the Revolution and played a critical role in getting arms to American troops in the field. But these men themselves recognized the superiority of those on the starting team. Rush said of Washington, “There is not a king in Europe that would not look like a valet de chambre by his side.” Morris, when asked by Washington to serve as the country’s first treasury secretary, declined and recommended Hamilton.
<h4><a href="https://www.dailywire.com/news/could-donald-trump-finally-dismantle-the-deep-state-ronald-pestritto-thinks-so">READ MORE: HILLSDALE PROFESSOR EXPLAINS HOW DONALD TRUMP COULD KILL THE DEEP STATE</a></h4>
<h3>Daniel McCarthy, distinguished fellow in conservative thought at the Heritage Foundation</h3>
No one can replace the greatest of our Founding Fathers, but if we lost all record of them tomorrow, we might try to approximate the effect of their ideas and sensibilities in combination by looking to James Otis and Samuel Adams in place of Jefferson; Robert Morris, who was Washington’s first choice for Treasury secretary, in place of Hamilton; Roger Sherman, a wise constitutionalist, in Madison’s or John Adams’s stead; and James Wilson instead of Benjamin Franklin to supply some Pennsylvania principle. No one can compare to Washington, but John Marshall might occupy the place of a great Virginian profoundly committed to the Union. These less appreciated figures would give us a strong sense of our founding, though they would also remind us of what we were missing without the most renowned names available.
<h3>Richard Brookhiser, author, The Hero Returns: Lafayette and the Legacy of Revolution</h3>
For all the brilliance of the founders, not many of them understood economics. Tench Coxe, a Philadelphia merchant, did. He assembled facts and figures for Alexander Hamilton&#8217;s “Report on Manufactures,” and might have filled his shoes had Hamilton not existed. He later became a supporter of Thomas Jefferson, so he was also adroit politically. Nathanael Greene was also widely acknowledged for his military brilliance, losing every battle he fought against Cornwallis in the Carolinas yet driving him to Virginia and ultimate defeat at Yorktown. Georgia awarded Greene a plantation for his services, where he died of heat stroke after the war. Had he lived he might have made an excellent Secretary of War.
<h3>Troy Senik, author, A Man Of Iron: The Turbulent Life And Improbable Presidency of Grover Cleveland</h3>
Because he didn&#8217;t sign the Declaration of Independence, John Dickinson is always portrayed as a coward, the jittery man blind to the glory of the moment. The irony is that he walked into the Second Continental Congress arguably the most prominent advocate for colonial rights in America.
Dickinson did not oppose independence. He opposed declaring it before the preconditions for sustaining it were in place. No foreign alliance had been secured. The Articles of Confederation were nowhere near complete. The military situation was uncertain at best. His argument was methodical, not ideological: do these things first, then declare.
What happened next proved him right about virtually everything save the final outcome. The country barely survived the early days of the war, and only through a sequence of events so improbable that it would have been folly to plan for them. Had things gone south, Dickinson would have been remembered as Cassandra. Instead, he became a footnote in a story he helped write.
John Dickinson knew he was destroying his reputation by resisting the rush to declare independence. But he did so anyway because he believed the country&#8217;s long-term survival mattered more than the passions of the moment. It&#8217;s a sober patriotism to ask the questions nobody wants to hear rather than to give the hosannahs that everyone expects. Dickinson asked those questions, was overruled, and was later proven right. What had he done in the interim? Put on a uniform and fought for the cause anyway.
We could use more cowards like that.
<h3>Brian Anderson, editor-in-chief, City Journal</h3>
That’s easy: If Washington, Jefferson, Madison, Adams, and Hamilton were unavailable, my first draft pick would be James Wilson. One of the Constitution’s principal architects but now less well-known than the Big Five, Wilson argued that America’s liberties rest on more than individual rights; they also grow out of a moral order discoverable through reason and grounded in natural law.
Big themes: Rights and duties are inseparable, liberty means self-government rather than license, and political authority flows directly from the people because all persons are naturally equal before that higher law. Wilson offers a distinctly American synthesis of natural rights, civic responsibility, and constitutional self-government that in my view deserves renewed attention.
<h3>Ryan Williams, president, the Claremont Institute</h3>
John Quincy Adams was only 11 years old when the Declaration of Independence was signed, but he would go on to a long career as senator, Secretary of State, Minister to Great Britain, Prussia, and Russia, and finally, president. After Washington’s peerless inaugural example, JQA remains, to this day, the greatest foreign policy strategist and diplomat of American history. For a continued restoration of a truly America First foreign policy, all roads lead through JQA.
<h4><a href="https://www.dailywire.com/news/the-editor-of-the-most-popular-edition-of-the-federalist-thinks-its-more-important-than-ever">READ MORE: THE CLAREMONT INSTITUTE&#8217;S CHARLES KESLER ON WHY THE FEDERALIST PAPERS MATTER</a></h4>
<h3>Daniel Gullotta, assistant professor at the Ohio State University’s Salmon P. Chase Center for Civics, Culture, and Society</h3>
While I&#8217;m sad most people don&#8217;t know who Gouverneur Morris is, it&#8217;s a lot of fun telling people who he was. Just mentioning he had a peg leg usually gets people&#8217;s attention. But his role in the Constitution, crafting the opening &#8220;We the People,&#8221; is something people should know just as commonly as they know Jefferson was the drafter of the Declaration. He was also arguably the most anti-slavery Founding Father (just read some of his speeches during the compromise debates). He also refused to leave France during the Reign of Terror while serving as our minister, despite the danger. Then there&#8217;s the crazy way he died, trying to clear a urinary blockage with a piece of whalebone from his wife&#8217;s corset. I know everyone says this person or that person needs a movie or miniseries, but come on, there&#8217;s just no part of his life that isn&#8217;t compelling.
<h3>Mark Helprin, author, “Elegy In Blue”</h3>
We&#8217;re sorely in need of Benjamin Franklin, maybe a few dozen of him, to correct the abysmal ignorance and inexperience of today&#8217;s &#8220;Yutes,&#8221; who know virtually nothing and yet are powered by the energy of the young and destined to run the zoo. And it is a zoo. Franklin made use of his long experience and inherent brilliance to take under his wing Adams, Jefferson, and a lot of others, guiding them with practical and long-lasting results. Maybe I say this about the younger generations because I&#8217;m in my 80th year and am falling prey to chasing them off the lawn. But, really, they can hardly speak English, the girls&#8217; speech sounds like frying eggs, and they know so little that they buzz around communism and fascism like moths around a flame. You know what happens with moths and flames.
<h4><a href="https://www.dailywire.com/news/he-turned-the-royals-into-a-joke-his-take-on-america-is-anything-but?trueLinkId=75JIYEMEAhD1KHqlEouqVfPC%2Fc5LDaS1niXzcEeobct2bv%2FJcUHC%2BLs8PvnWg1HDBGj%2FUEf2tfG%2B%2BQqbHoPtag%3D%3D&amp;trueLinkTs=1782577908&amp;trueLinkExpiry=43200">READ MORE: A CONVERSATION WITH MARK HELPRIN, AMERICA&#8217;S GREATEST LIVING WRITER.</a></h4>
<h3>Brenda Hafera, Assistant Director and Research Fellow, B. Kenneth Simon Center for American Studies</h3>
Mercy Otis Warren was an exceptional woman who contributed to the founding of an exceptional nation. A staunch republican, she depicted the happenings in her native Boston through plays and poems intended to drum up support for the patriot cause. The list of her correspondence was a &#8220;Who&#8217;s Who&#8221; of the Founding generation, including John and Abigail Adams, George Washington, and Thomas Jefferson, enabling her to write the only Anti-Federalist account of the War of Independence. That opus, along with her thoughtful and uncompromising defense of the importance of morals and manners, justly earned her the designation, &#8220;The Conscience of the American Revolution.&#8221;
<h3>Anastasia Boden, Director of Constitutional Scholarship at Pacific Legal Foundation and the host of the In Dissent podcast</h3>
James Wilson has largely been forgotten. He deserves better. Wilson&#8217;s argument that the people, not the government, are sovereign justified not only rejecting Parliament&#8217;s taxes but breaking with Britain altogether. A Scottish immigrant steeped in the Scottish Enlightenment, Wilson helped popularize the radical idea that the people — not kings or Parliament — are the ultimate source of political authority and are fully capable of governing themselves. Wilson also played a leading role in shaping <a href="https://podcasts.apple.com/us/podcast/we-can-sue-the-government-right/id1896779544?i=1000772988868">Article II of the Constitution</a>, strengthening the presidency with the counterintuitive goal of protecting liberty. In an era of debates over democracy, federal power, and constitutional government, few Founders have more to teach us.
<h3>James Patterson, author, “Why Postliberalism Failed”</h3>
The Founders we admire today were stark personalities and prolific writers, men who overshadowed impressive figures we tend to forget. One is John Witherspoon, the only member of clergy to sign the Declaration of Independence and teacher to James Madison, who gave both a religious and intellectual heft to the Revolutionary cause. As a Catholic, I have to recommend Charles Carroll of Carrollton, the only Catholic to sign the Declaration of Independence, a major financier of the Revolution, and a fierce advocate for republican politics and religious liberty. And then there’s Roger Sherman, who was something of an unsung workhorse from the start of the Revolution through the early Republic years. He opposed slavery, and he was the chief author of the Connecticut Compromise that gave us the bicameral Congress we have today.

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14 Lawmakers, Writers, And Historians Pick Their Favorite Forgotten Founding Fathers

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The Department of Justice has confirmed to The Daily Wire that it has launched a grand jury investigation into leftist megadonor Neville Roy Singham, who has been accused of promoting Chinese Communist Party interests.
A federal grand jury in Manhattan issued subpoenas on behalf of an investigation led by U.S. Attorney Jay Clayton and authorized by Acting Attorney General Todd Blanche, Fox News <a href="https://www.foxnews.com/politics/doj-launches-grand-jury-probe-marxist-mogul-neville-roy-singhams-funding-leftist-groups">reported</a> on Monday. The subpoenas reportedly seek financial records tied to Singham and his network. Singham recently funneled $285 million from his accounts in China to Left-wing organizations in the United States through the Goldman Sachs&#8217; philanthropic entity, the GS Donor Advised Philanthropy Fund for Wealth Management.
Prosecutors are reportedly examining whether Singham engaged in wire fraud, money laundering, or any other financial crimes, or acted as an unregistered foreign agent on behalf of China. The investigation is part of the Trump administration’s efforts to crack down on fraud in nonprofits, political organizations, and government-backed entities. 
Treasury Secretary Scott Bessent has also met with Goldman Sachs CEO David Solomon to discuss Singham and the recent investigation, according to the outlet. Bessent allegedly warned the bank that they could also be investigated for their past connections with the CCP and their account with Singham.
Singham is connected to organizations such as the People’s Forum, Party for Socialism and Liberation, and Code Pink. His wife, Jodie Evans, is a leftist activist who co-founded the radical anti-war organization Code Pink. Lawmakers have also alleged that Singham was affiliated with the Maku Group, a CCP-backed propaganda organization.
Singham has been a Communist ever since his youth, when he took membership in the League of Revolutionary Black Workers, a Mao-influenced group based in Detroit, Michigan, the New Lines Magazine <a href="https://newlinesmag.com/reportage/the-big-business-of-uyghur-genocide-denial/">reported</a>.
Singham used America’s capitalist system to gain his wealth. After college at Howard University, Singham founded Thoughtworks, a consulting and software firm, which he sold to a private equity firm in 2017 for $785 million.
In a viral clip <a href="https://www.foxnews.com/video/6391402983112">posted</a> by Fox News Digital, Singham argued to Chinese officials that America and Britain were not the heroes in World War II.
“This fascist lie that the West says that there is a battle between fascism, democracy and communism. They make a fake argument that there are three systems,” Singham stated. “In fact, fascism is actually a face of capitalism and imperialism, as is colonialism. These are three faces of a system that quite now is getting very, very dangerous for us.”
Singham also argued that the Soviet Union and China were the real heroes of WWII.
OpenSecrets has <a href="https://www.opensecrets.org/search?q=neville+singham&amp;type=donors">tracked</a> $70,000 of direct funding from Singham, including $18,000 to Democratic Representative Pramila Jayapal of Washington, $8,400 to then-Democratic Representative Tulsi Gabbard of Hawaii, and $7,500 to the Green Party, along with funding to the campaigns of former President Barack Obama and Senator Bernie Sanders (I-VT).

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First lady Melania Trump and Treasury Secretary Scott Bessent announced Thursday that children in foster care will be eligible for Trump Accounts, ensuring they can participate in the investment program even when no parent or guardian is available to open an account for them.
Trump Accounts are designed to help children build wealth over time through tax-advantaged investment accounts seeded with an initial government contribution. Until now, participation generally required a parent or legal guardian to open an account on a child&#8217;s behalf.
The new initiative, called Fostering the Future Accounts, allows states and tribal governments serving as legal guardians to open Trump Accounts for eligible children in foster care.
“For the first time, children in foster care will have access to a dedicated investment and savings vehicle,” Melania Trump said during Thursday&#8217;s announcement. 
&nbsp;
<blockquote class="twitter-tweet" data-media-max-width="560">
NOW: <a href="https://x.com/FLOTUS?ref_src=twsrc%5Etfw">@FLOTUS</a> and <a href="https://x.com/SecScottBessent?ref_src=twsrc%5Etfw">@SecScottBessent</a> announce Trump Accounts for children in foster care.
This expands access for children for whom the state acts as their legal guardian. <a href="https://x.com/FLOTUS?ref_src=twsrc%5Etfw">@FLOTUS</a> says 23 governors have already agreed to set up the accounts in their states and urges all 50… <a href="https://t.co/gvqeHK6Pto">pic.twitter.com/gvqeHK6Pto</a>
— Brecca Stoll (@breccastoll) <a href="https://x.com/breccastoll/status/2065096414502306091?ref_src=twsrc%5Etfw">June 11, 2026</a></blockquote>
&nbsp;
The program could make roughly 400,000 foster children eligible to participate, based on federal estimates of the number of children currently in foster care nationwide.
Bessent said the change ensures children will receive the same $1,000 Treasury-funded contribution available through standard Trump Accounts for children born between January 1, 2025, and December 31, 2028.
States will also be permitted to deposit a child&#8217;s Social Security survivor benefits into the account.
Like other Trump Accounts, the funds will be professionally managed and invested in diversified index funds. When participants reach adulthood, they may use the money for approved expenses, including college tuition, purchasing a home, or starting a business.
Mrs. Trump said 23 governors have already agreed to implement the program and urged the remaining states to participate.
“Let’s put America’s children before politics,” she said.

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Rep. Judy Chu (D-CA) set out to torch Treasury Secretary Scott Bessent over inflation and President Donald Trump&#8217;s military action against Iran during a House Ways and Means Committee hearing Thursday. Instead, she walked straight into an embarrassing trap unable to answer a basic question about American history.
As Chu accused Trump of launching an &#8220;illegal&#8221; war and rattled off price increases, Bessent calmly interupted, asking: &#8220;Congresswoman, who was the president during World War I?&#8221;
Chu blinked.
&#8220;I don&#8217;t know,&#8221; she admitted — apparently unaware that Woodrow Wilson, one of the most celebrated Democratic presidents in American history, led the country into that conflict. She tried to pivot: &#8220;Clearly you&#8217;re not answering my question.&#8221;
<blockquote class="twitter-tweet">
The impact of our failed education system just revealed itself in this congressional hearing, and it shows how incompetent people have become.
Bessent: &#8220;Who was the president during World War I?&#8221;
Rep. Chu: &#8220;I don&#8217;t know.&#8221;
This woman is a FEDERAL LEGISLATOR responsible for… <a href="https://t.co/lXaTKAY3BJ">pic.twitter.com/lXaTKAY3BJ</a>
— Andrew Kolvet (@AndrewKolvet) <a href="https://x.com/AndrewKolvet/status/2062569675045679312?ref_src=twsrc%5Etfw">June 4, 2026</a></blockquote>
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Bessent was happy to answer — and then some. He explained that Wilson took the country into World War I on principle, even though Germany hadn&#8217;t directly attacked the United States. The parallel was obvious: sometimes a president makes decisions with an eye toward catastrophic future risks, not just today&#8217;s grocery bill.
&#8220;Americans&#8217; financial situations would be devastated if Iran got a nuclear weapon and there was a permanent, permanent shutdown of the flow of energy out of the Middle East,&#8221; Bessent said. &#8220;I promise you that.&#8221;
Then he systematically dismantled Chu&#8217;s inflation narrative, number by number.
When Chu triumphantly declared beef was up 15%, tomatoes up 40%, and bread and milk up 8% and 5% — then twisted the knife with &#8220;I know that would be hard for a billionaire like you to imagine&#8221; — Bessent didn&#8217;t flinch.
&#8220;Food at home is up 2.5% since President Trump took office,&#8221; he replied. &#8220;I know that&#8217;s an inconvenient fact for you. You&#8217;re from California — maybe you care about avocado prices, maybe you want them higher — but they&#8217;re down 19%.&#8221; He landed the kill shot: &#8220;You don&#8217;t get to pick and choose. It is a basket, and the basket is up 2.5%. During the Biden era, it was 5%.&#8221;
When Chu insisted wages weren&#8217;t keeping up, Bessent was equally blunt: &#8220;I&#8217;m afraid you&#8217;re incorrect. We had real wage increases every month since President Trump took office except for the month of April. I know the facts don&#8217;t align with your narrative — you&#8217;re entitled to your opinion, not your own facts.&#8221;
Rep. Kevin Hern (R-OK) piled on afterward, reminding Democrats of their own inconvenient history: &#8220;In the four years of Joe Biden, we had a 25% increase in prices. No way did the wages keep up. The highest gas prices we&#8217;ve seen in the last decade were under Joe Biden — but my colleagues have gotten amnesia.&#8221;
The Democrat who doesn&#8217;t know who Woodrow Wilson was tried to lecture the Treasury Secretary on economic history.
It did not go well.

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Rep. Linda Sánchez (D-CA) <a href="http://pic.twitter.com/vCUNZadS5y">accused</a> Treasury Secretary Scott Bessent&#8217;s department of being “the most corrupt in American history” during a heated congressional hearing on Wednesday, then rattled off complaints outside the Treasury’s jurisdiction.
“Inflation is now rising faster than hourly wages, gas prices are at an all-time high with the war in Iran, the cost of groceries has risen 3.2% over the past two years, and prices on most goods have gone up because of Trump’s tariffs,&#8221; Sánchez said. &#8220;So I don’t see how you can call that anything other than a failure of the most corrupt Treasury Department in history.” 
Bessent rejected the characterization, saying she was “short on facts and long on hot air.” 
<blockquote class="twitter-tweet" data-media-max-width="560">
California Representative <a href="https://x.com/LindaTSanchez?ref_src=twsrc%5Etfw">@LindaTSanchez</a> tells Secretary Scott Bessent his Treasury Department is “the most corrupt in American history.”
She provides tariffs, war with Iran and a DOJ settlement as her evidence.
Tariff policy is led by the White House and aided by Section 232… <a href="https://t.co/vCUNZadS5y">pic.twitter.com/vCUNZadS5y</a>
— Brecca Stoll (@breccastoll) <a href="https://x.com/breccastoll/status/2062578590492045512?ref_src=twsrc%5Etfw">June 4, 2026</a></blockquote>
Sánchez&#8217;s criticism focused on several issues that are either directed by the White House or involve agencies beyond the Treasury&#8217;s direct policymaking authority.
Sánchez first targeted inflation, which she blamed on Trump’s tariffs and the conflict with Iran. Energy prices have increased since the military operations against Iran began, contributing to broader inflationary pressures. 
Bessent responded sharply: “On inflation, I will not take firefighting advice from an arsonist,” a reference to the inflation surge during the Biden administration.
Sánchez also criticized Trump’s tariff policies, arguing they have increased costs for American consumers. The Trump administration has defended the tariffs as necessary to reset foreign trade relationships and secure industries deemed critical to national security, including pharmaceuticals, semiconductors, steel, and critical minerals. The average household is likely to pay an extra <a href="https://budgetlab.yale.edu/research/state-us-tariffs-march-9-2026">$570</a> due to tariffs in 2026. 
While the Treasury ultimately receives tariff revenue after collection, trade policy is largely driven by the White House, the Commerce Department, and the Office of the United States Trade Representative. 
Finally, Sánchez targeted the IRS, which is part of the Treasury, for failing to audit Trump&#8217;s tax returns. Bessent responded that the Treasury follows existing legal guidance and suggested that disagreements over the matter should be directed to the Department of Justice. The Treasury Department is unable to audit Trump’s tax returns as the DOJ <a href="https://tax.thomsonreuters.com/news/doj-settlement-forever-bars-irs-trump-audits-sparks-backlash/">issued</a> an order that permanently barred the IRS from auditing past tax returns of not only President Donald Trump, but also his family, and related companies.
&#8220;At Treasury, we follow the rule of law,&#8221; Bessent said.

Treasury Sec. Scott Bessent

Democrat Tries To Own Scott Bessent But Doesn’t Understand How Government Works

Treasury Secretary Scott Bessent laid into Sen. Ron Wyden (D-OR) on Wednesday over the senator&#8217;s son&#8217;s ties to the late sex offender Jeffrey Epstein.
The viral moment came while Bessent testified before the Senate Finance Committee about the 2027 budget. While questioning Bessent, Wyden accused the Trump administration of illegally shielding President Donald Trump and his family from IRS audits. Bessent cited ongoing litigation and then unloaded on Wyden over his family&#8217;s Epstein ties.
&#8220;I did want to keep this focused on the economy, [but] Senator Wyden has mendaciously slandered the Treasury building in an attempt to cover up his son having an investment meeting with Jeffrey Epstein to ask for funding,&#8221; Bessent said.
&#8220;Let&#8217;s be clear here. Nobody is interested in the ramblings of a capo in the most corrupt regime in American history,&#8221; Wyden responded. &#8220;We want to get some facts about this deal. That&#8217;s what we&#8217;re here for.&#8221;
&#8220;We would like to hear what Adam Wyden and Jeffrey Epstein talked about,&#8221; Bessent pushed back. &#8220;Your son&#8217;s largest investment position was Rick&#8217;s Cabaret [a series of strip clubs]. So did your son and Jeffrey Epstein talk about pole dancing, as he begged him for money using your limited credibility?&#8221;
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Adam Wyden met with Jeffrey Epstein in 2016 and sought financial backing for his hedge fund, ACM Capital Management. Emails released from the Department of Justice show Adam Wyden thanking Epstein for a meeting and expressing interest in having him invest in the fund.
“Jeffrey, I wanted to thank you for taking the time to meet with me. I thoroughly enjoyed our conversation and hope my passion and dedication for my business came through in the meeting,” Adam wrote in an email dated April 28, 2016. “I intensely appreciate like minded individuals and would very much look forward to having you join us at the fund.”
The moment between Bessent and Wyden went viral online, racking up millions of views.
Another moment during the hearing that&#8217;s garnered attention was when Bessent confirmed the reported clash between himself and Bill Pulte, the Federal Housing Finance Agency director who Trump just tapped to become the acting Director of National Intelligence.
&#8220;I actually said I was going to kick his a**,&#8221; Bessent said about the incident. The secretary added that he and Pulte are now on good terms.
Related: <a href="https://www.dailywire.com/news/fight-over-climate-chapter-exposes-tensions-between-judicial-neutrality-and-activist-lawfare">Fight Over Climate Chapter Exposes Tensions Between Judicial Neutrality And Activist Lawfare</a>

Scott Bessent, Ron Wyden

The Pole-Dancing Question That Blew Up A Senate Hearing

Democrats

Jeffrey Epstein

The U.S. Department of the Treasury <a href="https://home.treasury.gov/news/press-releases/sb0470">announced</a> Thursday that the Internal Revenue Service (IRS) will revise Form 990 to increase transparency and curb misconduct within tax-exempt organizations. The move specifically targets fiscal sponsorship arrangements, government grants, and contracts—mechanisms critics argue have been exploited by &#8220;dark money&#8221; networks to operate without public scrutiny.
“We are ending the days of hiding fraud, abuse, and extremist activity behind complicated nonprofit arrangements,” said Treasury Secretary Scott Bessent. He warned that directors and officers of organizations misusing charitable structures would face increased &#8220;scrutiny, accountability, and liability under the law.&#8221;
The announcement comes amid intensifying investigations into prominent liberal networks like Tides and Arabella Advisors. The Washington Free Beacon <a href="https://freebeacon.com/democrats/same-game-different-name-radioactive-arabella-advisors-announces-rebrand-to-sunflower-services-as-prominent-donors-flee/">reported</a> in November 2025 that Arabella had rebranded its fiscal sponsorship arm as Sunflower Services “amid a series of high-profile investigations into its finances and billionaire Bill Gates&#8217;s decision to end a longstanding partnership with the organization.”
The Treasury’s focus on fiscal sponsorships—where a 501(c)(3) acts as an &#8220;umbrella&#8221; for projects without their own tax-exempt status—directly addresses concerns raised by the House Oversight Committee. Last month, Chairman James Comer (R-KY) said the Committee was “continuing to investigate reports the Sixteen Thirty Fund, Arabella Advisors (now operating as Sunflower Services), and others have worked to circumvent federal campaign finance disclosure requirements.”
Comer said his <a href="https://oversight.house.gov/release/comer-continues-to-investigate-dark-money-groups-efforts-to-evade-campaign-finance-laws/#:~:text=Comer%20Continues%20to%20Investigate%20Dark,Release%20Published%3A%20Mar%2020%2C%202026">letter</a> was “part of the House Oversight Committee’s larger effort to investigate powerful, dark money groups skirting campaign finance disclosure laws enforced by the Federal Election Commission (FEC) and the Department of Justice (DOJ) while obscuring the distinction between activities of legitimate journalists from campaign operatives. Online influencers invited to join the Chorus program reportedly receive up to $8,000 per month to amplify Democratic messaging online but must sign contracts enforcing strict secrecy and imposing limitations on the types of political content they can produce.”
The American Accountability Foundation (AAF) filed a formal <a href="https://freebeacon.com/wp-content/uploads/2025/11/NVF-IRS-Complaint.pdf">IRS complaint</a> in November 2025 alleging that the New Venture Fund (NVF), an Arabella-managed entity, engaged in improper &#8220;excess benefit transactions.&#8221; AAF wrote, “We have reason to believe that NVF has solicited hundreds of millions of dollars in donations from the public, a substantial portion of which have been diverted to NVF’s founder and other senior officers through an administrative services agreement with Arabella Advisors LLC (‘Arabella Advisors’), which was controlled by those same individuals. If so, NVF has engaged in improper excess benefit transactions by paying Arabella Advisors more than $200 million since 2006.”
The Treasury&#8217;s new reporting requirements aim to track where public money actually goes. NGO Monitor <a href="https://ngo-monitor.org/funder/tides-network/">reported</a> in March 2025, “Since 1976, Tides has ‘scaled more than 1400 social ventures, fueled social change in 120+ countries, and mobilized over $3 billion for impact.’ A number of these social ventures demonize Israel, promote antisemitic rhetoric, and lead BDS campaigns.”
“If an organization receives public funds,” said Acting IRS Chief Counsel Ken Kies, “it should be prepared to show who controls the money and where it goes.”

Treasury Department Announces IRS Overhaul To Target ‘Shadow’ Leftist Nonprofit Networks

Dark Money

Executive

Money In Politics

Politics

Tax-exempt organizations

Treasury Secretary Scott Bessent has officially launched “Operation Economic Fury,” a sweeping, aggressive campaign aimed at the total economic isolation of the Iranian regime.
Describing the measures as the &#8220;financial equivalent&#8221; of a military bombing campaign, Bessent signaled a return to a strict “maximum pressure” stance, targeting illicit oil networks, terror financiers, and global banks that continue to facilitate Tehran’s activities.
The announcement coincided with a <a href="https://home.treasury.gov/news/press-releases/sb0443">massive enforcement action</a> by the Office of Foreign Assets Control (OFAC), which sanctioned more than two dozen individuals, companies, and vessels. At the center of the crackdown is the multi-billion dollar petroleum empire of Mohammad Hossein Shamkhani, the son of the late senior Iranian security official Ali Shamkhani.
According to the Treasury, the Shamkhani network has enmeshed itself in the global shipping industry using a sophisticated web of front companies in the United Arab Emirates, the Marshall Islands, and India. These firms, including Oriel Group and House of Shipping, allegedly provided a “veneer of legitimacy” while managing a shadow fleet that generates billions of dollars for both the Iranian and Russian regimes.
“Treasury is moving aggressively with Economic Fury by targeting regime elites like the Shamkhani family that attempt to profit at the expense of the Iranian people,” Secretary Bessent stated.
The operation also took aim at a complex &#8220;oil-for-gold&#8221; scheme involving Lebanese Hizballah financier Seyed Naiemaei Badroddin Moosavi. In coordination with Homeland Security Investigations (HSI), the Treasury revealed that Moosavi facilitated the smuggling of Iranian oil to the former Venezuelan regime under Nicolás Maduro in exchange for gold. This gold was then allegedly moved via Mahan Air to Hizballah members in Tehran before being laundered through Turkey.
In a move that will likely tighten global energy markets, Bessent confirmed that the United States will not renew the general licenses that allowed for the purchase of Iranian and Russian oil. These waivers, which allowed &#8220;oil on the water&#8221; prior to March 11 to reach its destination, are set to expire on April 19, 2026.
Bessent dismissed the need for further relief, arguing that the temporary measures intended to stabilize prices during recent regional conflicts have served their purpose. &#8220;All that oil has been used,&#8221; Bessent told reporters, signaling that the administration is no longer willing to tolerate leaks in the sanctions regime.
Perhaps the most significant escalation of Operation Economic Fury is the administration&#8217;s willingness to deploy secondary sanctions. These measures target third-party entities — such as foreign banks — that do business with sanctioned Iranian actors, effectively forcing them to choose between the Iranian market and access to the U.S. financial system.
Bessent revealed that the Treasury has already issued formal warnings to two major Chinese banks. Historically, China has purchased upwards of 90% of Iran’s exported oil.
&#8220;If we can prove that there is Iranian money flowing through your accounts, then we are willing to put on secondary sanctions,&#8221; Bessent <a href="https://www.youtube.com/watch?v=rgDR6obU-CI">warned</a>. He noted that the U.S. is seeking deeper cooperation from Gulf Cooperation Council (GCC) neighbors to freeze the assets of the Islamic Revolutionary Guard Corps (IRGC) and other leadership figures.
Addressing concerns from the shipping industry regarding the volatile Strait of Hormuz, Bessent discussed a potential U.S. government reinsurance program. Highlighting that insurance rates from Lloyd&#8217;s of London remain &#8220;skyrocketing,&#8221; he suggested the U.S. could provide a &#8220;normalized level&#8221; of insurance to encourage commercial traffic once the lanes are declared safe.
&#8220;Exactly,&#8221; Bessent replied when asked if this was an expansion of the war through economic rather than kinetic means. With over 1,000 entities sanctioned since the start of the current campaign, Operation Economic Fury marks the administration’s most decisive effort yet to bankrupt the Iranian state&#8217;s military and proxy capabilities.

White House daily press briefing

‘Operation Economic Fury’ Moves Against America’s Enemy Without A Single Shot

Global Politics

Iran

World

Banks and everyday Americans can cash in if they report fraud, Treasury Secretary Scott Bessent explained on Monday. 
The Treasury Department issued an advisory to banks pushing them to monitor accounts more closely for suspicious activity, saying, &#8220;They’re the frontline in identifying financial fraud when nonprofits, whether its daycare centers, hospice care, start wiring big round numbers out, that&#8217;s a problem. There are large multi-national criminal organizations that are doing healthcare fraud, so we are all hands on deck.” 
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) works with financial institutions to detect suspicious activity under a rule requiring the reporting of transactions of $2,000 or more that appear to follow suspicious patterns. Bessent said &#8220;suspicious activity reports&#8221; are up 20% this year. 
Whistleblowers, whether they are institutions or individuals, whose tips lead to enforcement actions could <a href="https://home.treasury.gov/news/press-releases/sb0426">receive</a> awards ranging from 10 to 30 percent of the fines collected as a result of their information. Bessent said the program is looking for tips specifically related to &#8220;government programs where there is a lack of common sense.” He then described Minnesota’s childcare programs that did not actually take care of children as an example of such a program that lacked &#8220;common sense.&#8221;
In January, the Treasury Department launched a modernized website to encourage Americans to report government fraud. “It’s kind of like at TSA where they say if you see something, say something,” Bessent said. “And if you say something and it turns out you have helped us make a big recovery, we want to pay for that.” 
The <a href="https://www.fincen.gov/whistleblower/">website</a> encourages users to submit as much detail as they can, including the names and contact information of all individuals and entities involved in the allegations, a description of any evidence supporting the allegations, and — if applicable — the amount of money that may have been defrauded. However, only a first name, last name, phone number, subject area, and description of the issue are required to submit the tip. 
The scale of the problem the initiative aims to address is significant. The Government Accountability Office <a href="https://www.gao.gov/products/gao-24-105833">estimates</a> that the federal government loses between $233 billion and $521 billion each year to fraud. Tackling those losses has become a major policy priority. The initiative aligns with a core campaign promise from President Trump, who has pledged to eliminate fraud, waste, and abuse across federal programs. The Trump administration argues that, absent fraud, the $2 trillion annual deficit could be balanced by keeping funds within the system and ensuring they are used for the services the misdirected funds were originally intended to support.
In addition to encouraging public participation, the administration has also taken steps within the federal government itself. Alongside the civilian reporting program, President Trump <a href="https://www.whitehouse.gov/presidential-actions/2026/03/establishing-the-task-force-to-eliminate-fraud/">announced</a> the creation of a dedicated task force focused on identifying and eliminating fraud across agencies. Vice President JD Vance heads up the new task force, which kicked off its first meeting on Friday. The ongoing crisis in Minnesota, which was made a national topic by YouTuber Nick Shirley, was a central focus of the meeting.

GettyImages-1764152391

Uncle Sam Wants You To Snitch. You’ll Even Get Paid Big For It.

Fraud

Treasury Secretary Scott Bessent delivered a scathing response to The Financial Times after the outlet published a story — which he labeled &#8220;explicitly false&#8221; — about his plans for the future of the Federal Reserve.
The <a href="https://www.ft.com/content/9d1859f0-2f93-4ff1-8cfb-8046342bf9f7?syn-25a6b1a6=1">Financial Times</a> headline read, &#8220;Scott Bessent praised Bank of England as model for tighter oversight of Federal Reserve.&#8221; An X post promoting the piece followed the same general theme: &#8220;U.S. treasury secretary Scott Bessent discussed tightening the US Treasury’s oversight of the Federal Reserve by adopting elements of the Bank of England’s model.&#8221;
Bessent objected in a lengthy <a href="https://x.com/SecScottBessent/status/2037337495575134643?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2037337495575134643%7Ctwgr%5E267dcd7cc78786bcb565c54c2e581946497d7248%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Ftwitchy.com%2Fsamj%2F2026%2F03%2F27%2Fscott-bissent-financial-times-n2426503">X post</a> of his own, explaining that as recently as 2025, he had written a comprehensive (<a href="https://www.international-economy.com/TIE_Sp25_Bessent.pdf">6,000+ words</a>) analysis of potential reforms for the Federal Reserve, and that he had never adopted a stance supporting a move toward the Chancellor-Bank of England statute for the relationship between the Treasury and the Federal Reserve.
&#8220;By publishing this explicitly false story, the @FT has officially become tabloid trash for market participants,&#8221; Bessent began, noting that he had gone on the record denying the premise of the story. &#8220;Despite my direct, on-the-record denial of ever having advocated, explored, or espoused the idea that Chancellor-Bank of England statute serving as a prototype for a Treasury-Federal Reserve relationship, FT journalists manufactured a story with the headline, &#8216;Scott Bessent praised Bank of England as model for tighter oversight of the Federal Reserve.'&#8221;
&#8220;These pathetic journalists have clearly fabricated a story to give the impression that both I and the Trump Administration are setting &#8216;about restructuring the relationship … at a time when President Donald Trump has launched an unprecedented assault on the world’s most important central bank,'&#8221; Bessent continued, referring to the story as a &#8220;mendacious assertion&#8221; backed only by anonymous &#8220;financial industry executives.&#8221;
&#8220;In short, FT has literally manufactured an entirely fake policy position for me and the Administration,&#8221; Bessent said. He went on to say that he didn&#8217;t understand why The Financial Times would go ahead with such a story — which he said could only further damage their credibility as journalists — unless their sole priority was to paint a picture of discord and division in President Donald Trump&#8217;s administration.
&#8220;Over the past 10 years, I have written more than 20,000 words opining on the Federal Reserve decisions, personnel, structure, and modifications. Nowhere have I ever mentioned this ridiculous notion,&#8221; Bessent added. &#8220;The Governor’s letters to the Chancellor have proven to be a useless and perfunctory device. There is much to be said about the storied Bank of England, but any recreation of its operating framework on this side of the Atlantic has never been contemplated.&#8221;
Bessent concluded with one last shot at The Financial Times, saying, &#8220;The shameful journalists and editors at the FT are shocking in their meretriciousness, lack of standards, and general intellectual libertinism. It is the worst tradition of Fleet Street to manufacture news rather than report on it. They have brought irredeemable shame to their parent organization, Nikkei Inc., with whom I had previously held excellent relations.&#8221;
<a href="https://www.international-economy.com/TIE_Sp25_Bessent.pdf">Bessent&#8217;s argument</a> for change in the Federal Reserve had more to do with reining in &#8220;institutional bloat&#8221; and the &#8220;overuse of nonstandard policies&#8221; created to address specific issues.
&#8220;As we saw during the covid pandemic, when lab-created experiments escape their confines, they can wreak havoc in the real world. Once released, they cannot easily be put back into the containment zone,&#8221; Bessent explained. &#8220;The &#8216;extraordinary&#8217; monetary policy tools unleashed after the 2008 financial crisis have similarly transformed the U.S. Federal Reserve’s policy regime, with unpredictable consequences.&#8221;

Treasury Secretary Scott Bessent

‘Tabloid Trash’: Scott Bessent Issues Scathing Response To Media Story On Plans For The Fed

'Tabloid Trash': Scott Bessent Issues Scathing Response To Financial Times Story On Plans For Fed

Federal Reserve

Media

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