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'We've severely disrupted the Iranian war machine' - Bessent cites economic pressure gains as lawmakers corner him on Trump image on bill, billion-dollar ballroom | Collector it is national security matters that the billion dollars is for," Bessent explained. His comments were condemned as 'ridiculous' by New Hampshire Senator Maggie Hassan, who also criticized Trump for spending '$45 million on a military birthday parade'. Trump has said that private donors and large corporations will fund the new ballroom, which will have a 'drone port' and 'bulletproof walls'. Nevada Senator Catherine Cortez Masto, in her turn, pressed Bessent on whether he was seeking to bypass congressional approval to issue a $250 bill bearing the president's image. "At Treasury, we do things in advance. My predecessors seem to scramble to do things at the last minute," Bessent said, adding that he would 'follow the law' if Congress rejected authorisation. US law prohibits living individuals from appearing on currency, but legislation introduced last year seeks to create an exception allowing current and former presidents to be depicted. ""> it is national security matters that the billion dollars is for," Bessent explained. His comments were condemned as 'ridiculous' by New Hampshire Senator Maggie Hassan, who also criticized Trump for spending '$45 million on a military birthday parade'. Trump has said that private donors and large corporations will fund the new ballroom, which will have a 'drone port' and 'bulletproof walls'. Nevada Senator Catherine Cortez Masto, in her turn, pressed Bessent on whether he was seeking to bypass congressional approval to issue a $250 bill bearing the president's image. "At Treasury, we do things in advance. My predecessors seem to scramble to do things at the last minute," Bessent said, adding that he would 'follow the law' if Congress rejected authorisation. US law prohibits living individuals from appearing on currency, but legislation introduced last year seeks to create an exception allowing current and former presidents to be depicted. ""> it is national security matters that the billion dollars is for," Bessent explained. His comments were condemned as 'ridiculous' by New Hampshire Senator Maggie Hassan, who also criticized Trump for spending '$45 million on a military birthday parade'. Trump has said that private donors and large corporations will fund the new ballroom, which will have a 'drone port' and 'bulletproof walls'. Nevada Senator Catherine Cortez Masto, in her turn, pressed Bessent on whether he was seeking to bypass congressional approval to issue a $250 bill bearing the president's image. "At Treasury, we do things in advance. My predecessors seem to scramble to do things at the last minute," Bessent said, adding that he would 'follow the law' if Congress rejected authorisation. US law prohibits living individuals from appearing on currency, but legislation introduced last year seeks to create an exception allowing current and former presidents to be depicted. "">
'We've severely disrupted the Iranian war machine' - Bessent cites economic pressure gains as lawmakers corner him on Trump image on bill, billion-dollar ballroom
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'We've severely disrupted the Iranian war machine' - Bessent cites economic pressure gains as lawmakers corner him on Trump image on bill, billion-dollar ballroom

"US Secretary of Treasury Scott Bessent said Washington's 'maximum pressure' campaign has 'severely disrupted' Iran's military and economy, testifying before the Senate on Wednesday. "We have a dedicated staff that has done a fantastic job of outlining the black market and the flow of Iranian oil and energy around the globe. We have frozen assets," Bessent told lawmakers, claiming that Washington has also seized 'a substantial amount of crypto assets' in Iran. "We have severely disrupted the Iranian economy and the Iranian war machine. We think that inflation may be over 200 per cent. Their currency has collapsed. We believe that more than 50 per cent of the army is not getting paid," he continued. The remarks come amid escalating US-Iran tensions, with both sides exchanging strikes on Tuesday and Wednesday despite an April 8 ceasefire, while ongoing talks have yet to yield significant progress. The secretary also faced pressure from senators over domestic issues, including the billion-dollar ballroom project backed by President Donald Trump. "There is no cost to the American people. If there is a new bill for the ballroom, the decorative part of the ballroom is privately funded <...> it is national security matters that the billion dollars is for," Bessent explained. His comments were condemned as 'ridiculous' by New Hampshire Senator Maggie Hassan, who also criticized Trump for spending '$45 million on a military birthday parade'. Trump has said that private donors and large corporations will fund the new ballroom, which will have a 'drone port' and 'bulletproof walls'. Nevada Senator Catherine Cortez Masto, in her turn, pressed Bessent on whether he was seeking to bypass congressional approval to issue a $250 bill bearing the president's image. "At Treasury, we do things in advance. My predecessors seem to scramble to do things at the last minute," Bessent said, adding that he would 'follow the law' if Congress rejected authorisation. US law prohibits living individuals from appearing on currency, but legislation introduced last year seeks to create an exception allowing current and former presidents to be depicted. "

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