Treasury Secretary

• U.S. Treasury Secretary Scott Bessent stated that banks and technology companies are collaborating to strengthen defenses against AI-enabled cyber threats, including attacks targeting bank accounts. • The warning highlights growing concerns that artificial intelligence tools could be weaponized by attackers to compromise financial institutions and customer accounts at scale. • The Treasury Department's focus on AI-driven cybersecurity risks reflects broader government concerns about the technology's potential dual-use applications in criminal activities.

• Treasury Secretary Scott Bessent described President Trump's economic measures as suffocating Iran's regime during a May 3 Fox News appearance. • Iran's economy faces $435 million daily losses and 112% food inflation due to the U.S. blockade, per FOX Business analysis. • Rising U.S. gas prices from the Iran conflict are creating broader economic challenges despite the pressure on Tehran.

• U.S. Treasury Secretary Scott Bessent announced that 2026 tax filing season refunds are up more than 10% nationwide compared to last year, with working Americans poised for immediate take-home pay increases via withholding changes. • The gains stem from broader economic policies under President Trump, including Trump Accounts to expand benefits from the vibrant economy to more citizens. • This reflects efforts to return money to American workers, families, and businesses, ushering in a new era of growth amid strong IRS performance.