A new policy shift from the Treasury Department that scales back an anti-corruption requirement on businesses may impact the department’s ability to track money laundering, a requirement originally passed with bipartisan support. POLITICO Economics Correspondent Victoria Guida and Bloomberg Businessweek Journalist Max Chafkin join Erielle Reshef with their analysis.
Sen. Ron Wyden (D-OR) and Treasury Secretary Scott Bessent traded accusations regarding alleged attempts to hide information related to Jeffrey Epstein at a Finance Committee hearing Wednesday, June 3. During his opening statement Wyden, the committee's ranking member, said that Bessent has been preventing the release of records showing payments by Epstein's clients. Bessent countered that the Wyden was attempting to divert attention from an alleged "investment meeting" between the senator's son, Adam Wyden, and Epstein. When Finance Committee Chair Mike Crapo (R-ID) said that he would begin questioning, the Treasury secretary broke in to mention that the younger Wyden is an investor in a chain of strip clubs. #Epstein #Wyden #Bessent…