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US Treasury's Bessent not in compliance with ethics agreement, the Office of Government Ethics reported has said

Treasury Secretary Scott Bessent has divested 96% of his assets but faces challenges selling $25 million in illiquid North Dakota farmland by the December 15 deadline, ethics officials said.

  • The U.S. Office of Government Ethics reported that Treasury Secretary Scott Bessent has not fully complied with his ethics agreement to divest from financial assets, which could create conflicts of interest in his role.
  • Bessent claims to have divested 96% of his assets and aims for full compliance by December 15, 2025, according to his statement.
  • Significant concerns arise from Bessent's investment in North Dakota farmland, which generates substantial rental income, as noted by the ethics office.
  • A formal complaint was filed by the Campaign Legal Center and the Democracy Defenders Fund, urging an investigation into Bessent's potential violation of conflict-of-interest laws.
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The Mighty 790 KFGO broke the news in on Wednesday, August 13, 2025.
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