Expected malfunction: Trump's plan against Iran is about to go wrong
A wave of resignations of senior officials at the US Treasury Department, at a critical time for the economic campaign against Iran, could disrupt Trump's economic isolation plan. Seven Senate-confirmed officials have left since the start of the second term, along with about 40 additional political appointees. The reasons: government impatience, power struggles, and unsuitability for the role.
A wave of resignations of senior officials at the US Treasury Department, at a critical time for the economic campaign against Iran, could disrupt Trump's economic isolation plan. According to a report in Politico, since the start of President Donald Trump's second term, at least seven Senate-confirmed senior officials have left the department, along with about 40 additional political appointees who did not require Senate confirmation. The departures come as the Trump administration seeks to achieve "the largest coordinated economic isolation in the history of the world" against Iran, with the Treasury Department leading economic warfare including sanctions on crypto exchanges, shadow fleet oil tankers, independent refineries, and foreign real estate. Last week, Trump declared "economic warfare and isolation on an unprecedented scale." The reasons for the departures: government impatience toward officials perceived as delaying, inter-agency power struggles, and unsuitability for the role. Conversely, a White House source claims that Treasury officials are "hot commodities" on Wall Street. Despite the shortage, the agenda remains packed and includes implementing a new tax law, managing swelling government debt, and overseeing financial regulators. The White House backs the Treasury Secretary.
Expected malfunction: Trump's plan against Iran is about to go wrong