News

Congress needs to address debt ceiling before its August recess to prevent default, Treasury secretary says
Lawmakers have until August to address the debt ceiling or the US could default on its obligations for the first time ever, ...
Bessent defends Trump’s Qatari luxury jet gift: ‘French gave us the Statue of Liberty’
Treasury Secretary Scott Bessent defended the Trump administration’s decision to accept a $400 million luxury jet from Qatar, ...
U.S. Treasury Secretary says "substantial progress" made in China tariff talks but details remain scarce
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of ...
Moody’s strips America of its Triple-A credit rating — here’s why
Moody’s was the last among major ratings agencies to keep a top, triple-A rating for US sovereign debt, though it had lowered its outlook in late 2023 due to wider fiscal deficit and higher ...
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United States and China agree to temporarily suspend or cut most tariffs for 90 days
The two most important pieces to the global trade war puzzle may finally be coming together to prevent an attempted ...
Treasury Sec. Bessent: Walmart will ‘eat some of the tariffs’ after announcing price hikes
After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that ...
EU ready to take slow road in US trade talks in pursuit of bigger deal
BRUSSELS (Reuters) -When U.S. Treasury Secretary Scott Bessent this week said Switzerland and Britain had jumped to the front ...
Here's a look at the sectors getting a boost from the truce in the US-China trade war
Lululemon Athletica, up 7.7% US Trade Representative Jamieson Greer, left, and US Secretary of the Treasury Scott Bessent ...