Economy Sep 01 China dissents as Bessent says 19 finance ministers agree to address 'cheap exports' Treasury Secretary Scott Bessent said Tuesday that 19 of the members of the G20 agreed to address streams of “cheap exports” that cause global economic imbalances, but China dissented.
World Aug 31 Hosting G20 meeting, Bessent tries to rally allies on Iran as tariffs strain ties Treasury Secretary Scott Bessent is meeting with finance ministers of the world’s largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran.
World Aug 30 U.S. plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP “This is going to be financial violence if we have to,” Bessent said in the interview. “We are showing people that we know who you are, you know who you are, and this has got to stop.”…
World Aug 28 U.S. targets Egyptian bank's UAE branches under new push for Iran's economic isolation Under a new rule proposed Friday by the Treasury Department, the Emirati branches of Banque Misr, Egypt’s second-largest bank, would be severed from access to the U.S. financial system.
Economy Aug 19 The U.S. national debt now stands at $40 trillion The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit to make up an enormous share of federal spending.
Politics Jul 15 U.S. Mint produces a $1 coin bearing Trump's face to help celebrate America's 250th birthday The final design for the commemorative coin, being released in the fall, was approved earlier this year by the U.S. Commission of Fine Arts, whose members were appointed by Trump.
World Jul 07 U.S. revokes license authorizing sale of Iranian oil after 3 tankers hit in Strait of Hormuz The new assaults in the fuel-shipping waterway were the most in a single day since late April, according to the U.N. International Maritime Organization.
Politics Jun 26 Disagreements between Supreme Court justices bubble into public view as major rulings loom The Supreme Court is handing down major opinions at a rapid clip, but even with some of the biggest decisions yet to come there are signs of tension between the justices.
Nation Jun 13 Trump taps James M. McDonald as U.S. Attorney for the Southern District of New York President Donald Trump said Saturday that he will appoint one of his personal lawyers to serve as the top federal prosecutor in Manhattan.
Politics Jun 11 WATCH: First lady Melania Trump announces new investment accounts for foster youth First lady Melania Trump and Treasury Secretary Scott Bessent on Thursday announced the launch of Fostering the Future Accounts, a spinoff of the Trump Accounts investment funds meant to give $1,000 to every newborn whose parent opens one.