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Trump treasury secretary says Walmart will absorb some tariff costs – but shoppers may still pay more
Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's ...
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, ...
Wall Street futures, dollar ease in wake of credit blow
Wall Street share futures slipped with the dollar on Monday and Treasury yields rose as concerns about erratic U.S. economic ...
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 ...
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, ...
Treasury's Bessent says US should be 'premier destination' for digital assets
Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks ...
Trump says the clock is ticking for 150 countries to make a deal or face higher tariffs
If you thought President Donald Trump’s trade war was over, he has some news for you: Tariffs are going up again.
Treasury Secretary Scott Bessent: U.S. will hit debt limit in August
WASHINGTON – Treasury Secretary Scott Bessent urged congressional leadership to raise the debt ceiling by mid-July, in a ...