New tariffs are generating billions of dollars in revenue, but Bessent says that will go toward paying national debt
Treasury Secretary Scott Bessent in Stockholm on July 29. – Magnus Lejhall/TT News Agency/AFP via Getty Images Treasury…
Chinese researchers lodge concerns over US debt as Beijing limits exposure
Calls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national…
Inflation or jobs: Federal Reserve officials are divided over competing concerns
WASHINGTON (AP) — One major question will be front and center for Federal Reserve policymakers as they prepare…
China’s playbook for 90-day trade truce with US
The United States and China extended their trade truce by 90 days on Tuesday (August 12), a trade…
Social Security may be more threatened than ever as it marks 90th year
WASHINGTON (AP) — When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago…
Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026
NEW YORK (Reuters) -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve…
Indian stock market: 8 key things that changed for market overnight- Gift Nifty, Nasdaq to Bitcoin prices at record high
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on…
US budget deficit climbs despite record income from Trump’s tariffs
WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last…
How Switzerland’s tariff drama swung from hope to despair
(Bloomberg) — On July 4, as the US celebrated Independence Day, Switzerland’s top circle of ministers also had…
Trump removes Billy Long as IRS commisioner less than 2 months after his confirmation
WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than…
Scott Bessent Admits Americans Pay for Trump’s Tariffs
On Thursday at midnight, steep retaliatory tariffs Donald Trump slapped on dozens of countries went into effect. “IT’S…
The United States imposes 15% ‘reciprocal’ tariff on most Japanese goods
A 15% “reciprocal” tariff is now in effect on most Japanese goods entering the United States, following a…