Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.
Gold held a decline as attacks in the Middle East and a global bond selloff ratcheted up bets the Federal Reserve may need to raise interest rates to rein in inflation.
Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. A Bloomberg gauge tracking government debt across the G7 countries now yields its highest on average since September 2000. Michael MacKenzie reports.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
U. S. Army Secretary Dan Driscoll submitted his resignation Monday after months of friction with Secretary of Defense Pete Hegseth.