Bessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.
Sen. Ed Markey, 80, is set to face 47-year-old Rep. Seth Moulton in Massachusetts on Tuesday in a Democratic primary for Senate set to be marked by discussions of age and generational change.
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.
Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
A federal judge has struck down New York’s Climate Change Superfund Act, ruling that it “conflicts with” federal authority.
Several Democratic lawmakers in the House of Representatives voted with Republicans to adopt a resolution that formally denounces socialism and the Democratic Socialists of America. The move reflects increasing pressure on Democrats to respond to the successes of DSA-backed candidates in primari...