The Latest Breaking News from Scott Bessent

U.S.-China trade discussions in Kuala Lumpur are raising hopes of a direct meeting between President Donald Trump and President Xi Jinping as both sides seek to ease escalating economic tensions.

"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."

American debt hit a record high of $38 trillion earlier this week. Here's a look at how quickly the debt is growing and how much every American would owe today.

“America First,” President Donald Trump proclaimed in two inaugural addresses: 2016 and, again, in 2025—unless you’re Argentina.

Beijing and Washington "can totally find ways to resolve each other's concerns", China's commerce minister said Friday, as officials from both sides were set to meet in Malaysia for trade talks.

US President Donald Trump's trip to Asia which begins Sunday carries significant economic stakes for countries around the region, with multiple tariff deals still pending and a trade dispute simmering between Washington and Beijing.

Treasury Secretary Scott Bessent expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.

Tensions between the U.S. and China escalated in the weeks leading up to a possible meeting between U.S. President Donald Trump and Chinese President Xi Jinping

A fresh wave of U.S. sanctions on Russia's largest oil companies, ordered by President Donald Trump, jolted energy markets back to life on Thursday—sparking a crude rally and lifting battered American oil stocks sharply higher.

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.