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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 ...
Treasury Secretary Bessent Speaks With CNN's Jake Tapper After US Loses Last Top Credit Score
Treasury Secretary Scott Bessent spoke with CNN's Jake Tapper on "State of the Union" after Moody downgraded the United ...
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 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 ...
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, ...
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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 ...
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 ...
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 ...
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 ...
U.S. Treasury Secretary says "substantial progress" made in China tariff talks but details remain scarce
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of ...
Trump to shift consumer watchdog pick to senior Treasury role
U.S. President Donald Trump's pick to lead the Consumer Financial Protection Bureau, Jonathan McKernan, has instead been ...
Treasury Sec. Bessent: Walmart will ‘eat some of the tariffs’ after announcing price hikes
After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that ...