Treasury secretary encourages the $4 trillion increase before the House recesses. The House majority unveiled a proposal to raise the federal debt ceiling by $4 trillion this week,…
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U.S. and China Announce Tariff Reduction Amid Trade Negotiations
The 90-day reduction comes after trade officials met in Switzerland. The United States and China issued a joint statement outlining their agreement to reduce retaliatory tariffs for 90…
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President Trump Announces Trade Deal with United Kingdom
This is the first trade pact after he paused reciprocal tariffs last month. President Donald Trump announced the U.S. has reached a trade deal with the United Kingdom,…
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U.S. Officials to Meet with Chinese Trade Representatives in Switzerland
Secretary Bessent says the priority will be to deescalate the retaliatory tariffs. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer announced that they will travel…
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DHL Resumes International Consumer Imports Valued Over $800
The company announced it had a “constructive dialogue” with the U.S. government. Shipping company DHL announced that it has resumed shipments of imports over $800 after a pause…
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Treasury Secretary Responds to Economic Forecast Downgrade
He said the IMF is “failing to critique the countries that need it most.” Treasury Secretary Scott Bessent spoke to the Institute of International Finance this past week,…
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President Announces Ukraine Rare Earth Minerals Agreement
The Ukrainian economic minister also indicated progress and intention to sign the mineral deal. President Trump’s administration recently reduced its estimate of U.S. aid for Ukraine from $300…
Read MoreTreasury Hosts IMPACT Exchange to Address Iran’s Illicit Financial Networks
U.S. Treasury collaborates with major banks and law enforcement to block Iranian sanctions evasion. U.S. Treasury Secretary Scott Bessent convened leaders from 16 major global financial institutions along…
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IRS Official Steps Down Over DOGE Access to Information
DOGE officials to create a tech bridge that allows software systems to cross-reference data. Acting Internal Revenue Service (IRS) Commissioner Melanie Krause stepped down this week citing the…
Read MoreTreasury Secretary Tells Countries Not to Retaliate over Tariffs
President Trump stopped short of fully reciprocal tariffs since “it would have been tough for a lot of countries.” As President Trump implemented tariffs on products from dozens…
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