… Kratsios’ allegations come just a day after Treasury Secretary Scott Bessent said on Tuesday the US would examine whether Chinese AI models have stolen the capabilities from American rivals. …
… The September talks, reported by Reuters for the first time on Tuesday, would be led on the U.S. side by Treasury Secretary Scott Bessent, four of the sources said. …
… Rubio – named as one of the defendants alongside Trump and top officials Todd Blanche and Scott Bessent – claimed the court threatened America’s political and legal system. …
… Treasury Department is no longer planning to put anti-slavery crusader Harriet Tubman on a $20 bill; Treasury Secretary Scott Bessent has told Spectrum News. …
… Last week, Treasury Secretary Scott Bessent confirmed that his department was also working on a special $250 note with Trump’s face – although putting a living president on currency would require congressional approval. …
… US Treasury Secretary Scott Bessent, who had been leading trade talks for Washington, said in a pre-recorded interview with CNBC that he expected progress on a mechanism to support future investment too. …
… US Treasury Secretary Scott Bessent said he expected “large Boeing orders” to be announced during the visit, alongside broader Chinese purchases of US energy and agricultural goods. …
The US Mint launched a $1 coin featuring Donald Trump's portrait to celebrate America's 250th anniversary, overcoming a federal ban on living presidents appearing on US currency through a design clause in anniversary legislation. The coins are not being put into circulation but may be used as legal tender, and sold out within hours of going on sale.
The US Mint launched a $1 coin featuring Donald Trump's portrait to celebrate America's 250th anniversary, overcoming a federal ban on living presidents appearing on US currency through a design clause in anniversary legislation. The coins are not being put into circulation but may be used as legal tender, and sold out within hours of going on sale.
The US Mint launched a commemorative $1 coin featuring Donald Trump's portrait to celebrate America's 250th anniversary, making him the first living president to appear on US currency in a century. Federal law typically bars printing US money with images of living persons, though Trump allies in Congress have introduced legislation to make an exception.
Iran launched ballistic missile attacks on US military bases in Iraq and Jordan following American strikes that killed four people, including a child, in a home during a wedding celebration in Sirik, southern Iran. The Jordanian Armed Forces said it intercepted 13 ballistic missiles with no resulting deaths or injuries, while Iran's semi-official media reported the retaliation was in response to the US attack on the wedding site.
U.S. Treasury Secretary Scott Bessent is pressing G20 finance leaders to shrink global trade imbalances, boost growth, and sever business ties to Iran while managing concerns about U.S. debt and bond yields. The meeting in Asheville, North Carolina comes amid uncertainty over Trump tariffs, trade tensions with Canada, and the Iran war's impact on global growth.
China's foreign ministry said it opposes US plans to widen economic sanctions against Iran and its trading partners, including Beijing, and will take "all necessary measures" to protect its rights. US Treasury Secretary Scott Bessent described the sanctions as "the single greatest financial offensive ever" against Iran and warned that any nation financially partnering with Iran would be isolated.
Oil prices slipped more than $2 a barrel on Monday as investors took profits after recent gains, with Brent crude settling down 2.35% to $92.17 and U.S. West Texas Intermediate crude falling 2.35% to $85.01, despite new U.S. sanctions on Iran announced by Treasury Secretary Scott Bessent.
US Treasury Secretary Scott Bessent has threatened Iran with "the single greatest financial offensive ever," saying the US would sever all economic ties and isolate any nation partnering with Iran financially. Iran has dismissed the threat and warned it would shut down all oil exports from the region if the war continues, while also restricting shipping through the Strait of Hormuz.
Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of a U.S. announcement on new Iran sanctions that may disrupt Middle East supplies. Brent crude fell 1.29% to $93.17, while U.S. West Texas Intermediate crude dropped 1.38% to $85.86.
Oil prices edged up on Friday after the United States threatened an indefinite naval blockade of Iran, offsetting earlier bearish signals from weaker demand outlook and large US stock builds. Brent crude rose to $87.08 a barrel and WTI to $81.31 a barrel, with both benchmarks tracking weekly gains of about 4%.
US President Donald Trump secretly exited Air Force One on 8 July in Turkey via a catering truck to board a different military plane over security concerns involving Iran, while cabinet members including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent remained on the decoy aircraft to maintain the line of succession.
Two US cabinet members and other officials remained aboard a decoy Air Force One in Turkey last month while President Trump secretly exited via a catering truck to board a separate military aircraft over Iran security concerns, according to CBS News. The officials stayed behind to maintain the line of succession.
US President Donald Trump secretly exited Air Force One in Turkey on July 8 and boarded a different military plane over security concerns involving Iran, while Secretary of State Marco Rubio and Treasury Secretary Scott Bessent remained on the original aircraft to maintain the presidential line of succession, CBS News reports.
President Trump confirmed he secretly swapped planes while leaving a NATO summit in Turkey in July after US officials detected a credible Iranian threat to fire a missile at the aircraft. Trump said he followed Secret Service and military advice to board a different military jet instead of Air Force One, which had been boarded in public view.
The U.S. Treasury Department announced new guidance expanding incentives for employers to offer paid family leave by allowing them to claim a tax credit if they pay insurance premiums to cover leave costs, broadening eligibility beyond employers that pay wages directly during leave.
Oil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
Oil prices fell to a three-week low after US officials announced progress in talks with Iran to reopen the Strait of Hormuz, with Brent crude dropping nearly 5% to under $80 a barrel. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent said talks had progressed and a deal could be agreed as soon as this week.
Japan and the US have confirmed a joint intervention last week to halt the yen's slide to a 40-year low, marking their first coordinated action since 2011. Both countries' finance officials said they will not hesitate to conduct more joint interventions in the future.
Japan and the US jointly intervened last week to halt a decline in the yen after it weakened to a fresh 40-year low. The joint intervention is the first since 2011, and both countries' finance officials said they will not hesitate to conduct coordinated interventions in the future.
US President Donald Trump said his administration is considering asserting greater authority over artificial intelligence tools following recent cybersecurity incidents involving OpenAI, while emphasizing the need to ensure the US leads in the technology and does not fall behind China.
The Trump administration announced a ban on new foreign-made humanoid robot imports to the US, citing unacceptable risks to national security. The ban also covers power inverters used in data centres and solar panels, with the FCC citing concerns about surveillance and cyberattack risks.
US President Donald Trump took swipes at journalists at the White House Correspondents' Association dinner, accusing many of "Trump Derangement Syndrome" and criticizing "fake news," while the event celebrated press freedom following a shooting that had cancelled the previous dinner three months earlier.
A White House science and technology adviser has accused China's Moonshot AI of carrying out a "large-scale" effort to steal capabilities from top US AI models, including Anthropic's Fable AI, through a process known as distillation. The adviser also alleged that Moonshot gained access to restricted Nvidia servers to train its models.
The United States and China will hold talks over artificial intelligence in September to address risks from each other's increasingly powerful frontier models, five sources told Reuters. The talks, an outcome of the Trump-Xi summit in May, are expected to take place before Chinese President Xi Jinping's planned September 24 visit to the U.S., and will likely be led by U.S. Treasury Secretary Scott Bessent.
Two US-based advocacy groups are suing the Trump administration, arguing that sanctions imposed against the International Criminal Court and Palestinian human rights groups violate free speech rights by suppressing pro-Palestinian advocacy. The groups say the February 2025 executive order illegally "police the political expression of millions of Americans," while Washington defends the sanctions as necessary to protect American citizens and allies.
US President Donald Trump threatened to cut trade ties with Spain and reiterated his desire for the US to take over Greenland during a NATO summit in Ankara, citing Spain's refusal to assist with operations against Iran. Spain's government responded that it considers Trump's statements routine and intends to maintain its relations with the US.
The U.S. Treasury Department is no longer planning to put Harriet Tubman on the $20 bill, Treasury Secretary Scott Bessent told Spectrum News, reversing the Obama administration's 2016 announcement that Tubman would replace Andrew Jackson on the currency.
Donald Trump instructed his representatives to explore making him the featured attraction at a planned 16-day "Great American State Fair" celebration on the National Mall, after several musical acts withdrew from or never committed to the independence anniversary concerts. Trump said he did not want "artists" who were unhappy and got paid too much, preferring instead to be surrounded by happy, successful people.
The UK government has relaxed sanctions on Russian oil refined into diesel and jet fuel in third countries, effective Wednesday, citing growing supply concerns and rising fuel prices. The move also loosens restrictions on Russian liquefied natural gas transport, allowing imports of jet fuel from India and other refiners despite the government's stated commitment to impose severe economic pressure on Russia over its war in Ukraine.
US President Trump visited Beijing with a business delegation and said he struck "fantastic trade deals" with Chinese leader Xi Jinping, though the two-day summit produced warm rhetoric more than concrete agreements. Trump said China agreed to order 200 Boeing planes, but Beijing did not confirm major purchases.
US President Donald Trump and Chinese President Xi Jinping held talks for over two hours in Beijing, with the White House calling the meeting "highly productive," though no sweeping trade breakthrough or major business agreements emerged. Xi warned that if US-China relations are mishandled, the two nations could collide or come into conflict.