With over 40 million Americans at risk of losing vital SNAP benefits due to the ongoing government shutdown, Treasury Secretary Scott Bessent hints at possible emergency payouts by Wednesday. However, uncertainty remains as federal courts mandate action on funding.
Treasury Secretary Scott Bessent warns that parts of the economy are already in recession and more could follow without interest rate cuts. The Fed's recent decisions and the looming government shutdown add to the uncertainty.
SNAP food benefits for 42 million Americans could restart as early as Wednesday after federal judges mandated the use of emergency funds during the government shutdown. Treasury Secretary Bessent confirms no appeal will be made.
In a surprising turn of events, Trump praises a significant win for Argentina's Milei, whose party's electoral success may stabilize the country's troubled economy. Discover how this impacts the US and global markets!
In a significant diplomatic breakthrough, U.S. Treasury Secretary Scott Bessent announced a successful framework for the upcoming summit between American and Chinese officials, discussing key issues like TikTok and trade.
In a decisive move, the US Treasury has imposed new sanctions on Russia's largest oil companies, Rosneft and Lukoil, as part of efforts to pressure the Kremlin amid ongoing conflict in Ukraine. Secretary of the Treasury Scott Bessent calls for an immediate ceasefire and emphasizes the need for a peaceful resolution.
The Treasury Department has banned employees from sharing photos of the East Wing demolition as viral images prompt questions about the $250 million renovation project for Trump's new ballroom.
Market confidence soars as Trump softens his stance on China, promising investors stability. Stocks rise amid upcoming earnings reports and trade negotiations.
In a shocking move, the federal government has begun layoffs affecting thousands of employees due to the ongoing shutdown. With various agencies impacted, including Education and Commerce, the unions are pushing back against the legality of these actions.
In a drastic move, the White House has initiated layoffs affecting over 4,000 federal employees as part of its reduction-in-force strategy during the ongoing government shutdown. Key departments like Treasury and Health and Human Services are hit hardest, raising concerns about public services.
