Trump wants the Federal Reserve to slash interest rates from 4.25% to 1% — something that would normally only happen in a ...

With days to go until President Donald Trump’s country-specific tariffs are set to resume, the White House appears poised to fall short of the sweeping global trade reforms it promised ...

The Nasdaq Composite also hit a record high, gaining 0.5%. It marked the first all-time high since December 16. The Nasdaq ...

Time is running out for the 90-day pause on most of President Trump's tariffs. But at least two bank CEOs are confident there ...

The Senate and House are fighting over Trump’s ‘One Big Beautiful Bill’ and deficit costs, but chief financial officers tell CNBC the tax cuts will become law.

Ukraine's president says Russia repatriated at least 20 of its own dead soldiers in recent exchanges with Ukraine, describing ...

Treasury Secretary Scott Bessent accused Democrats of having “tariff derangement syndrome” in Senate testimony on Thursday, saying the opposition party seems to be disappointed that Trump’s ...

Bessent was pressed by committee ranking member Steny Hoyer, D-Md., on whether the U.S. was in a recession, alluding to President Donald Trump's assertion in a recent NBC interview that a recession ...

Bessent says 464,000 jobs were created in first 100 days, with April gains exceeding forecasts by over 40,000. U.S. is renegotiating tariffs with 17 key partners; Bessent expects most deals ...

Eight economists that make up the NBER committee determine a recession. The last one was during COVID in 2020. ... so I see no reason that we have to price in a recession," Bessent said.

Bessent also pushed back against recession fears under Trump’s tariff policies, saying the spending habits of people are “very different.” He added that he prefers to look at people’s ...