On Thursday’s broadcast of the Fox News Channel’s “Special Report,” Treasury Secretary Scott Bessent said that he has sympathy for some members of the Senate who want more spending cuts, but the issue can’t be solved in a year and dealing with the government’s fiscal issues requires “a combination of restraining and cutting spending and […]
Bessent: Trade Talks with China ‘a Bit Stalled’, ‘Close’ on a Couple ‘Very Large Deals’
On Thursday’s broadcast of the Fox News Channel’s “Special Report,” Treasury Secretary Scott Bessent said that there are a couple of “very large” trade deals that “are close” but talks with China “are a bit stalled.” And will require direct talks between Xi and President Donald Trump. Bessent stated, “There are a couple of very […]
U.S.-China tariff talks end for the night and will continue Sunday, source says
Sensitive talks between U.S. and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, a source briefed on the meetings confirmed to CBS News. There was no immediate indication whether any progress was made Saturday during the more than 10-hour meeting between […]
U.S. could face default by August if Congress doesn’t address debt ceiling, Bessent says
Washington — Treasury Secretary Scott Bessent told Congressional leaders Friday that the federal government could be unable to pay its bills as soon as August if Congress doesn’t act, urging lawmakers to address the debt limit by mid July. In a letter to House Speaker Mike Johnson, Bessent said after reviewing April tax filings, “there is […]
Reporter’s Notebook: Who pays for tariffs?
Reporter’s Notebook: Who pays for tariffs? – CBS News Watch CBS News As officials debate who pays for tariffs, small business owners say the answer is on their import bill. “CBS Evening News” co-anchor John Dickerson explains. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now […]