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Treasury Secretary Scott Bessent hit back at Sen. Elizabeth Warren, D-Mass., defending the Trump administration’s decision to provide Argentina a $20 billion currency swap line with Argentina’s central bank earlier in October. Bessent’s response came after Warren issued a letter voicing concern and requesting answers on why the Trump administration was moving forward with providing Argentina a financial lifeline as its economy struggles, particularly during a U.S. government shutdown, which started […]

The Treasury Department under President Donald Trump sanctioned Russia’s two largest oil producers, Rosneft and Lukoil, on Wednesday, escalating pressure on the Kremlin to end its war in Ukraine. Treasury Secretary Scott Bessent said the move targets the oil companies that "fund the Kremlin's war machine" and called on Moscow to agree to an "immediate ceasefire."  "We canceled the meeting with President Putin," Trump told reporters in the Oval Office alongside […]

Tesla is recalling 12,963 vehicles in the U.S. over a battery pack defect that could cause a sudden loss of power.The recall affects certain 2025 Model 3 and 2026 Model Y vehicles, which may lose the ability to accelerate while driving, raising the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said in a notice issued Tuesday.About 1% of the recalled vehicles are estimated to have […]

The U.S. national debt surpassed another historic milestone as it topped $38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace.New data from the Treasury Department released on Wednesday showed that the gross national debt reached $38,019,813,354,700.26 as of Oct. 21.The $38 trillion milestone comes a little over two months after the U.S. national debt reached $37 trillion for the first […]