US Trade Representative Jamieson Greer, left, and US Secretary of the Treasury Scott Bessent take part in a press conference after two days of closed-door discussions on trade between the United States and China, in Geneva, Switzerland, Monday, May 12, 2025. (Jean-Christophe Bott/Keystone via AP)
Global Trade

U.S. and China reach a deal to slash sky-high tariffs for now, with a 90-day pause

U.S. Secretary of Treasury Scott Bessent and U.S. President Donald Trump look on during The White House Digital Assets Summit in the State Dining Room of the White House on March 7, 2025 in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)
United States

U.S. economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

U.S. Treasury Secretary Scott Bessent speaks at an Economic Club of New York event in New York City, U.S., March 6, 2025. REUTERS/Jeenah Moon
Markets

Whether U.S. is heading for recession or just ‘detox,’ downturns are costly

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