July 8, 2025 - 18:58
U.S. Treasury Secretary Scott Bessent will not attend the upcoming Group of 20 finance ministers and central bank governors meeting scheduled for next week in South Africa. This decision marks the second occasion this year that Bessent has chosen to forgo participation in a G20 gathering in the host nation. According to sources familiar with the situation, an official from the Treasury confirmed that Michael Kaplan, the acting undersecretary for international affairs, will step in to represent the department at the meeting set for July 17-18 in Durban.
Bessent's absence from this meeting follows his decision to skip South Africa's initial G20 finance meeting earlier this year in February, prioritizing attendance at President Donald Trump's first cabinet meeting in Washington instead. The choice to delegate representation at such a significant international forum raises questions about the U.S. commitment to engaging with global economic discussions during a critical time.
September 6, 2025 - 01:30
Investors React to Unexpected August Jobs Report as Rate Cut LoomsIn a surprising turn of events, investors are absorbing the implications of the recent August jobs report, which revealed a significant slowdown in employment growth. The data has led to a shift in...
September 5, 2025 - 03:08
Majority of Senate Finance Democrats Urge RFK Jr. to ResignAlmost every Democratic member of the Senate Finance Committee has called on Robert F. Kennedy Jr. to step down from his position as secretary of the Department of Health and Human Services. This...
September 4, 2025 - 05:35
Chicago Proposes Shift of Parking Violation Calls to Finance DepartmentIn a significant move aimed at enhancing public safety, Chicago officials are proposing a pilot program that would transfer the handling of parking-related 911 calls from the police department to...
September 3, 2025 - 23:00
Senate Hearing to Highlight Fed Independence as Stephen Miran Awaits ConfirmationWhen the Senate Banking Committee holds a Thursday confirmation hearing for Stephen Miran to be a governor on the Federal Reserve Board, the central bank’s independence is expected to take center...