Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse

Bessent Leads Trade Talks With China In Paris Ahead Of Trump-Xi Summit Ahead of the upcoming Trump-Xi summit, China and US have begun a fresh round of trade talks to set the stage for the main event.  Trade negotiators led by US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer and China’s Vice Premier He Lifeng held talks in Paris on Sunday to map out plans for a leaders’ summit later this month. The first day of the talks concluded around 6 pm local time, and the delegations will meet again on Monday, Bloomberg reported. The trade...

Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the ‌Strait of ‌Hormuz must be open for ‌the ⁠free flow of energy. They along with their senior officials have expressed agreement that no country can ​be allowed to exact shipping tolls in the Strait of Hormuz. Following this, Thursday saw Iranian state media proclaim that some 30 Chinese vessels are being allowed safe passage by Iran. Bloomberg also freshly reports, "The vessels were allowed to pass...