Scott Bessent, who took the Treasury’s helm in January, told lawmakers in his confirmation hearing the US “is not going to default on its debt” with him in the job. Congressional Wrangling The CBO ...

default on its obligations, or both. Those actions could result in distress in credit markets, disruptions in economic activity, and rapid increases in borrowing rates for the Treasury." ...

On April 16, US further hiked tariffs on exports from China to 245 per cent. "The tariffs have shocked financial markets and are raising the risk of a global economic recession. Continued ...

Bloomberg's Mike Dorning has more on the story. Sky announces 2,000 customer service centre jobs at risk The gigantic Russian Ekranoplan aircraft carrier Scientists identify specific cognitive ...