US Treasury Secretary Scott Bessent outlines Trump’s economic priorities: Debt reduction, deregulation, and new trade deals. All this in the backdrop of Trump declaring that his imminent tariffs could go as high as 70%.

Treasury Secretary Scott Bessent criticized Elon Musk 's new political party, saying the world's wealthiest man wasn't a popular part of the Trump administration. Asked about Musk's move, Bessent told CNN's Dana Bash that the ideas behind the administration's Department of Government Efficiency effort, also known as DOGE, were "very popular."

The United States is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, U.S. Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days.

Major US trading partners hurried over the weekend to secure trade deals or lobby for extra time, while Treasury Secretary Scott Bessent indicated that some countries lacking an agreement by the deadline Wednesday will have the option of a three-week extension to negotiate.

Treasury Secretary Scott Bessent said on Sunday that if U.S. trading partners do not make progress on trade negotiations, tariffs will go back to April levels, effective August 1.