World | Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president's tax cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.

Billionaire investor Bessent confirmed as Trump's treasury chief

The United States President, Joe Biden, on Monday (May 1) called for a meeting with the top four congressional leaders at the White House after Treasury Secretary Janet Yellen warned that Washington could run short of cash to pay all of the government’s bills as soon as June without a debt limit increase.

US debt ceiling: Amid Yellen's warning, Biden invites House speaker, Congress leaders for talks

Indian Finance Minister Nirmala Sitharaman has spoken over the phone with US Treasury Secretary Janet Yellen. The Treasury Chief conveyed her intention to work closely with India and appreciated India's role as a critical partner in fighting the COVID-19 pandemic.

Indian FM Sitharaman speaks to US Treasury Chief Janet Yellen