A Massachusetts man, Ryan Michael "Reily" English, was arrested at the U.S. Capitol on Monday with Molotov cocktails and knives, confessing to authorities that he intended to kill newly confirmed Treasury Secretary Scott Bessent. The arrest occurred the same day Bessent was confirmed in a 68-29 Senate vote.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
South Korea’s Constitutional Court was forced to adjourn its first impeachment hearing for President Yoon Suk-yeol on Tuesday after he failed to attend, citing security concerns. Yoon, impeached in December following his abrupt imposition of martial law, faces charges of insurrection and is subject to an arrest warrant, further complicating the political turmoil.
Vice President-elect JD Vance has sharply criticized the Biden administration, labeling its economic and policy legacy as a "dumpster fire" during an appearance on Fox News Sunday. Vance’s remarks come as President-elect Donald Trump prepares to assume office after a contentious election.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
Congress is preparing to vote on legislation that would restrict U.S. investments in China as part of a broader government funding bill, lawmakers announced Tuesday.
