US Treasury says Bessent picks White House official as new chief of staff

YouTube has reached a settlement in a lawsuit with Donald Trump, agreeing to pay $22 million. This significant amount will be allocated towards the construction of a ballroom at the White House, which is an exciting development for the Trump administration. The settlement not only resolves the legal dispute but also contributes to enhancing the White House's facilities, making it a noteworthy event in the ongoing narrative of Trump's presidency.

A recent text leak involving Agriculture Secretary Brooke Rollins reveals that Argentina has secured a significant soybean deal with China following a U.S. bailout, leaving American farmers feeling sidelined. This situation highlights the unintended consequences of international financial assistance, as it appears to benefit foreign markets while domestic producers struggle. The implications of this deal could further strain U.S.-Argentina relations and raise questions about the effectiveness of U.S. agricultural policies.

The White House has released the full text of President Trump's proposal aimed at ending the ongoing conflict in Gaza, coinciding with a press conference featuring Israeli Prime Minister Benjamin Netanyahu. This development is significant as it highlights the U.S. administration's efforts to mediate peace in a region marked by prolonged violence, and it could influence future diplomatic relations and stability in the Middle East.

Switzerland has reached a rare agreement with the US Treasury, signaling a commitment not to manipulate its currency. This joint statement is viewed as a green light for potential further currency interventions by the Swiss central bank. This development is significant as it reflects a cooperative approach to currency management, which could stabilize financial markets and enhance economic relations between the two nations.

The Swiss National Bank and the U.S. Treasury have reaffirmed their commitment to maintaining stable exchange rates, emphasizing the importance of a stable financial environment for global trade. This collaboration highlights the ongoing efforts of both institutions to ensure economic stability, which is crucial for investors and businesses alike. By working together, they aim to mitigate volatility in currency markets, fostering confidence among market participants.

The US Treasury's gold reserves have reached a remarkable milestone, surpassing $1 trillion in value, which is over 90 times the amount recorded on the government's balance sheet. This surge comes as gold prices hit new all-time highs, reflecting the precious metal's growing importance as a safe-haven asset. This development is significant as it highlights the strength of the US economy and the increasing demand for gold amidst global uncertainties.

President Donald Trump is set to meet with the top four congressional leaders at the White House as the deadline for federal funding approaches. This meeting is crucial as it could determine whether a short-term spending bill can be agreed upon to avoid a government shutdown. The outcome of these discussions will impact various federal services and programs, making it a significant moment for both lawmakers and citizens.

As the deadline for a government shutdown looms, expectations for the upcoming summit between President Donald Trump and congressional leaders are low. The political climate suggests that both sides may prefer to maintain the stalemate rather than reach a compromise, which could lead to the first government shutdown in nearly seven years. This situation is significant as it highlights the ongoing divisions in U.S. politics and the potential impact on government services and employees.

The article discusses how the White House is effectively managing various economic challenges, from tariffs to military deployments, while markets seem to be largely unaffected by the surrounding noise. This matters because it highlights the resilience of financial markets in the face of political and economic uncertainty, suggesting that investors are focusing on fundamentals rather than distractions.

In a surprising turn of events, President Donald Trump is set to meet with top congressional leaders, including Hakeem Jeffries and Chuck Schumer, in an effort to prevent a government shutdown. This meeting comes just days after he canceled a previous discussion on the matter. The outcome of this gathering is crucial as it could determine the government's ability to continue functioning and avoid disruptions that would affect millions of Americans.

Former President Donald Trump is set to meet with top Congressional leaders on Monday, according to a White House official. This meeting is significant as it could influence ongoing discussions about key legislative priorities and the political landscape ahead of upcoming elections. Trump's engagement with Congressional leaders may also signal his continued influence within the Republican Party.

The White House is considering a proposal that could significantly benefit Intel, potentially providing the tech giant with a substantial advantage in the competitive semiconductor market. This move is important as it highlights the government's support for domestic manufacturing and innovation, which could lead to job creation and economic growth.

A Chinese woman has been convicted following the UK's largest cryptocurrency seizure, valued at over £5 billion. This significant event marks a major victory for law enforcement in their ongoing battle against global money laundering operations. The seven-year investigation highlights the increasing scrutiny and regulation of cryptocurrencies, which is crucial for maintaining financial integrity and combating illicit activities.

President Trump has announced a significant increase in tariffs, imposing a 10% tax on lumber imports and a hefty 25% on cabinets and furniture. This move is likely to raise prices for consumers and could lead to a slowdown in the housing market, as builders face higher costs. The decision reflects ongoing tensions in trade relations and may provoke retaliatory measures from affected countries, making it a critical issue for both the economy and international diplomacy.

Zijin Gold made a remarkable entrance on the Hong Kong stock exchange, experiencing a significant surge in its debut. This comes after the company, part of China's largest mining group, successfully raised $3.2 billion, marking the largest initial public offering globally since May. This event is noteworthy as it highlights the growing interest in mining stocks and the potential for investment in the sector, especially in a market that has seen fluctuating investor confidence.

Senator Vance has expressed concerns that the United States is on the brink of a government shutdown following a recent meeting with Democratic leaders. This situation is significant as a shutdown could disrupt essential services and impact millions of Americans, highlighting the ongoing political tensions and challenges in reaching a budget agreement.

The Bank of Japan (BOJ) recently discussed the possibility of a near-term interest rate hike during its latest meeting, according to the meeting summary. This is significant as it reflects the central bank's ongoing evaluation of Japan's economic conditions and inflation trends. A rate hike could impact borrowing costs and consumer spending, influencing the overall economic landscape in Japan.

A US court has intervened to suspend former President Trump's decision to lay off hundreds of employees at Voice of America, a key media outlet. This ruling is significant as it protects the integrity and independence of public broadcasting, ensuring that the voices of diverse communities are heard. The court's action highlights the importance of safeguarding journalistic institutions from political interference, which is crucial for a healthy democracy.