Treasury Secretary Scott Bessent, is aggressively pursuing trade policies aimed at reversing decades of trends. subdued in a meaningful way growth in the second quarter due to the impending tariffs. He notes this process "is not going to be pain-free." A growth slowdown could indirectly help manage the nearly $8 trillion in debt needing rollover in the first nine months of 2025 by potentially reducing interest rates. Shaving one point off the interest expense on $7.5 trillion could save $75 billion annually, significantly reducing the deficit.

International Diplomacy Putin reportedly rejected the ceasefire proposal that Ukraine had agreed to and only agreed to a limited ceasefire. Trump's promise to end the wars in Ukraine and Gaza within 60 days is highlighted as already failing

Canada and several European nations (e.g., Denmark, Fra ...