After tariff talks collapsed, President Trump has repeatedly raised tariffs on Canada and warned of severe consequences if Canada resists, even as senior US officials seek to de-escalate and restart negotiations. Treasury Secretary Bessent said the a

2026-08-25

After tariff talks collapsed, President Trump has repeatedly raised tariffs on Canada and warned of severe consequences if Canada resists, even as senior US officials seek to de-escalate and restart negotiations. Treasury Secretary Bessent said the administration wants Canada back at the table for sincere talks. Canadian Prime Minister Carney said a mutually beneficial agreement is possible but Canada will only return once the US adopts an appropriate stance toward Canadian industries. Vice President Vance said talks are ongoing and urged Carney to demonstrate Canada will not take advantage and that trade policy be fair.

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CNBC, citing two senior Treasury officials, reports the US Treasury may tap roughly $1 trillion in its Treasury General Account (TGA) at the Federal Reserve to fund an expanded government bond repurchase program. Using the TGA would give the Treasury

2026-08-25

The U.S. Supreme Court on Monday granted the Justice Department's emergency request to stay a lower-court injunction that had blocked Trump's March executive order limiting mail voting in 23 Democratic‑run states and Washington, D.C., clearing a path