Bessent Says Tariffs Will ‘Boomerang Back’ to April Levels by Aug. 1 for Countries Without Deals

Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times Treasury Secretary Scott Bessent said on July 6 that the Trump administration is close to securing several trade deals ahead of Wednesday’s deadline, when higher tariffs are set to kick

Treasury Secretary Responds to Musk’s Intention to Form ‘America Party’

President Donald Trump and Elon Musk attend a press conference in the Oval Office of the White House in Washington, D.C., on May 30, 2025. Nathan Howard/File Photo/Reuters U.S. Treasury Secretary Scott Bessent became the first Trump administration official to respond to Tesla CEO Elon Musk’s announcement that he intends to form a new political

Tuition Hikes and Spending Cuts—What’s Behind the Financial Woes of US Universities?

Colleges and universities across the country, both public and private, face financial challenges ahead of the upcoming academic year, regardless of their size, wealth, and prestige. Layoffs or hiring and wage freezes were recently announced at affluent schools including Cornell, Temple, Northwestern, Duke, Notre Dame, Emory, the University systems in California, Maryland and Nebraska, and

Musk Launches ‘America Party,’ Vows to Challenge 2-Party Dominance

Elon Musk attends the finals for the NCAA wrestling championship in Philadelphia on March 22, 2025. Matt Rourke, File/AP Photo Tech entrepreneur Elon Musk has officially launched a new political party, announcing the formation of the America Party in a July 5 post on his social media platform X. “Today, the America Party is formed