The treasury secretary added that DOGE's efforts could eventually lead to “several percent of GDP that we are saving.”

U.S. Treasury Secretary Scott Bessent announced on X that he will miss next weeks G20 finance ministers and central bank governors meeting in Cape Town due to obligations in Washington. A senior official will attend in

The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.

Pretoria noted US Treasury Secretary Scott Bessent's decision to skip the G20's Finance Minister's meeting scheduled to take place in Cape Town next week.

Ukraine is one of Europe’s largest supplier of rare-earth minerals, with rich deposits of metals including lithium, titanium, uranium and iron.

U.S. Treasury Secretary Scott Bessent will skip next week's meeting of finance ministers and central bankers from the Group of 20 countries in Cape Town, South Africa, the New York Times reported on Wednesday,