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Bessent won Senate confirmation with the support of more than two dozen Democrats.

After a meeting with Texas Gov. Rick Perry, President Obama addressed the influx of migrant children on the U.S.-Mexico border.

President Trump has contradicted himself multiple times when it comes to the stated reason for the U.S. war against Iran.

The International Olympic Committee has disqualified a Ukrainian sled athlete over his refusal to remove images of war dead from his helmet in competition.

When it comes to North Korea's latest belligerence, U.S. officials can sound more like an exasperated parent responding to a child's tantrum. That's just their first warning, though.

Federal Reserve Chairman Ben Bernanke has signaled Fed policymakers will cut interest rates later this month. He said "downside risks to growth have increased," and that the outlook for inflation has improved.

The Federal Reserve has cut the federal funds rate to the lowest level on record. The new target is a range of zero to 0.25 percentage points. The drop in the rate is expected to result in a quick reduction in the prime lending rate.

The Federal Reserve kept its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent. It said, however, that strains in financial markets had "increased significantly."

Two Japanese navy helicopters carrying eight crew members crashed in the Pacific Ocean during a nighttime training flight after possibly colliding with each other.

There was both good news — and bad news — in the latest jobs report, providing an unclear picture as the Federal Reserve weighs how much to cut interest rates.