US Treasury Secretary Bessent advocated for international cooperation and criticised the IMF and World Bank for straying from their core missions, signaling a nuanced approach to global finance. However, this message was immediately countered by the White House, which reaffirmed its commitment to maintaining tariffs on China until a new deal is reached.
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According to the announcement made on Friday, the plan to increase the withholding rate from 10% to 100% will take effect on March 27, and will only apply to “new overpayments.†The administration said that the withholding rate for current beneficiaries with an overpayment before March 27 will not change, nor will the withholding rate for Supplemental Security Income overpayments.
Author Salman Rushdie testified in the trial of Hadi Matar, accused of stabbing him during a 2022 event in New York. Rushdie described the attack vividly and noted the ongoing impact on his health. Matar has pleaded not guilty to attempted murder and assault charges.
New Canadian Prime Minister Mark Carney will run in the Ottawa area district of Nepean as he seeks to join Parliament amid escalating trade tensions with the U.S. President Donald Trump. The general election on April 28 will focus on Canada's sovereignty and dealing with Trump's economic threats. Carney replaced Justin Trudeau and faces Conservative leader Pierre Poilievre.
US President Trump had a "constructive" call with Ukrainian President Zelenskyy about a potential ceasefire with Russia. They discussed the US taking control of Ukrainian power plants to safeguard infrastructure. Trump proposed American ownership as the best protection. The leaders also talked about monitoring a ceasefire and additional missile defense for Ukraine. Continued US intelligence support was reaffirmed despite stalled ceasefire negotiations.
Since her election loss, Kamala Harris has been flooded with offers from publishers who want some inside gossip from her. According to reports, top publishers are ready to pay her as much as $20 million in advance if she signs a contract for writing a book -- honestly detailing what happened in the election campaign, what happened between her and Joe Biden.
Intense clashes between Pakistani and Afghan security forces at the Torkham border have forced 15,000 residents to flee, causing widespread panic. The violence, which began during Ramadan, disrupted trade and stranded 5,000 trucks, as tensions over an Afghan-constructed outpost remain high.
A 3.9 magnitude earthquake hit near Malibu at 8.17 pm, causing mild shaking felt from Long Beach to Oxnard. The earthquake's epicenter was four miles from Thousand Oaks. It is part of a pattern of increased seismic activity in Southern California, with no reported damage.
The Department of Veterans Affairs plans to cut over 80,000 jobs as part of a large-scale restructuring to improve efficiency, bringing workforce levels back to 2019. This move, set for August, is part of a wider government downsizing. Critics worry about potential negative impacts on services for the 9 million veterans relying on the VA.
US President Donald Trump paused the enforcement of a law banning TikTok, allowing the app to continue operations for 75 days while negotiations take place. This decision overturned a ban citing national security concerns and granted legal clarity for app store hosts under potential penalties.
Russia claimed that Ukraine launched a counterattack in the Kursk region to halt Russian troops. Ukrainian forces, using tanks and armored vehicles, targeted the village of Berdin. Pro-Kremlin sources noted Ukraine's advance towards Bolshesoldatsky district. Kyiv officials provided sparse details, with a senior official stating, 'Russia is getting what it deserves.'