"I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent said of Musk's depart

Treasury Secretary Scott Bessent said Sunday he imagined that Elon Musk's businesses' boards weren't so keen on the Tesla CEO's unveiling of his new "America Party." The big picture: The world's richest man — who before his explosive fallout with President Trump said he'd do a lot less political spending moving forward — became a GOP mega-donor last year.

Bessent confirmed that US allies and trading partners have been scrambling to finalise trade deals before the looming July 9 deadline, when high tariffs on dozens of nations are scheduled to take effect.

Treasury Secretary Scott Bessent offered some more clues about tariff/trade negotiations as the president's latest deadline approaches this week. "We are going to have several announcements in the next 48 hours,

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.