US Treasury Secretary Scott Bessent said on Tuesday that Europe remains a key ally of the United States despite growing tensions over the fate of Greenland. He noted that Washington's membership of NATO is not in question and that both sides are working together to end the war in Ukraine.

U.S. President Donald Trump’s third visit to Davos as president comes as U.S. allies worry about his ambition to take over Greenland, Latin America grapples with his efforts to reap Venezuela’s oil and business leaders and lawmakers at home express concerns about his hardball tactics toward Federal Reserve Chair Jerome Powell.

President Trump’s decision on the next Federal Reserve chairman could come as soon as next week, Treasury Secretary Scott Bessent said Tuesday. Trump has narrowed the race down to four potential candidates to replace Federal Reserve Chairman Jerome Powell,

New Treasury Department initiatives to combat fraud in Minnesota mark the latest action by the Trump administration amid the scandal.

The Fed is a separate agency from the U.S. Treasury, but both are responsible for keeping the economy stable. Here's the difference between the two bodies.