Treasury Sec. Bessent: Could see a larger rate cut in September if Fed doesn't ease in July
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Yahoo
19 minutes ago
- Yahoo
US-Iran nuclear talks to resume in Norway next week: Report
(NewsNation) — White House envoy Steve Witkoff will meet Iranian Foreign Minister Abbas Araghchi in Norway's capital next week to restart nuclear talks, Axios reported, citing two sources familiar with the situation. There is no official date set for the Oslo meeting, according to Axios. Trump to sign 'big, beautiful bill' at July 4 White House picnic It would be the first direct talks since Trump embroiled the U.S. in the Israel-Iran conflict by ordering strikes on three Iranian nuclear sites. The Islamic Republic retaliated with an attack on America's largest installation in the Middle East, Al Udeid Air Base. Days later, Trump helped broker a ceasefire between Iran and Israel — which has sparked hope for an end to violence in Gaza. Hamas suggested Wednesday that it was open to a ceasefire agreement with Israel, but stopped short of accepting a U.S.-backed proposal for a 60-day pause in fighting. Israel said it has already accepted the deal. Iran could restart uranium enrichment in 'months': UN nuclear watchdog On Thursday, Trump met with Edan Alexander, a former American-Israeli hostage, at the White House. 'I told the most powerful man in the world what I went through, what my friends there are going through, and asked him to continue doing everything in his power. … I hope he can achieve another historic breakthrough — a comprehensive deal to free them all, all 50 hostages,' Alexander said in a statement following the meeting. Pressure is mounting as Israeli Prime Minister Benjamin Netanyahu prepares to travel to Washington on Monday for his own meeting with Trump. Before his departure, 35 hostage families signed a letter to the Netanyahu instructing what they want from the conversation. 'Prime minister, you must reach a comprehensive agreement that guarantees the return of every last hostage and brings an end to the fighting,' they wrote. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19 minutes ago
- Yahoo
Russia brushes off talks after largest assault on Ukraine
Russia on Friday said that it sees no immediate diplomatic way out of the war in Ukraine, hours after pummelling the war-torn country with its largest ever drone and missile barrage of the invasion. The hours-long bombardments sent Ukrainians scurrying for shelters across the country and came after a call between Trump and Russian President Vladimir Putin, which ended without a breakthrough. Trump also said he had made no progress in discussions with Putin on ending more than three years of bitter fighting since the Kremlin ordered its troops into neighbouring Ukraine. Earlier, AFP journalists in Kyiv heard drones buzzing over the capital and explosions ringing out throughout the night as Ukrainian air defence systems fended off the attack. Ukraine's President Volodymyr Zelensky also spoke to Trump and said they agreed to work on bolstering the country's defences against aerial bombardment. "We spoke about opportunities in air defence and agreed that we will work together to strengthen protection of our skies," Zelensky said on social media after the call. Tymur, a Kyiv resident who said he had experienced previous Russian attacks, told AFP that the assault in the early hours of Friday felt different from others. "Nothing like this attack had ever happened before. There have never been so many explosions," he said. The Kremlin said Friday it was "preferable" to achieve the goals of its invasion through political and diplomatic means. "But as long as that is not possible, we are continuing the special operation," spokesman Dmitry Peskov said in a briefing, referring to Russia's invasion. - 'War and terror' - Zelensky said air alerts began echoing out across the country as the Trump-Putin call was getting under way. "Yet again, Russia is showing it has no intention of ending the war and terror," he said on social media. He urged the United States in particular to increase pressure on Moscow, which on Friday announced fresh territorial gains on the front line with the capture of a village in the Donetsk region. Poland said its embassy building in Kyiv had been damaged in the attack but that staff were unharmed. Germany's foreign ministry meanwhile said that the timing of the attack showed that Moscow was continuing to "rely on brute force". "Ukraine needs more to defend itself, not less," the ministry said on social media. Berlin was exploring the possibility of purchasing more Patriot air defence systems from the United States for Ukraine, a German government spokesman told reporters. In Kyiv, one person was pulled from the rubble after the strikes, which also wounded at least 26 people, emergency services said. The barrage, according to the air force, comprised 539 drones and 11 missiles. A representative of Ukraine's air force told Ukrainian media that the attack was the largest of the Russian invasion. - 'Complete disregard' - Overnight Russia attacks have escalated over recent weeks. An AFP tally found Moscow launched a record number of drones and missiles at Ukraine in June, when direct peace talks between Kyiv and Moscow appeared to stall. In Kyiv, AFP journalists saw dozens of residents of the capital taking shelter in a metro station. Yuliia Golovnina, who said she sheltered at the metro regularly, described the worry that came with hearing an explosion during an attack. "Will there be another one? Will something collapse on you?" the 47-year-old said. "In those seconds, you just hold your breath and wait to see what happens next," she added. In Kyiv, concerns mounted over whether the US would continue delivering military aid, which is key to Ukraine's ability to fend off the drone and missile barrages. The US announced this week it was reducing some of its aid deliveries. European Commission President Ursula von der Leyen said this was a clear signal that the 27-nation European Union needed to "step up". Ukraine has also ramped up its retaliatory strikes in Russia, where a woman was killed by a Ukrainian drone attack overnight, the acting governor of the Rostov region said. Talks, spearheaded by the United States to secure a ceasefire, have stalled. Delegations from the two sides last met more than a month ago, when they agreed to exchange 1,000 prisoners each. Russia announced a fresh swap of prisoners of war with Ukraine on Friday as part of that agreement. bur-mmp/cad/phz/jhb
The Hill
41 minutes ago
- The Hill
Musk doubles down on third party threat with Independence Day poll
Tech billionaire Elon Musk on Friday leaned into his proposal for a third party amid his growing feud with President Trump over the 'big, beautiful' spending and tax bill with an Independence Day poll online. Hours before Trump signed the sprawling reconciliation package into law, Musk asked followers on social platform X whether he should move forward with creating the 'America Party.' He first floated the idea after his first public spat with the president early last month. 'Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system!' he wrote. 'Should we create the America Party?' The Tesla CEO, who also owns X, reupped the survey several times throughout the day and even gave a glimpse into his potential strategy. 'One way to execute on this would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,' he shared in a subsequent post. 'Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people.' The poll, similar to one he set up for followers last month, is just the latest way Musk sought to get under Trump and GOP lawmakers' skin as the bill made its way to Trump's desk. The House passed the final bill on Thursday, after hours of tense negotiations with GOP holdouts. While the Senate worked to pass its own version of the megabill earlier this week, Musk threatened to back primary challengers of those who supported the legislation. In response, the president warned the billionaire that he could cut government contracts for his many companies and also left open the possibility of deporting the South African CEO. Musk left his senior Trump administration adviser position in late May, after his special government employee designation lapsed. He had originally been tapped to lead the president's Department of Government Efficiency — a commission created to root out waste and fraud within the federal government. While many questioned how long the relationship between the world's richest man and Trump would last, the rift only began after Musk criticized the reconciliation package as a 'disgusting abomination' and said it would be 'political suicide' for Republicans. The president said he was disappointed with the billionaire's analysis, which led to a tense back-and-forth between the men online. Tesla sales have plunged since the squabble. Musk admitted at one point that his comments 'went too far' and the ice seemed to be thawing, but the feud was reignited earlier this week over the bill — which includes an extension on Trump's 2017 tax breaks and sweeping cuts to Medicaid and energy tax credits. During a signing ceremony at the White House Friday, Trump said, 'We made promises, and it's really promises made, promises kept, and we've kept them.' 'This is a triumph of democracy on the birthday of democracy,' he continued. 'And I have to say, the people are happy.'
