U.S. Army Secretary Dan Driscoll is stepping down from his post, according to a Department of Defense official.
Why it matters: Driscoll, the youngest Army secretary in U.S. history, was well-liked in the military and regarded as a Trump 2.0 power player who took on a diplomatic role in talks to end the war between Russia and Ukraine.
ASHEVILLE, N.C. — Treasury Secretary Scott Bessent met with Russian Finance Minister Anton Siluanov on the sidelines of the G20 on Monday, a striking sign of the Trump administration's willingness to reopen high-level engagement with Moscow.
Why it matters: Russia's top financial official is attending the gathering of global economic policymakers in person for the first time since Russia's invasion of Ukraine. His appearance exposed the sharp divide between the U.S. and its European allies over how Moscow should be treated.
President Trump and his senior aides have been consideringwaging limited strikes in the Strait of Hormuzto prevent Iran from reconstituting its radar and missile capabilitiesto attack ships, according to three U.S. officials.
Why it matters: The plan, which was developed over the past weekby U.S. Central Command (CENTCOM) and supported by Secretary of Defense Pete Hegseth, had not been approved by Trump ahead of this weekend's exchange of fire with Iran. But he could greenlight it after the new escalation.
The globe's top economic policymakers gather in the mountains at a shaky period for the global economy, with the Iran conflict driving up energy prices, trade tensions running high and governments facing huge debt loads.
Treasury Secretary Scott Bessent's message to the world: The way through is stronger growth.
Treasury Secretary Scott Bessent made a case for lighter financial regulation at the G20 finance ministers gathering Monday, arguing to CEOs that post-crisis rules have squeezed small banks, according to remarks first shared with Axios.
Why it matters: The private sector has a prominent role in the U.S.-led G20, with business leaders like JPMorgan Chase CEO Jamie Dimon and Goldman Sachs chief David Solomon participating alongside finance ministers and central bankers.
Venture capitalist Josh Kushner is speaking publicly for the first time on his failed efforts to help form a new commercial subsidiary for World Cup organizer FIFA, which would have included up to $4.2 billion in private investment.
Why it matters: This comes just days after European soccer authority UEFA asked a federal judge in Manhattan to approve subpoenas for related testimony and documents from Kushner and his firm Thrive.
The U.S. military struck Iranian military targets to prevent the deployment of sea mines in the Strait of Hormuz, a U.S. official said.
Why it matters: This is the first known U.S. strike in Iran since late July when President Trump paused a two-week U.S. military campaign in the strait in late July.
