Washington Today (4-23-25): Treasury Sec: there is an opportunity for U.S.-China trade 'big deal'

Treasury Secretary Scott Bessent says there is an opportunity for a "big deal" between the U.S. and China to "rebalance" on trade and make China less dependent on manufacturing exports.

The stock market responds favorably to signs that weeks of trade tensions and tariffs threats between the world's two largest economies may be easing. Dow up 400.

The Treasury Secretary also calls for the International Monetary Fund to focus on its core missions of economic stability and development and less on things like climate change

The Supreme Court hears a case about whether fuel producers can sue the EPA over its letting California impose more stringent vehicle emission standards than federal standards to transition from gas to electric cars.

President Trump accuses Ukrainian Volodymyr Zelensky of 'inflammatory statements' that "would do nothing but prolong" the war with Russia after Zelensky said his country cannot recognize Russian control of Crimea, which Russia annexed in 2014.

Commerce Secretary Howard Lutnick says at the annual Holocaust Days of Remembrance ceremony in Washington the President will always stand by Israel and the Jewish people.

Vice President JD Vance speaks about being one of the final public officials to meet with Pope Francis before he died.

Sen. Dick Durbin (D-IL), Minority Whip, says he will not run for reelection in 2026, retiring after 44 years of service in the U.S. House and Senate.

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