Billy Long, who was sworn in just under two months ago, was already the sixth person to hold the job this year. He told NBC News he will be the next U.S. ambassador to Iceland.

President Donald Trump has for months tried to pressure Federal Reserve chair Jerome Powell to resign from his post if he doesn't cut interest rates.

Bessent based his assumption that there’s a written and signed agreement on the trade deals reached with Indonesia and the Philippines. Notably, Indonesia contests some of Trump’s claims about its deal, and details about the Philippines deal remain scant beyond Trump’s Truth Social posts.