Treasury Secretary Scott Bessent says he’s urging his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs to crack down on trade imbalances. Speaking at the G20 finance minister meetings, Bessent highlighted China's record-high trade surplus and excessive regulation as barriers to global growth. He emphasized the need for countries to protect their manufacturing industries. Despite concerns about U.S. debt reaching $40 trillion, Bessent downplayed fears about bond markets. During discussions, he noted areas of agreement with China, particularly on issues like Iran.

President Donald Trump’s administration plans to overhaul Head Start, a key early education program for the nation's poorest children. Officials from the Department of Health and Human Services say the changes posted online Thursday would encourage more local decision-making by eliminating many federal regulations. Critics argue this could undermine Head Start's effectiveness. The program currently serves around 700,000 vulnerable children, including those who are homeless or in foster care. The proposed changes would replace extensive federal regulations with state and local requirements. Officials claim this could save more than $2 billion and expand the program's reach, but experts warn it may lower standards. The public has 60 days to weigh in.