Treasury’s Bessent Says Aug. 1 Talks Advance but Quality Trumps Deadline

U.S. Treasury Secretary Bessent said negotiations tied to the upcoming Aug. 1 deadline are “moving along,” but stressed that the administration will prioritise securing a high-quality agreement over meeting the date. In a CNBC interview on Monday, Bessent added that the President has provided the negotiating team with “maximum leverage” and that officials “are not going to rush.” She did not offer details on the substance of the talks or the remaining points of contention.