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What’s at stake for U.S., China trade talks

By Home - CBSNews.com May 8, 2025 | 7:13 PM

Treasury Secretary Scott Bessent is traveling to Switzerland, where he will lead U.S. trade talks with China this weekend. When asked about progress between the two nations on Thursday, President Trump insisted that China is open to negotiations when it comes to tariffs. CBS News MoneyWatch correspondent Kelly O’Grady has more.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM