financetom
Economy
financetom
/
Economy
/
US outlines growth, deregulation, energy as priorities for G20 presidency, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US outlines growth, deregulation, energy as priorities for G20 presidency, sources say
Oct 16, 2025 2:58 PM

WASHINGTON (Reuters) -The U.S. will focus on economic growth, deregulation and energy as key priorities for its G20 presidency next year, Treasury Secretary Scott Bessent told a meeting of the world's major economies on Thursday, two sources familiar with the remarks said.

The upcoming U.S. presidency of the G20 has stirred curiosity and uncertainty, given U.S. President Donald Trump's moves to quit multilateral treaties and organizations and slash development aid, while eliminating any focus on climate change, an issue that has preoccupied the G20 in recent years.

Bessent outlined Washington's priorities during a G20 meeting on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, as is customary for the country preparing to take over leadership the following year, the sources said on condition of anonymity.

The U.S. Treasury declined to comment.

South Africa, the current G20 leader, will hand off to the U.S. after a leaders summit in late November that Trump will not attend, sending Vice President JD Vance in his place.

Big themes for the U.S. will be promoting investment in global critical minerals supply chains, and working with the private sector to understand what drives innovation, including the use of artificial intelligence, the sources said.

Bessent also listed improving structural, regulatory and tax systems, and addressing countries' debt issues, which had been a big focus of South Africa this year.

G20 finance officials earlier on Thursday issued a declaration on debt, calling for further efforts to boost debt sustainability, enhance transparency and give borrowing countries a stronger voice in the process, its first standalone communique on debt since the COVID-19 pandemic.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US trade deficit widens in November
US trade deficit widens in November
Jan 7, 2025
WASHINGTON (Reuters) - The U.S. trade deficit widened in November, likely as businesses worried about President-elect Donald Trump's threats to raise tariffs on foreign goods front-loaded imports, more than offseting a surge in exports to a record high. The trade gap increased 6.2% to $78.2 billion from a revised $73.6 billion in October, the Commerce Department's Bureau of Economic Analysis...
US service sector growth picks up; input prices gauge highest in nearly two years
US service sector growth picks up; input prices gauge highest in nearly two years
Jan 7, 2025
WASHINGTON (Reuters) - U.S. services sector activity accelerated in December, but a surge in a measure of prices paid for inputs to near a two-year high pointed to elevated inflation, consistent with the Federal Reserve's projection for fewer interest rate cuts this year. The Institute for Supply Management (ISM) said on Tuesday that its nonmanufacturing purchasing managers index (PMI) increased...
US job openings increase in November; hiring falls
US job openings increase in November; hiring falls
Jan 7, 2025
WASHINGTON (Reuters) - U.S. job openings unexpectedly increased in November, but a softening in hiring pointed to a slowing labor market. Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the last day of November, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday....
US Dollar Falls Early Tuesday Ahead of Trade, Institute for Supply Management Nonmanufacturing, JOLTS Data
US Dollar Falls Early Tuesday Ahead of Trade, Institute for Supply Management Nonmanufacturing, JOLTS Data
Jan 7, 2025
07:26 AM EST, 01/07/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a gain versus the yen, before a busy data release schedule that starts with the international trade report for November at 8:30 am ET. Weekly Redbook same-store sales are due at 8:55 am ET, followed by the Institute for Supply...
Copyright 2023-2026 - www.financetom.com All Rights Reserved