We present new results from recent X-ray observa- tions of the accreting pre-main sequence stars FU Orionis and T Tauri. XMM-Newton observations of the close binary sys- tem FU Ori reveal an unusual X-ray spectrum consisting of a cool moderately-absorbed component and a hot component viewed through much higher absorption. The two compo- nents thus originate in physically distinct regions. The double absorption spectrum is qualitatively different than observed in typical coronal sources and may signal either non-coronal emission or separate unresolved X-ray contributions from more than one star in the system. High-resolution Chandra imaging of the T Tau triple system shows that its X-ray emis- sion is dominated by the optically-revealed northern compo- nent T Tau N. X-ray spectra of T Tau obtained with XMM can be acceptably fitted with a moderately absorbed two- temperature thermal plasma model. Its spectral properties are similar to those seen in coronal X-ray source.