Politics
Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
President Trump on Wednesday abruptly reversed course on steep global tariffs that have roiled markets, upset members of his own party and…
Tag
Bessent
Politics
Treasury Secretary Scott Bessent: Fired federal workers could fill factory jobs created under Trump
Treasury Secretary Scott Bessent said the Trump administration is planning to boost U.S. manufacturing jobs by filling them with fired…
Politics
After Navarro Defends Tariffs, Bessent Says Trump Is Ready to Negotiate
Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations…
Business
Wall Street’s Decision Makers Brace for More Chaos After Markets Plunge
There was little rest on Wall Street this weekend. There was plenty of anger, anxiety, frustration, and fear. Anger at President Trump for…
Politics
High Stakes and Lack of Details Add to Jitters About Trump Tariffs
What’s behind door No. 1? President Trump likes a big splash, and he’s not holding back for Wednesday’s introduction of reciprocal tariffs…
Politics
Trump Threatens Tariffs Against Countries That Buy Venezuelan Oil
President Trump said on Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those…
Politics
U.S. Could Run Out of Cash by July, Analysis Finds
The United States could run out of cash to continue paying its bills by mid-July if Congress does not take action to raise or suspend the…
News
Markets and Corporate America Are Unfazed by Washington Chaos, for Now
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats…
Politics
Treasury Secretary Expected to Visit Kyiv
The first senior Trump administration official was expected to visit Ukraine, a day after Russia released an American prisoner in a…
Business
What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac, two giant mortgage finance firms, have been controlled by the federal government for nearly 17 years, but a…
Politics
Treasury Sought to Freeze Foreign Aid Payments, Emails Show
In the days after President Trump took office, as Elon Musk’s team began pressing for access to the Treasury Department’s payments system,…
Politics
What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
While he was campaigning last fall, President Trump bemoaned the lack of a U.S.-backed investment fund and promised to create one. “Other…
Politics
Trump Tariffs Threaten to Upend Global Economic Order
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading…
Politics
Senate Confirms Scott Bessent as Treasury Secretary
The Senate on Monday voted 68 to 29 to confirm Scott Bessent to be President Trump’s Treasury secretary, putting in place the new…
Politics
Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a…
Politics
A Trump Oligarchy Is Moving to Washington, and Buying Up Prime Addresses
President Biden warned in his farewell address to the nation last week that an oligarchy is taking shape in America. In Washington, the…
Politics
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using “extraordinary…
Politics
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The United States is poised to add trillions of dollars to the national debt over the next decade as the mounting costs of social safety…
Politics
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
A test for Trump’s cabinet pick For businesses and markets, perhaps the most important of the hearings for the incoming Trump…
Politics
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s pick for Treasury secretary, will face questions from lawmakers on Thursday about how he…
News
Trump era will usher "economic golden age," Treasury pick Scott Bessent
Scott Bessent, President-elect Donald Trump's nominee for U.S. Treasury secretary, is expected to declare during his confirmation hearing…
Politics
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to…
Politics
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to…
Politics
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend…