Politics
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
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Treasury Department
News
Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The traditional gathering of former Treasury secretaries to welcome a newly minted one into the fold is usually a lighthearted and…
Politics
‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook…
Politics
Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to…
Politics
Donald Trump issues executive order for "America's bank account"
President Donald Trump signed an executive order Tuesday to overhaul how the federal government tracks and manages trillions of dollars in…
Politics
Trump lawyers urge Supreme Court to block San Francisco judge's order to rehire workers
WASHINGTON — President Trump’s lawyers urged the Supreme Court on Monday to block a judge’s order requiring the government to…
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…
Business
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to…
Politics
America's "Oil Weapon" Hits Russia Hard
"The oil weapon alone will not win the war in Ukraine, but it might just have brought Vladimir Putin to the bargaining table," Rebecca…
Business
Treasury probes DOGE access to federal payment system
By Daniel Orton is an editor on the live news team at Newsweek, based in London, U.K. He was previously a video news editor at the company…
Business
Elon Musk’s Oval Office Talk Dispels Doubts About His Power
We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been…
Politics
Trump to Impose Metal Tariffs on Monday, Followed by Broader Levies
More than 40 lawsuits filed in recent days by state attorneys general, unions and nonprofits seek to erect a bulwark in the federal courts…
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
DOGE access to Treasury records restricted by Justice Department
Lawyers for the Department of Justice have agreed to restrict Elon Musk's Department of Government Efficiency from having access to…
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
Lawmaker demands answers to reports Musk seeking Treasury payment access
Democrat lawmakers have demanded an explanation from the Trump administration as to why tech entrepreneur Elon Musk and his Department of…
Business
You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund
You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect.…
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
Trump’s Executive Order to End E.V. Subsidies Draws Pushback
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits…
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
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…