News

US Treasury's Bessent ousts IRS acting chief, names deputy to temporary role
U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...
IRS acting head ousted after US Treasury chief wins power struggle with Musk, NYT reports
The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent ...
US Treasury secretary: no risk of China weaponizing Treasuries despite bond market volatility
U.S. Treasury Secretary Scott Bessent in an interview with Yahoo Finance on Tuesday dismissed concerns over China weaponizing ...
Trump Administration Bolsters Putin With Hint of Abandoning Ukraine Talks
President Trump and Secretary of State Marco Rubio both suggested Friday that the United States might wash its hands of the peace effort.
Treasury Secretary Scott Bessent says Americans ready to retire aren’t worried about ‘day-to-day’ market fluctuations
In an interview with NBC News’ “Meet the Press,” Bessent called it a “false narrative” that people who are close to retiring ...
Ex-Treasury secretary: US being treated as ‘problematic emerging market’
Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” ...
The United States and China are locked in a faceoff over tariffs. No one wants to blink first
“Xi will not be forced into a call,” said Sun Yun, director of the China program at the Washington-based think tank Stimson ...
Trump inner circle warned of tariff consequences
The White House has taken pains to say administration officials are unified on the tariff effort announced on April 2, which ...
IRS agrees to unprecedented measure of sharing tax details on illegal migrants with DHS for deportation efforts
Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem signed off on the Memorandum of Understanding ...
U.S. News & World Report3d
US Treasury Secretary: No Risk of China Weaponizing Treasuries Despite Bond Market Volatility
(Reuters) - U.S. Treasury Secretary Scott Bessent in an ... its robust Treasury pile to inflict economic pain on the United States. "If Treasuries hit a certain level or if the Federal Reserve ...