The U.S. Treasury has taken extraordinary measures to delay breaching the federal debt limit by suspending G Fund reinvestments, extending borrowing capacity by $300 billion. Acting Treasury Secretary ...

Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest ...

But one of the first questions Bessent faced was whether he would let the Internal Revenue Service offer taxpayers a free tax-filing platform this tax season, which starts Jan. 27. “Will you commit to ...

Historically speaking, current US levels are about average. Compared with other affluent countries, they’re low. But there ...

Trump’s pick to lead the Central Intelligence Agency is John Ratcliffe, who formerly served as Director of National ...

Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S.

President-elect Donald Trump (R) announced hedge fund manager Scott Bessent as his nominee for secretary of the Treasury on November 22, 2024. This presidential appointment requires Senate ...

Scott Bessent's critic in Catherine Rampell is too pessimistic, while Bessent is arguably not optimistic enough.

President Donald Trump wasted no time in getting to work on his first day in office with a range of executive orders, but the ...

A slate of President Trump’s Cabinet nominees have appeared before senators in recent days for key hearings on their road to ...

Tuesday to support Scott Bessent’s nomination as Treasury Secretary, clearing the way for his confirmation on the Senate ...