Bessent, Scott

U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts

Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.

By Alan Rappeport

Bessent, Scott Corporations Customs (Tariff) Federal Budget (US) Government Efficiency Department (US) Republican Party Stocks and Bonds Tax Cuts and Jobs Act (2017) Taxation Trump, Donald J United States Economy United States Politics and Government

Markets and Corporate America Are Unfazed by Washington Chaos, for Now

The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.

By Talmon Joseph Smith

Bessent, Scott Boycotts Group of Twenty Land Use Policies Ramaphosa, Cyril South Africa Treasury Department Trump, Donald J United States International Relations United States Politics and Government

Bessent to Skip G20 Finance Ministers Meeting in South Africa

The Treasury secretary is the second top U.S. official to boycott the Group of 20 gatherings because of rising tension with South Africa over its land policies.

By Alan Rappeport

Banking and Financial Institutions Bessent, Scott Content Type: Service Federal Reserve System Government Bonds Immigration and Emigration Interest Rates Oil (Petroleum) and Gasoline Personal Finances Protectionism (Trade) Stocks and Bonds Treasury Department

Which Interest Rate Should You Care About?

The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, credit cards and much more, our columnist says.

By Jeff Sommer