Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy.
Category: National Debt (US)
-
Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
-
Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify
The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.
-
The Dollar Has Its Worst Start to a Year Since 1973
It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.
-
Record Debt Limit Increase Would Break Republican Precedent
A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility.
-
Counting Up the Potential Costs of the Trump-Musk Rift
The clash between the president and Teslas C.E.O. wiped billions off the electric vehicle maker’s market capitalization. Other risks abound.
-
Deficit Politics Returns in Debate Over Trump Tax Cuts
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders have promised to tame for years.
-
How Hard Will Musk Fight Republicans’ Budget Bill?
The tech mogul is urging followers to pressure lawmakers to “KILL THE BILL,” potentially undermining a key plank of President Trump’s domestic agenda.
-
Republicans Try to Discredit Experts Warning About the Cost of Tax Cuts
President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions.
-
Republican Policy Bill Would Add $2.4 Trillion to Debt, Budget Office Says
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of their bill to enact President Trump’s agenda.
-
Ray Dalio’s Prescription for Avoiding Fiscal Catastrophe
The hedge fund billionaire’s take on how to fix America’s fiscal woes is getting a warm reception in Washington, even as he suggests drastic changes.
-
The House Passed Trump’s Megabill. Bond Investors Are Worried.
Republicans brought the president’s tax cuts one step closer to reality, but Wall Street remains on edge about the fiscal costs.