Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.
Category: National Debt (US)
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Yellen Issues Debt Limit Warning to Congress
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
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Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?
Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.
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Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets
The president-elect is considering a conflicting mix of qualities as he decides who will steer his economic agenda.
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Trump Says ‘Growth’ and Tariffs Will Pay for $15 Trillion Agenda
In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.
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U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
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An American Sovereign Wealth Fund? Easier Said Than Done.
Creating a U.S. investment fund to compete against those in China and the Middle East could create more problems than it would solve.
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Trump’s Tax Plan Could Add to the National Debt. Harris’s Is a Mystery
The former president’s proposals to cut taxes would lose far more revenue than his plans to raise tariffs. The vice president has not addressed fiscal policy in detail.
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U.S. National Debt Tops $35 Trillion for First Time
The presidential candidates have offered few ideas for reducing the debt burden as red ink continues to mount.