Treasury Department – MOSAEC

Markets Gain After Trump Says He Has No Plans to Oust Fed Chief

Banking and Financial Institutions Bessent, Scott Currency Customs (Tariff) Federal Reserve System Standard & Poor's 500-Stock Index Stocks and Bonds Treasury Department Trump, Donald J United States

Markets Gain After Trump Says He Has No Plans to Oust Fed Chief

Remarks by President Trump and his Treasury secretary fueled a rebound in global stocks, extending a surge that started on Wall Street.

By Kevin Granville

Treasury Secretary Bessent Talks China Trade War De-Escalation and Tax Cuts

Bessent, Scott China Customs (Tariff) Taxation Treasury Department Trump, Donald J United States Economy United States Politics and Government

Treasury Secretary Bessent Talks China Trade War De-Escalation and Tax Cuts

Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.

By Alan Rappeport

Why the Bond Market Holds Sway Over Trump

Customs (Tariff) Government Bonds International Trade and World Market Protectionism (Trade) Stocks and Bonds Treasury Department United States Economy United States Politics and Government

Why the Bond Market Holds Sway Over Trump

The bond market has emerged as one of the few brakes on the White House at it pursues its agenda on trade, taxes, personnel and more.

By Colby Smith and Jason Karaian

Head of I.R.S. Being Ousted Amid Treasury’s Power Struggle With Elon Musk

Bessent, Scott Government Employees Internal Revenue Service Musk, Elon Shapley, Gary Treasury Department Trump, Donald J United States Politics and Government

Head of I.R.S. Being Ousted Amid Treasury’s Power Struggle With Elon Musk

Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his knowledge.

By Jonathan Swan Andrew Duehren Alan Rappeport and Maggie Haber