Category: Treasury Department

Bessent and Warsh Take On the Bond Bears

The New York Times – Business:
The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.
The World Economy Is Becoming Wary of the U.S.

The New York Times – Business:
America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.
Bessent Defends Faltering Bond Market Intervention

The New York Times – Business:
Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.
U.S. Imposes Sanctions on Russia’s VTB Bank Over Ties to Iran

The New York Times – Business:
The move, which targeted a bank that is already under U.S. sanctions, was part of the Trump administration’s Operation Economic Outcast initiative.
Bond Market Rebukes Bessent by Sending Borrowing Costs Ever Higher

The New York Times – Business:
The Treasury secretary dared “Bloomberg terminal bros” to bet against him and they did.
10-Year Treasury Yield Reaches 5%, Highest Level in Years

The New York Times – Business:
One of the world’s most important interest rates hit a level recorded only once since the global financial crisis, as investors continued to rebuff the Trump administration’s efforts to sway the bond market.
Bessent Takes on the Bond Vigilantes

The New York Times – Business:
As a rout in the bond market deepens, the pressure grows on Treasury Secretary Scott Bessent to restore calm.
A $5,000 ‘Trump Dividend’? The Bond Market May Like a Word.

The New York Times – Business:
President Trump’s latest political gambit could cost more than $1 trillion, and further roil a volatile bond market.
Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields

The New York Times – Business:
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
The Economic Fallout From a Potential Return to $100 Oil

The New York Times – Business:
Brent crude, the international benchmark for oil, is spiking again, reviving fears of inflation.
Bessent Blames Ukraine for High Energy Prices

The New York Times – Business:
After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock driven mainly by the US war with Iran.
Trump Administration Renews Push to Strip Schools of Tax-Exempt Status

The New York Times – Business:
The Treasury Department released rules that would upend how schools qualify for tax-exempt status, a new front in the president’s campaign against higher education.