Category: Treasury Department

Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
U.S. Considers Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
The Peace Rally Gets Derailed

The New York Times – Business:
Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
Bessent Questions the Cause of Climate Change and Its Economic Toll

The New York Times – Business:
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
Bessent and Powell’s A.I. Anxiety

The New York Times – Business:
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children

The New York Times – Business:
The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
Democrats Examine Elon Musk’s Role in Suspension of Business Disclosure Law

The New York Times – Business:
Lawmakers have asked the Treasury Department for information on how Mr. Musk may have influenced the decision to end enforcement of the Corporate Transparency Act.
Private-Credit Wobbles Could Prove Perilous for Trump

The New York Times – Business:
The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
Trump’s Signature to Be Added to U.S. Dollars

The New York Times – Business:
President Trump is set to be the first sitting president to have his signature appear on America’s currency.
Trump Draws Bipartisan Backlash for Easing Oil Sanctions on Russia and Iran

The New York Times – Business:
Republicans and Democrats alike have criticized the Trump administration’s moves, taken to stabilize oil markets rocked by the war with Iran, warning that it is benefiting two U.S. adversaries.
Covid Relief Loans Are Haunting Small Businesses

The New York Times – Business:
The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
Trump Faces Blowback on Easing Iran Oil Sanctions

The New York Times – Business:
President Trump once assailed the Obama administration for making cash payments to Iran. Now he supports sanctions relief that could give the country a $14 billion windfall.