Wealthy donors and companies can donate individual stocks to the new investment accounts for millions of children. That has raised legal questions.
Category: Treasury Department
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The Little-Noticed Exception in Trump Accounts
The New York Times – Business: -
Whistle-Blower Says I.R.S. Leaked His Tax Records in Retaliation
The New York Times – Business:Brian J. Visalli, a veteran investigator of tax fraud, said in a lawsuit that the agency had sent his personal and tax information to federal prosecutors.
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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The New York Times – Business:The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
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Most American Children Are Being Auto-Enrolled in Trump Accounts. What to Know.
The New York Times – Business:The Trump administration may have just signed up your child — and more than 60 million others — for a 530A savings account (if you haven’t already done so).
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Could A.I. Safety Risks Derail the Sector’s I.P.O. Prospects?
The New York Times – Business:Big liability questions lie ahead for the artificial intelligence labs Anthropic and OpenAI as they push ahead with plans to go public.
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Bond Yields Soar as Investors Foresee Another Fed Interest Rate Increase
The New York Times – Business:The 10-year Treasury yield on Wednesday rose to around 5.1 percent, as investors grew more convinced the Fed Reserve will raise interest rates again.
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Bessent ‘Inadvertently’ Failed to Report Holdings of JPMorgan Stock
The New York Times – Business:Treasury Secretary Scott Bessent’s finances were reviewed by the inspector general after Mr. Bessent incorrectly listed at least $100,000 of the stock, which was owned by his husband, as cash.
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Bessent and China Hail Progress on A.I. Talks. Now Comes the Hard Part.
The New York Times – Business:Artificial intelligence and more are expected to be big issues at this week’s summit between President Trump and Xi Jinping, China’s top leader.
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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.
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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.