Shocked by Trump’s trade war, foreign investors are selling U.S. government bonds, long the world’s safe haven.
Category: Treasury Department
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Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
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‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market
In the usually steady government bond market, the yield on the 10-year Treasury has risen to more than 4.5 percent from less than 4 percent at the end of last week.
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Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
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U.S. Could Run Out of Cash by July, Analysis Finds
The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.
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Stocks Fall Into a Correction With Investors Down on Trump
The S&P 500 is now more than 10 percent below its last record high — a line in the sand for investors worried about a sell-off gathering steam.
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Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
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Trump Seeks to Bar Student Loan Relief to Workers Aiding Migrants and Trans Kids
The president signed an order that would deny loan forgiveness to workers for groups engaged in “substantial illegal activities,” which it indicated included things like diversity initiatives.
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What is Trump’s Crypto Reserve Plan?
The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.
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Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.
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Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.
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Bessent to Skip G20 Finance Ministers Meeting in South Africa
The Treasury secretary is the second top U.S. official to boycott the Group of 20 gatherings because of rising tension with South Africa over its land policies.