President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.
Category: Treasury Department
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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.
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Which Interest Rate Should You Care About?
The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, credit cards and much more, our columnist says.
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Elon Musk’s Oval Office Talk Dispels Doubts About His Power
Dispelling doubts, the billionaire showed off his unprecedented power to disrupt and remake the government — with President Trump’s blessing.
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What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting them go private again.
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Why Elon Musk Is So Focused on the Bureau of the Fiscal Service, ‘America’s Checkbook’
Spending power, privacy concerns and conflicts of interest have put the bureau at the center of a political fight.
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
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Warren Questions Bessent Over Musk Access to Treasury Payment System
In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
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You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund
The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.
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Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
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Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
The president said the planned duties were a response to China’s failure to curb fentanyl exports.