The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
Category: Treasury Department
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.
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Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy
Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities.
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Biden Administration Looks to Reinforce U.S.-China Ties Ahead of Trump’s Return
Senior Treasury officials are holding a final round of talks with a new round of economic volatility on the horizon.
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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
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How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick
The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.
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Trump Taps Investor Scott Bessent as Treasury Secretary
The hedge fund manager will be responsible for steering President-elect Donald J. Trump’s unconventional economic agenda.
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How Howard Lutnick Could Shake Up Global Trade
President-elect Donald Trump’s pick to run the Commerce Department would have a big say on American industrial policy and tariffs.
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Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets
The president-elect is considering a conflicting mix of qualities as he decides who will steer his economic agenda.
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The Race to Lead Trump’s Treasury Dept. Is Becoming a Cliffhanger
Howard Lutnick? Scott Bessent? Marc Rowan? Kevin Warsh? The president-elect’s list of candidates has grown longer, clouding the future of the department.