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.
Category: Treasury Department
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children
The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
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Democrats Examine Elon Musk’s Role in Suspension of Business Disclosure Law
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.
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Private-Credit Wobbles Could Prove Perilous for Trump
The Trump administration is poised to broaden access to risky investments that are showing signs of strain.
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Trump’s Signature to Be Added to U.S. Dollars
President Trump is set to be the first sitting president to have his signature appear on America’s currency.
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Covid Relief Loans Are Haunting Small Businesses
The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.