Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
Category: Treasury Department
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For Trump, a Promised Economic Boom Collides With the Costs of War
The New York Times – Business:President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran.
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Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The New York Times – Business:America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
The New York Times – Business:Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
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For America’s 250th, Should the Coin of Trump’s Realm Be Gold?
The New York Times – Business:A federally appointed committee is pushing back on plans to mint gold currency depicting President Trump.
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Will Kevin Warsh Do What Trump Wants?
Some investors are worried that President Trump’s nominee to run the Federal Reserve may not be a guaranteed “yes” on cutting interest rates.
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Five Questions for Jerome Powell, the Fed Chair
Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman.