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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.

Federal Budget (US) House of Representatives National Debt (US) Republican Party Senate Tax Cuts and Jobs Act (2017) Treasury Department Trump, Donald J United States Economy United States Politics and Government

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.

By Alan Rappeport

Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy

Bessent, Scott Federal Budget (US) Treasury Department Trump, Donald J United States Economy United States Politics and Government

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.

By Alan Rappeport and Rebecca F. Elliott

Biden Administration Looks to Reinforce U.S.-China Ties Ahead of Trump’s Return

Biden, Joseph R Jr China Customs (Tariff) Group of Twenty Protectionism (Trade) Treasury Department Trump, Donald J United States International Relations Xi Jinping

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.

By Alan Rappeport

Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.

Banking and Financial Institutions Bessent, Scott Currency Government Bonds Presidential Election of 2024 Quantum Fund Soros Fund Management Soros, George Stocks and Bonds Treasury Department United States Economy

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.

By Maureen Farrell