Larry Summers, a former Treasury secretary, is stepping back from public commitments. It’s the latest fallout for an associate of Jeffrey Epstein.
Category: Treasury Department
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Trump Turns to Affordability Message Amid Economic Frustration
The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains.
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The Penny Dies at 232
A long decline into irrelevance ended on Wednesday in Philadelphia.
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The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.
Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.
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DealBook Summit 2025: David Ellison, Scott Bessent, Erika Kirk and More
The conference on Dec. 3 will bring together the biggest names in business, politics and culture.
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A Two-Headed Coin That Always Comes Up ‘Trump’
Would a proposed coin featuring the president on both sides commemorate America’s founding, or undercut its founding principles?
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How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy
The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
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Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’
In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.
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Trump Aides Raise Recession Fears, and Point Fingers at the Fed
Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts.
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Fed Governor Defends Call for Big Rate Cuts
In a wide-ranging interview, Stephen I. Miran discussed why he thinks concerns about inflation are overblown and his worries about the economy if the Federal Reserve does not rapidly lower interest rates. Here is a full transcript.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.