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Category: Treasury Department
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Bessent Stakes Credibility and Taxpayer Money on Argentina Bet
Treasury Secretary Scott Bessent’s multibillion-dollar bailout of a serial defaulter raises the specter of losses for the United States.
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Who Will Blink First on Trade: President Trump or Xi Jinping?
Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom.
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Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
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Trump to Unveil Farmer Aid as China Shuns U.S. Crops
As it did in 2018, the White House plans to dole out relief funds to struggling U.S. farmers who have lost their biggest customer.
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Treasury Defends Minting a $1 Trump Coin Despite 1866 Law
The Treasury Department said that a 2020 collectible coinage law allows a living person to appear on U.S. currency.
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Treasury Plans to Mint $1 Commemorative Trump Coin
The coin, bearing President Trump’s face, would honor the 250th birthday of the United States.
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Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
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Top Economic Leaders Warn Supreme Court to Allow Lisa Cook to Remain at Fed, for Now
In a brief filed with the court, former Fed chairs and U.S. Treasury secretaries cautioned of erosion in public confidence in the Fed’s independence.
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U.S. Pledges Support for Argentina’s Economy and Javier Milei
Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei.
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IRS Official Sues Agency, Accusing It of Leaking Private Data to Fox News and Others
Holly Paz was among officials scrutinizing tax shelters before she was placed on leave and Fox News reported she had been fired.
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Top Bessent Aide, Daniel Katz, Expected to Be Tapped as No. 2 at I.M.F.
The appointment would come as the Trump administration has called for sweeping reforms at the global economic institution.