The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.
Category: Treasury Department
-
Why China Isn’t Lecturing Trump About His Costly Bill
Beijing has a history of warning Washington about the safety of its Treasury holdings. This time it may have reasons to stay silent, at least publicly.
-
Thought Markets Were Volatile in the First Half? Watch Out.
Stocks have rebounded, but the dollar is in a deep slump. Here’s what could go right (and very wrong) for investors.
-
Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill
Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.
-
Wall Street’s Regulatory Reins Start Loosening as Fed Proposes New Rule
The central bank is planning to reduce a capital buffer for the country’s largest banks, which critics warn will make the financial system less resilient.
-
U.S. Textile Makers, Feeling Forgotten by Trump, Hope Boom Days Are Ahead
The Trump administration faces hard choices in determining what industries to protect as it uses tariffs to construct an industrial policy.
-
What’s Next as the Latest U.S.-China Trade Talks Conclude
U.S. negotiators say the London summit represented progress. But investors and business leaders remain wary.
-
‘Ruinous Burdens’: Border Businesses Struggle Under Trump’s Cartel Crackdown
Federal judges have lauded the government’s goal of rooting out money laundering schemes but questioned the effectiveness of a tactic that’s wreaking havoc on small money services operations.