The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.”
Category: Treasury Department
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Bessent Says He Divested From Soybean Farms After Ethics Office Warning
The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement.
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Scott Bessent on Tariffs, the Fed and the Economy
The U.S. treasury secretary spoke with Andrew Ross Sorkin at the DealBook Summit on Wednesday.
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For ‘No Tax on Tips,’ the I.R.S. Gets Intimate
The Trump administration wants to exclude earnings from “pornographic activity” from a new tax break for tips. Will the I.R.S. know it when it sees it?
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As Prices Pinch, Bessent Looks for Ways to Mollify Wary Consumers
Treasury Secretary Scott Bessent has offered a variety of creative justifications for President Trump’s import duties.
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The Growing Cost of Keeping Close Ties with Jeffrey Epstein
Larry Summers, a former Treasury secretary, is stepping back from public commitments. It’s the latest fallout for an associate of Jeffrey Epstein.
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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.