Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.
Category: Treasury Department
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Why the Bond Market Holds Sway Over Trump
The bond market has emerged as one of the few brakes on the White House at it pursues its agenda on trade, taxes, personnel and more.
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Head of I.R.S. Being Ousted Amid Treasury’s Power Struggle With Elon Musk
Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his knowledge.
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Trump Has Added Risk to the Surest Bet in Global Finance
Shocked by Trump’s trade war, foreign investors are selling U.S. government bonds, long the world’s safe haven.
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Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
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‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market
In the usually steady government bond market, the yield on the 10-year Treasury has risen to more than 4.5 percent from less than 4 percent at the end of last week.
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Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
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U.S. Could Run Out of Cash by July, Analysis Finds
The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.
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Stocks Fall Into a Correction With Investors Down on Trump
The S&P 500 is now more than 10 percent below its last record high — a line in the sand for investors worried about a sell-off gathering steam.
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Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
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Trump Seeks to Bar Student Loan Relief to Workers Aiding Migrants and Trans Kids
The president signed an order that would deny loan forgiveness to workers for groups engaged in “substantial illegal activities,” which it indicated included things like diversity initiatives.
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What is Trump’s Crypto Reserve Plan?
The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.