Experts and former officials said it was unusual for a cabinet secretary to try to influence the Treasury Department’s sanctions process to target a domestic entity.
Category: Treasury Department
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‘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.
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Trump Officials to Meet With Chinese Counterparts Amid Trade Standoff
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
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For the U.S. and China, the Only Talking Is About Whether to Talk
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
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Don’t Count the Dollar Out Just Yet
As President Trump’s tariffs rock the world, German bonds and the euro are benefiting. But U.S. strength endures, our columnist says.
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Markets Gain After Trump Says He Has No Plans to Oust Fed Chief
Remarks by President Trump and his Treasury secretary fueled a rebound in global stocks, extending a surge that started on Wall Street.
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Treasury Secretary Bessent Talks China Trade War De-Escalation and Tax Cuts
Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.
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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.