Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
Category: United States Politics and Government
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Can Bessent’s ‘Big Tool Kit’ Calm Bond Investors?
The New York Times – Business: -
U.S. Citizen Who Deleted Phone’s Data Says His Prosecution Puts Privacy at Risk
The New York Times – Travel:Samuel Tunick, who faces a felony charge for deleting his phone’s data during an airport customs search, called the government’s peering into people’s private lives “creepy.”
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Treasury Turns to Interventionist Tactics to Lower Interest Rates
The New York Times – Business:Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.
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Did Bessent Put the Fed in a Bind?
The New York Times – Business:The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more.
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Trump, Who Has Amassed Enormous Wealth in Crypto, Hosts Industry Leaders
The New York Times – Business:President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor.
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U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The New York Times – Business:President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
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Judge Is Asked to Block Inscription of Trump’s Name on Kennedy Center
The New York Times – Music:The request from a Democratic lawmaker follows a decision by the Trump-allied board to add “Restored and Renovated by President Donald J. Trump” to the building.
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Trump’s Ballroom Is Rising at Breakneck Speed: 20 Hours a Day, 7 Days a Week
The New York Times – On the Runway:Although the fate of the ballroom is tied up in court, the Trump administration argues that the project is too far along to be stopped now.
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Tariffs on Hold as Trump Claims Deal With Canada Is Near
The New York Times – Business:President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the midnight deadline.
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Threatening Friends and Courting Enemies in Trump’s ‘Upside-Down World’
The New York Times – On the Runway:The president’s hostility to allies like Oman, Canada and South Korea, and his affection for adversaries like North Korea, may still shock some. But it comes as little surprise after a decade of upheaval.