Alan Rappeport
Posts
Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
The president said the planned duties were a response to China’s failure to curb fentanyl exports.
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.
Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the...
Russell Vought Poised to Expand Power of White House Budget Office
If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and China’s currency.
U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector
The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon...