

Alan Rappeport
Posts

Yellen Issues Debt Limit Warning to Congress
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.

Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.

Biden Administration Looks to Reinforce U.S.-China Ties Ahead of Trump’s Return
Senior Treasury officials are holding a final round of talks with a new round of economic volatility on the horizon.

U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets
The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.

Trump’s Threats About the Dollar Could Push Other Countries to Find Alternatives
President-elect Donald J. Trump threatened to impose tariffs on countries that seek to replace the dollar in trade or undermine its global reserve currency status.

World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.

How Scott Bessent Went From Democratic Donor to Trump Treasury Secretary Pick
The hedge fund investor predicted last year that President-elect Donald J. Trump’s political fortunes were on the rise.

Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets
The president-elect is considering a conflicting mix of qualities as he decides who will steer his economic agenda.

Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.