Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’
But Treasury Secretary Scott Bessent, who was a hedge-fund chief prior to his political appointment, isn’t worried. “I’m not ...
TASS Russian News Agency3h
Bloomberg links strengthening of anti-Russian sanctions to Treasury Secretary’s position
This refers to License 8L of the US Treasury that authorized transactions of such kind by March 12 of this year ...
Here's Where to Look for Early Signs of a Recession; How Wall Street and Business Got Trump Wrong
Major economic data hasn't yet begun to fully capture Trump's time in office. The Wall Street Journal is looking at a host of other indicators to try to figure out whether the U.S. might skirt a ...
Senate Democrats refuse to go along with GOP spending plan, as shutdown deadline nears
WASHINGTON (AP) — A day before a shutdown deadline, Senate Democrats are mounting a last-ditch protest over a Republican-led ...
U.S. officials act to block illicit Iranian oil trade with China
Iran is operating a ghost fleet to sell oil to China in violation of existing sanctions, which U.S. officials seek to stop ...
Scott Bessent calls government shutdown a bigger story than stock market shock
Treasury Secretary Scott Bessent downplayed on Thursday the negative impacts of President Donald Trump‘s tariffs as he said a ...
Trump's Top Economic Advisor Rebuffs Recession Fears
Treasury Secretary Scott Bessent pushed back against growing recession concerns Thursday, saying the Trump administration wanted a "smooth transition" to an economy with less government spending.
Trump unleashes more tariff threats as trade war tensions mount: Live updates
Donald Trump ratcheted up tariff threats against U.S. trading partners this week, including sweeping fees on imported steel and aluminum.
Treasury Secretary Bessent says a ‘detox' period for the economy does not have to be a recession
Treasury Secretary Scott Bessent said Thursday that his previous comments about a " detox period " for the U.S. economy did ...
IRS Direct File: Musk's DOGE Could Cut the Free Tax Filing Program
With the tax deadline fast approaching, the future of the IRS Direct File program—a free tax filing service—remains uncertain as Elon Musk and the Department of Government Efficiency (DOGE) reassess ...
Trump’s Big Bet: Americans Will Tolerate Economic Downturn to Restore Manufacturing
The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But ...