Trump's US Treasury Pick Says Question of Debt Limit Repeal Is 'Nuanced'
(Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is "nuanced," but said if Trump wants to do so he will work with him and with Congress to get it done.
Trump’s Treasury pick Bessent says US must keep oversight of Treasuries
The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.
Trump’s Treasury Pick Defends Plans to Cut Taxes and Raise Tariffs
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 Senate.
Trump's Treasury Secretary pick to face big questions at confirmation hearing
Trump Treasury Secretary nominee Scott Bessent faces a Senate panel on Thursday and can expect grilling from a Democratic watchdog of Wall Street.
Trump's choice for treasury secretary questioned on the economy
Scott Bessent, President-elect Trump's pick for Treasury Secretary, was pressed about Trump's economic plans at his Senate confirmation hearing. NBC News' Garrett Haake reports.
Trump treasury pick: Extending Trump tax cuts 'single most important economic issue'
TRUMP TELLS EU TO BUY MORE AMERICAN-MADE OIL AND GAS OR FACE 'TARIFFS ALL THE WAY' Trump’s economic plan includes extending the 2017 tax cuts and imposing tariffs ranging from 1
Donald Trump’s Treasury pick says unwinding tax cuts would spark ‘economic calamity’
Scott Bessent also tells US senators in heated confirmation hearing that he backs tougher sanctions on Russian oil
Trump Treasury Pick Says China’s Economy Is in Recession
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, described the world’s No. 2 economy as being in a recession, if not a depression.
Maddow Blog | Trump’s Treasury pick rejects minimum wage hike, champions tax breaks
Trump's incoming Treasury secretary summarized the administration's perspective perfectly: Yes to tax breaks for the wealthy, ...
US recovers $31 million in federal payments to dead people
The U.S. government has clawed back more than $31 million in Social Security payments that improperly went to dead people.
US Treasury reports record $711 billion budget deficit for first months of 2025
The $711 billion October-December deficit was $201 billion higher than the $510 billion deficit in the same period a year ...
More alleged Chinese intrusions into the US Treasury revealed
In a separate recent attack, Chinese group Salt Typhoon allegedly breached 9 major telecommunications firms in a huge ...
US Treasury Nominee Says Trump Can Usher In 'Economic Golden Age'
Donald Trump's nominee for Treasury chief defended potential tax cuts and tariffs Thursday, telling lawmakers at his ...
US steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia
The U.S. Treasury Department is expanding the web of sanctions on companies and institutions supporting Russia’s war efforts ...
Chinese hackers accessed Yellen's computer in US Treasury breach, Bloomberg News reports
The computers of two of Yellen's lieutenants, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith, were also ...
Global equity funds see drop in demand on rising US Treasury yields
Demand for global equity funds declined sharply in the week through Jan. 15, as U.S. Treasury yields rose and expectations ...
New US sanctions target Sudan's warring military leader
The U.S. has imposed sanctions on the leader of Sudan’s military in a devastating war that is spreading famine in that ...
US Home Insurance Costs Rose More Steeply in Areas of Climate Risk, US Treasury Dept Study Finds
WASHINGTON - Homeowners in areas most at risk of damage from hurricanes, wildfires and other climate perils pay far more for ...