News

US Treasury's Bessent ousts IRS acting chief, names deputy to temporary role
U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...
US Treasury secretary: no risk of China weaponizing Treasuries despite bond market volatility
U.S. Treasury Secretary Scott Bessent in an interview with Yahoo Finance on Tuesday dismissed concerns over China weaponizing ...
IRS acting head ousted after US Treasury chief wins power struggle with Musk, NYT reports
The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent ...
Ex-Treasury secretary: US being treated as ‘problematic emerging market’
Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” ...
Treasury Secretary Scott Bessent says Americans ready to retire aren’t worried about ‘day-to-day’ market fluctuations
In an interview with NBC News’ “Meet the Press,” Bessent called it a “false narrative” that people who are close to retiring ...
Trump's team and supporters justify abrupt tariff reversal: It's 'The Art of the Deal,' dummy
President Donald Trump's 90-day tariff pause came on Wednesday with little warning. His team is saying it's all part of his ...
Trump inner circle warned of tariff consequences
The White House has taken pains to say administration officials are unified on the tariff effort announced on April 2, which ...
IRS agrees to unprecedented measure of sharing tax details on illegal migrants with DHS for deportation efforts
Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem signed off on the Memorandum of Understanding ...
The Straits Times4d
US Treasury’s Bessent backs Argentina’s economic reforms with eye on China
WASHINGTON - US Treasury Secretary Scott Bessent said he met ... to reduce barriers towards reciprocal trade with the United States, Treasury said in a statement about the visit.