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Scott Bessent Treasury Secretary confirmation hearing
5 things the nominee for Treasury Secretary signaled about what markets can expect in a 2nd Trump term
Bessent said he believed Trump's presidency would help "unleash a new economic golden age," which could include more jobs and wealth for Americans.
Trump's pick for Treasury Secretary is Scott Bessent. Here's what to know
Trump's promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent's confirmation hearing.
Treasury Secretary nominee Scott Bessent says Trump tax cuts should not expire
Scott Bessent, a South Carolina billionaire hedge fund manager, wasted no time getting to the crux of his confirmation hearing: the expiring Trump tax cuts. “This is the single most important economic issue of the day,” Bessent told the committee.
Treasury, debt ceiling and Yellen
US will hit debt limit on Tuesday, Treasury's Yellen warns in letter. What happens next?
Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.
Janet Yellen says Treasury will take 'extraordinary measures' to avoid hitting debt ceiling Jan 21
It is not clear how long Congress will have to secure a deal on funding or raising the debt ceiling again once the measures are taken, but in the past it has helped stall the default for several month
Treasury to begin ‘extraordinary measures’ as US approaches debt cliff
The breach of the debt ceiling officially starts the clock on how long Trump and Congress will have to act to avoid a financially catastrophic default.
22h
on MSN
Treasury Secretary Pick Scott Bessent Says Trump Could Bring ‘New Economic Golden Age’
The fund manager will face senators at a confirmation hearing on Thursday ...
1d
on MSN
Treasury secretary nominee Bessent favors tax cuts, China tariffs, Russia sanctions
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia ...
2d
Treasury Secretary Janet Yellen praises Biden's pandemic response in farewell address
Yellen said the Biden administration's actions reduced major risks, and noted that inflation fell earlier in the US than in ...
3h
Tax Breaks: The Money, Treasury, And Internal Revenue Service Shakeup Edition
Plus: Relief for taxpayers impacted by wildfires, itemizing deductions, civil forfeiture programs, Direct File, Tax Cuts and ...
1d
on MSN
Progressives are frustrated by Biden’s final-days warning of billionaire influence
The Democratic Party's left wing is responding to President Joe Biden's strong words about the possibility of an American ...
1d
AMERICAS Waller and Bessent help peg back Treasury yields
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
The Hacker News
12h
U.S. Sanctions Chinese Cybersecurity Firm Over Treasury Hack Tied to Silk Typhoon
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions against a Chinese cybersecurity ...
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