News

‘Glaring red flag’: Treasury DOGE team discloses bank stock holdings
The Trump administration official overseeing the Treasury Department’s massive financial operations reported owning stock in ...
Wall Street Journal23h
Bessent Sees Opportunity for ‘Big Deal’ With China
"There is an opportunity for a big deal here," between the U.S. and China, Treasury Secretary Scott Bessent said. The U.S. needs to rebalance to more manufacturing and exports and away from ...
Wall Street Journal23h
Bessent: Large U.S. Trade Deficits Can’t Persist
The status quo of large U.S trade deficits cannot persist, Treasury Secretary Scott Bessent said. "Intentional policy choices by other countries have hollowed out America’s manufacturing sector ...
Powell Emerges as a Potential Winner from the Trade Truce
The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump ...
House GOP Medicaid proposal sets work requirements and a showdown with fiscal hawks
WASHINGTON – House Republicans plan to enact work requirements and more frequent eligibility checks for Medicaid, according ...
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Trump and Starmer unveil outline of US-UK trade pact
The U.S. and United Kingdom unveiled the outline of a trade deal that covers U.S. beef, ethanol, and other agricultural ...
Wall Street Journal6d
Bessent Says He Expects China Trade Tensions Will De-Escalate
Treasury Secretary Scott Bessent said a deal with China is still possible. (Saul Loeb/Agence France-Presse/Getty Images) Treasury Secretary Scott Bessent said at a closed-door JPMorgan investor ...
Wall Street Journal6d
Bessent Tells Investors He Expects Trade Tension With China to De-Escalate
Treasury Secretary Scott Bessent speaking at a banking conference earlier this month. (Kayla Bartkowski/Getty Images) Treasury Secretary Scott Bessent on Tuesday reassured attendees of a closed ...