Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got ...
10-, 30-year yields head for first rise in four sessions on modest selloff
A modest selloff in long-dated government debt remained mostly intact Thursday morning after weekly jobless claims came in slightly higher than expected.
Balance of Power: Treasury Secretary Scott Bessent on DOGE, Dollar, Fed
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from ...
Bessent on Powell: ‘I’m sure he’s going to do the right thing’
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in the central bank Chair Jerome Powell, ...
Trump wants a lower 10-year yield. The market on Thursday isn't budging.
U.S. stocks were mixed on Thursday, near record highs, but another big focus was the 10-year Treasury yield. Treasury Secretary Scott Bessent said Wednesday that the Trump administration was focused ...
US sanctions network that helps ship Iranian oil to China
The U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian ...
Trump is focused on lowering bond yields, not fighting the Fed, Treasury chief says
The Trump administration isn't looking to clash with the Federal Reserve over interest rates, Treasury Secretary Scott ...
Trump Treasury secretary Scott Bessent relives some pressure on the Fed
Treasury Secretary Scott Bessent said Donald Trump is not asking the Federal Reserve to lower its short-term interest rates, ...
‘Shrouded in secrecy’: Trump and Musk’s DOGE committing ‘massive and unprecedented’ intrusion of taxpayers’ privacy, lawsuit says
The Treasury Department is breaking multiple federal laws by allowing Elon Musk and DOGE to access taxpayers' private data, a ...
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‘Dangerous’: Democrats Barge Into Speaker Johnson’s Office
Judy Chu (D-Calif.) and Gwen Moore (D-Wisc.) unexpectedly stormed into House Speaker Mike Johnson’s office on Wednesday, ...
Sen. Brian Schatz Warns Against “Creeping Fascism” as He Leads Filibuster Against OMB Nominee Vought
Democratic Congressmembers Judy Chu and Gwen Moore confronted House Speaker Mike Johnson Wednesday, showing up at his office ...
Democrats demand Bessent meeting over DOGE ‘chaos’ at Treasury
Senate Democrats on Wednesday demanded Treasury Secretary Scott Bessent attend a meeting with the Democratic Caucus “as soon ...