How Bessent Could Solve the Debt Problem: 3-3-3, DOGE, and a Dose of ‘Repression’
Interest expense is the fastest-growing and most nettlesome part of the federal budget, now exceeding military spending.
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 ...
Musk’s value on Wall Street is rising as banks find buyers for X loans
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence ...
Democrats push back against data-grab by ‘unelected puppet master’ Elon Musk
Democratic congressional leaders Thursday unveiled a bill aimed at pushing back against what they called improper snooping by ...
Trump's Justice Department ends Biden-era task force aimed at seizing assets of Russian oligarchs
WASHINGTON (AP) — The Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets ...
Trump's focus on 10-year Treasury yield to cut borrowing costs raises curiosity - and problems
Federal Reserve Chair Jerome Powell may be breathing easier now that the Trump administration intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. But for ...
US sanctions network that helps ship Iranian oil to China
The U.S. Department of Treasury 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 oil to ...
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Consumer Financial Protection Bureau shakeup leaves medical debt reform in limbo
The fate of a Biden-era rule that would keep medical debt from consumers’ credit reports is up in the air amid reported ...
Analysis-US Bond Market Lukewarm on Bessent's 10-Year Yield Pledge
NEW YORK (Reuters) - U.S. Treasury Secretary Scott Bessent's pledge to contain yields on 10-year Treasury notes met some ...
'Power grab': Jeffries unveils data protection bill amid DOGE crackdown
House Democrats unveiled legislation on Thursday that seeks to secure the personal data of Americans amid the Department of ...
Demystifying DOGE: Elon Musk’s role in the Trump administration is far from unprecedented
As unique a figure as the Elon Musk is, his status in the Trump administration is far from unprecedented and his government ...