I hate to rain on this parade, but the Department of Government Efficiency (DOGE) is not a real department,” Schiff noted in ...

Trump's nominee to run the Treasury faces a tall order—dealing with mounting debt, implementing an aggressive tariff regime, ...

Bessent's financial-market credibility could help the administration sell investors on the idea of more tariffs - even if those costs get passed along, said Stephen Myrow, managing partner of Beacon ...

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury secretary, enlisting a key adviser to manage the sweeping economic ...

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling ...

Ensuring the US doesn’t default on its obligations. Extending trillions of dollars in tax cuts before they expire.

Russia began reducing their investments in the US sovereign debt in the spring of 2018. They fell from $96 billion down to ...

Trump was originally believed to have two frontrunners in Howard Lutnick and Scott Bessent, but is now reported to be considering more options.

JPMorgan CEO Jamie Dimon has put forth a solution to unrestrained US debt: Tax the rich at the same rate as middle-class people, or at a higher rate. The bank executive told "PBS News Hour" in ...

Many Americans have debt, whether they're paying for a house, a college degree or a new laptop. And you're not alone if you wonder just how much income should be allocated toward paying off credit ...

One of the challenges for investors trying to understand the implications of a Trump administration is that the goals seem to be contradictory: higher import tariffs and a lower dollar to help the ...

The local government debt limit will be raised by six trillion yuan (US$840 billion) which will be used to replace existing hidden debts, freeing up space for local governments to better develop ...