Economist: There is 'no button' Scott Bessent can push to lower long-term rates in a meaningful way
Nathan Sheets of Citi discusses U.S. Treasury Secretary Bessent's calls for lower long-term bond yields, saying his 3-3-3 ...
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Trump's Justice Department ends Biden-era task force aimed at seizing assets of Russian oligarchs
The Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets of Russian oligarchs as a means to punish Russia for its invasion of Ukraine.
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DOGE staffer resigns after racist social media posts resurface
Marko Elez, a software engineer working on Elon Musk’s government cost-cutting initiative, resigned after past racist social media posts surfaced, raising concerns about DOGE’s influence.
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US imposes sanctions on network that helps ship Iranian oil to China
The US department of the treasury has imposed sanctions on a network of firm and individuals involved in shipping Iranian oil to China.
The Treasury Secretary Says Trump Wants Long-Term Interest Rates to Fall—It May Take a While
Treasury Secretary Scott Bessent said President Donald Trump is looking for longer-term interest rates to fall.
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Trump wants lower yields on 10-year bonds. Can he make that happen?
It makes sense that the president would want 10-year yields to come down. Plenty of people would love that. “A lot of consumers feel what happens in 10-year rates,” said Brian Rehling, head of global ...
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 ...
DOJ allows some DOGE employees access to Treasury payment system
Treasury Secretary Scott Bessent was sued after he granted DOGE personnel limited access to his department’s payment system ...
10-, 30-year yields end higher for first time in four sessions amid mild selloff
A modest selloff in U.S. government debt sent 10- and 30-year yields up for the first time in four sessions on Thursday, after weekly jobless claims came in slightly higher than expected. -- The yield ...
Elon Musk’s Efforts to Slash and Burn Government Hits Major Obstacle
The order was in response to a lawsuit filed by a coalition of labor unions against Treasury Secretary Scott Bessent, ...
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, ...