The Reserve Bank will now have a separate board just to set interest rates. Here’s why that’s significant
The government has finally passed long-delayed reforms to the way the Reserve Bank operates. Here’s what the changes will ...
El País in English3d
Trump’s threats extinguish hopes of revitalizing free trade
The imposition of a universal tariff on all products coming into the US would turn the world’s leading power into a real-time ...
Cfr.org3d
Scott Bessent May Rue the Day He Became U.S. Treasury Secretary
Trump's nominee to run the Treasury faces a tall order—dealing with mounting debt, implementing an aggressive tariff regime, ...
Republicans praise Trump tariff threat as smart ‘negotiating strategy’ as he looks to tackle fentanyl, border crises
This is how Trump got the ‘Remain in Mexico’ policy done in the first place,” Rep. Dan Crenshaw (R-Texas) said on Fox News ...
He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...
Janet Yellen resigned as treasury secretary as of Nov. 24? Not true | Fact check
A day after the claim was shared, Yellen posted to her government-verified X account about the unveiling of a portrait of ...
The IRS is at risk of losing $20 billion in funding without legislative intervention
Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock ...
IRS funding cut would increase US deficit, slow service
Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by ...
Bessent Will Have to Fix America’s Finances. Good Luck With That.
Managing the US Treasury market and the nation’s fiscal trajectory will be a lot more daunting than markets seem to recognize ...
Scott Bessent Sees a Coming ‘Global Economic Reordering.’ He Wants to Be Part of It.
Donald Trump’s pick for Treasury secretary has been a fierce defender of his activist approach to trade.
PBS4d
What Trump’s economic appointments tell us about his 2nd-term agenda
President-elect Trump continues to round out his Cabinet, including some key economic appointments. He's chosen billionaire ...
China Market Update: Bessent Leads Asia’s Ascent
Asian equities had a strong day as they cheered President Trump’s choice of Scott Bessent as Treasury Secretary. Meanwhile, volumes were high due to today’s MSCI index rebalance.