U.S. Department of the Treasury

Scott Bessent says the World Bank and IMF need a total overhaul: ‘Mission creep has knocked these institutions off course’
Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, called for a sweeping overhaul at ...

‘The Sell America Trade’: Who’s behind the sinking of the U.S. dollar
The value of the U.S. dollar ticked up yesterday after President Trump did a U-turn and said he had no ...

Third IRS head since Trump’s inauguration resigns because she reportedly wasn’t told about an agreement forcing the agency to give taxpayer data to immigration officials
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The bond market selloff badly rattled investors. Here’s what analysts are saying about this key market and what’s to come
A plunging stock market may make it painful to check your 401(k), but as investors found out this week it ...

Treasury Secretary Scott Bessent says negotiations over tariffs are happening, and about 70 countries have called the White House since ‘Liberation Day’ to talk trade
Since President Donald Trump announced his sweeping “Liberation Day” tariff regime on April 2, about 70 countries have put in ...

Markets will keep tanking until Trump tells them what it is he actually wants, Treasury’s Bessent reportedly tells president
President Trump needs to temper his tough trade talk by adding achievable and measurable goals that can provide the basis ...

Trump economic officials revere billionaire Stanley Druckenmiller, but he says he does not support tariffs over 10%
Some of the biggest names on Wall Street are lambasting President Donald Trump’s sweeping “reciprocal tariffs,” which have sent global ...

Treasury Secretary Scott Bessent downplays stock market crash as short-term reaction and says ‘everything is working very smoothly’
Treasury Secretary Scott Bessent said the market’s ability to handle surging volumes is reassuring and downplayed the massive stock selloff ...

Wall Street gets rude shock as Bessent plays second fiddle on tariffs
From the moment President Donald Trump unveiled his sweeping tariffs Wednesday through the ensuing market mayhem the following day, Treasury ...

Trump’s reciprocal tariffs are ‘ripping up trade’ after decades of precedent. Here’s how tariffs got so lopsided in the first place
President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he ...