Treasury Secretary

Former Treasury Secretary Lawrence Summers has sharply criticized the tax bill by the President Donald Trump administration amid the ongoing feud with Elon Musk. What Happened: Describing the “Big Beautiful Bill” as a “prescription for deadly, dangerous decline,” Larry...

Treasury Secretary Scott Bessent voiced support for fossil fuel development in emerging economies, criticizing the push for renewables-only energy solutions as unrealistic for countries facing basic economic challenges. What Happened: “Energy abundance sparks economic abundance,”...

‘Black Swan’ author Nassim Nicholas Taleb has said that the Treasury Secretary, Scott Bessent, has the worst job in the world today because he understands the relevancy and implications of tariffs more than anyone else. What Happened: According to his X post, Taleb has pointed out that...

Larry Summers, the former U.S. Treasury Secretary, has criticized President Donald Trump’s ‘Bizarre' decision to impose a 25% tariff on goods from Canada and Mexico. What Happened: Summers, in an interview with CNN, described the tariffs as a “stop-or-I'll-shoot-myself-in-the-...

Chinese state-sponsored hackers have reportedly breached U.S. Treasury Secretary Janet Yellen's computer. What Happened: The hackers also accessed the computers of deputy secretary Wally Adeyemo and acting under secretary Brad Smith, reported Bloomberg, citing two people familiar with the matter....

President-elect Donald Trump has picked hedge fund executive Scott Bessent as the U.S. Treasury Secretary. What Happened: Bessent, 62 and founder of Key Square Group, was a leading candidate, competing with former Fed Governor Kevin Warsh and private equity executive Marc Rowan. While sharing the...

President-elect Donald Trump has picked hedge fund executive Scott Bessent as the U.S. Treasury Secretary. What Happened: Bessent, 62 and founder of Key Square Group, was a leading candidate, competing with former Fed Governor Kevin Warsh and private equity executive Marc Rowan. While sharing the...

Billionaire Elon Musk , a confidante of President-elect Donald Trump, has thrown his support behind Howard Lutnick, CEO of Cantor Fitzgerald, for treasury secretary. What Happened: Musk believes that Lutnick could bring about significant change if chosen for the position. Although Trump has not yet...

Editor’s note: This story has been updated with comment from Fox News. Economist and news analyst Larry Kudlow could return to a role in the White House with the former National Economic Council Director being eyed for a role among Donald Trump's growing list of possible Cabinet nominees and...

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon is unlikely to be tapped as Donald Trump's treasury secretary if Trump wins the 2024 election, following JPMorgan's outright denial of an endorsement. What Happened: Dimon has not endorsed Trump for president, a fact made clear by a JPMorgan...

In a recent development, former President Donald Trump has expressed his consideration of JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon for the Treasury Secretary position if he emerges victorious in the forthcoming November 5 election. Furthermore, Trump has assured that he will not seek to...

Treasury Secretary Janet Yellen has expressed concerns about China’s economic slowdown and its potential impact on the global economy. In an interview with Bloomberg during her visit to India for the G20 finance minister meeting, Yellen acknowledged that many countries, particularly in Asia...

US Treasury Secretary, Janet Yellen, is set to visit Beijing this week for a meeting with senior Chinese officials, CNBC reports. The Objective of the Visit The Treasury has indicated that Yellen’s visit aims to discuss various macroeconomic and financial issues. The goal is to “...

Elon Musk is a man of many opinions and therefore it did not come as a surprise when he responded to a question about his choice of Treasury Secretary. What Happened:  Earlier this month, Treasury Secretary Janet Yellen testified before the Senate Banking Committee and offered her thoughts on...

Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avert breaching the federal debt limit by suspending daily reinvestments in a large government retirement fund that holds Treasury debt, the department said. In a letter to House Speaker Kevin...