Purge Now, Pay Later
Hanna Rosin: Today is the deadline for some two million federal employees to decide if they want to type resign in response to the now infamous “Fork in the Road” email. The email, of course, is one ...
CNN5d
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan ... that he understands monetary policy “much more” than the central bank and its leader, Chair Jerome Powell. He has also advocated that ...
Yahoo Finance4d
US Treasury taps former regulator Hood to lead bank watchdog
WASHINGTON (Reuters) -The U.S. Treasury Department announced on Friday that Rodney Hood, a former credit union regulator, would take over as the acting head of a leading national bank regulator.
CNN6d
Treasury says Musk’s DOGE has not rejected payments in first attempt to clarify access granted to critical system
The Treasury Department said Elon Musk aides detailed to the agency have “read-only” access to its sensitive $5 trillion US payments system and that no payments have been suspended or rejected ...
Center on Budget and Policy Priorities1d
“DOGE” Access to Treasury Payment Systems Raises Serious Risks
This primer explains what the Bureau of the Fiscal Service does, how it has traditionally been managed by career civil ...
The Washington Post5d
DOGE deputy to oversee powerful Treasury system as Musk demands cuts
The Treasury Department is appointing an ally of billionaire Elon Musk’s U.S. DOGE Service to a senior position in the department overseeing the nation’s powerful payment systems, according to ...
The New York Times6d
Treasury Sought to Freeze Foreign Aid Payments, Emails Show
Trump administration appointees and allies of Elon Musk wanted to use the Treasury’s sensitive payment system to block disbursements. By Andrew Duehren Alan Rappeport and Theodore Schleifer In ...
The New York Times4d
Musk Team’s Treasury Access Raises Security Fears, Despite Judge’s Ordered Halt
Feb. 8, 2025 A federal judge’s order that Elon Musk’s team temporarily cease boring into the Treasury Department’s payment systems raises a far larger question: whether what Elon Musk has ...
Investopedia5d
The Treasury Secretary Says Trump Wants Long-Term Interest Rates to Fall—It May Take a While
Treasury Secretary Scott Bessent said President ... regional head of research for the Americas at the Dutch bank ING, wrote in a note to clients. Though the Fed has far less control over long ...
Investing6d
European central bank continued rate cuts to help U.S. Treasury yields move lower - Navellier
This trend is expected to cause U.S. Treasury yields to decrease. Last week, the Bank of England followed the ECB's lead and reduced its key interest rate by 0.25% to 4.5%. Additionally ...
Fox Business3d
Elon Musk alleges $50B in fraud at Treasury after judge blocks DOGE audit
Elon Musk responded to a federal judge's order temporarily blocking the Department of Government Efficiency's (DOGE) access to sensitive Treasury Department data with a blitz of X posts alleging ...