'CFPB RIP': Musk and Trump's plans to shrink an agency that cracks down on medical debt and overdraft fees are underway
Treasury Secretary Scott Bessent called for a halt on most of the CFPB's work. It could impact rules on overdraft fees, ...
RealClearMarkets8h
Explaining the Strategy Behind Trump's Sovereign Wealth Fund
In a virtual address given to the World Economic Forum in Davos, President Trump promised to make the United States the ...
Where Does Money Come From?
The US Treasury runs the nation’s mints. Those mints print money. However, they do not print new money, per se. The only way ...
soapcentral15h
"To make a dent in the U.S. Debt": Shark Tank mentor Mark Cuban shares the possibility of issuing "meme coins" with a twist
Shark Tank investor Mark Cuban recently shared a post via X (formerly Twitter) about helping and making a "dent" in the US ...
Marketplace16h
Why the U.S. government owes itself money
A closer look at the U.S. government's $36 trillion debt — some of which is "intergovernmental," meaning money the government ...
Treasury selloff extends in 3- to 7-year notes as inflation expectations rise
Friday's selloff in U.S. government debt was gaining momentum in 3-year through 7-year Treasury notes after University of Michigan data showed consumer-inflation exp ...
Selloff in Treasurys pushes 2-year yield to 2-week closing high
Friday's selloff in U.S. government debt following upward revisions to December and November nonfarm-payrolls data pushed the policy-sensitive 2-year yield to its highest level in two weeks. The ...
Treasury Has Used More Than 60% of Its Debt-Cap Special Measures
The US Treasury has $133 billion of extraordinary measures left, in addition to its cash pile, to help keep paying the ...
2-year Treasury yield ends at highest in 2 weeks after jobs-data revisions
The unemployment rate dropped to 4% from 4.1% previously, and the prior two months' worth of data were revised upward by a total of 100,000 for December and November. In addition, average hourly ...
DOGE deputy to oversee powerful Treasury system as Musk demands cuts
Tom Krause, a Silicon Valley executive with ties to DOGE, will become the fiscal assistant secretary of the Treasury ...
Bessent’s Plan for Cutting Debt Isn’t Enough. He May Need a Good Dose of ‘Repression.’
With interest costs surging, it may be time for the government to forcefully hold down long-term Treasury yields. How it can ...