Trump to Withdraw Nominee to Lead Consumer Bureau
Jonathan McKernan is expected to be tapped for a Treasury Department post instead after waiting for months for the full Senate to take up his consumer bureau nomination.
It Is Happening Every Day, Every Where
Jonathan McKernan is expected to be tapped for a Treasury Department post instead after waiting for months for the full Senate to take up his consumer bureau nomination.
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
A textile trade association that has backed President Trump’s trade strategy took issue with Treasury Secretary Scott Bessent’s remark that emphasized “precision manufacturing” over clothing and fabrics.
The I.R.S. had about 100,000 employees before President Trump took office. Between resignations and layoffs, the I.R.S. is on track to lose about a third of its staff this year.
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
Nineteen state attorneys general had sued to block Elon Musk’s government efficiency team from accessing Treasury systems that include Americans’ bank account and Social Security information.
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
Democratic senators said in a letter that the administration was failing its first test of humanitarian aid as China and Russia send teams to help.