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.
Treasury Department
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
‘We Don’t Have to Sign Deals’: Trump Backs Off Big Promises About Tariffs
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.
For the U.S. and China, the Only Talking Is About Whether to Talk
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
U.S. Textile Industry Rejects Bessent’s Suggestion Boom Times Are Over
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.
More Than 20,000 IRS Employees Accept Trump Administration’s Resignation Offer
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.
Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
Judge Says One DOGE Member Can Access Sensitive Treasury Dept. Data
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.
Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
Senators Denounce Trump Administration’s Response to Myanmar Quake
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.