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Trump also said he would nominate Russel Vought to lead the Office of Management and Budget, a position Vought held during Trump’s first presidency. Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. The announcements Friday evening showed how Trump was […]
Prominent investor Scott Bessent has reportedly been selected by President-elect Donald Trump to take on the role of U.S. Treasury secretary. President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position […]
Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a […]
Donald Trump will nominate Scott Bessent, a longtime hedge-fund investor who taught at Yale University for several years, to be his treasury secretary, according to media reports on Friday. The job is one of the most powerful in Washington, with huge influence over America’s gigantic economy and financial markets. Bloomberg and the Wall Street Journal […]
The 10-year Treasury yield was little changed on Friday as investors weighed mixed economic data and assessed the state of the economy. The yield on the 10-year Treasury sat at 4.428%, down less than 1 basis point. The 2-year Treasury yield was last trading at 4.375% after rising more than 2 basis points. Yields and […]
The US imposed fresh sanctions on Russia’s Gazprombank on Thursday, the Treasury Department said, wielding its most powerful sanctioning tool against the bank as US President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before leaving office in January. The move effectively kicks Gazprombank – one of Russia’s largest banks […]
Net migration figures have shown a slowing down of entrants into Australia, but not enough to satisfy the Albanese Government, writes Dr Abul Rizvi. WITH OPPOSITION LEADER Peter Dutton ramping up the rhetoric on high immigration levels and calling students appealing refusal decisions and applying for asylum the ‘new boat arrivals’, the Albanese Government is […]
President-elect Trump, after racing through the first half of his Cabinet picks, is slowing his roll on one of the highest profile jobs — Treasury secretary — to consider more options, transition sources tell Axios. Trump will meet at Mar-a-Lago this week with two new candidates: Kevin Warsh, who was the youngest person to become […]
Billionaire Elon Musk voiced support for Howard Lutnick in the race to be President-elect Donald Trump’s next Treasury secretary as warring camps make final pushes for the coveted cabinet post. The infighting has delayed decisions on Trump’s economic picks even as he rushes to fill many other posts in his incoming administration. Musk said on […]
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet […]