The U.S. has a $40 trillion debt problem, and the leader of the IMF says supercharging the nation’s growth isn’t...
U.S. Department of the Treasury
In a new type of philanthropy, billionaire SpaceX president Gwynne Shotwell has pledged to give more than 2 million American...
The most important number in the economy has hit its highest level since 2007, and Wall Street can’t decide if...
President Donald Trump’s financial accounts made nearly 40 times as many trades in one month as those belonging to Treasury...
Treasury Secretary Scott Bessent isn’t short of investors keen to rap his knuckles—and his friend and mentor, Stan Druckenmiller, was...
The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated...
Among the many potential downsides for letting the national debt get too high was that the federal government would suck...
Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise...
Facing an increasingly aggressive Iran and a slumping bond market, the Trump administration is betting that Treasury Secretary Scott Bessent...
The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on...
The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds”...
The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much...
The government’s near-$40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments,...
Last week’s attempt to boost the sagging yen wasn’t the first time the U.S. and Japan took such joint action,...
While investors fixate on the AI boom, a warning from a group of Wall Street bankers whose job is to...
Last week, U.S. Treasury Secretary Bessent joined with Japan’s Ministry of Finance to intervene in currency markets in an effort...
The U.S. Mint is now producing a $1 coin featuring President Donald Trump’s face, tied to celebrations of America’s 250th...
For decades, the U.S. largely held off on approving currency swaps with foreign powers, save for rare circumstances. When it...
Back in 1993, the great Democratic strategist James Carville—famous for his quip, “It’s the economy, stupid”—told the Wall Street Journal...
The national debt is set to reach $40 trillion in the near future if it continues to grow at its...
Throughout her career, Janet Yellen has broken barriers with several “firsts.” First woman to lead the Federal Reserve. First female...
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly convened Wall Street leaders on Tuesday in an emergency meeting...