News

Treasury Secretary Bessent tiptoes around Trump's plans for new Fed chair
Treasury Secretary Scott Bessent says he "will go where the president thinks" he's "best suited" to serve, as calls grow for ...
At Sintra getaway, central bankers mull threats to their domain
At their annual gathering in the hills of Portugal's Sintra, central bankers this week confronted rising challenges to their ...
Treasury Sec. Bessent on potential to serve as next Federal Reserve chair
U.S Treasury Secretary Scott Bessent joins 'Squawk on the Street' for a sweeping interview on President Trump's budget bill, ...
The Dow and Russell 2000 are joining the stock market’s party. Is it a game changer for the bulls?
The S&P 500 and Nasdaq Composite tallied fresh record closing highs on Thursday, buoyed by a stronger-than-expected jobs ...
June jobs report reveals US added 147K jobs in June; unemployment dips
US employers added 147,000 jobs in June despite Trump's tariffs, federal layoffs and immigration crackdown; unemployment at 4 ...
Trump administration will focus on Fed chair replacement in fall, Bessent says
The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S.
Trump tax bill averts one debt crisis but makes future financial woes worse
President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S ...
Top Bill Clinton aides: ‘Big, beautiful bill’ poses ‘huge risks to our economy’
Two Clinton-era Treasury Department secretaries issued a warning on Thursday about President Trump’s tax and spending bill, ...
Closely watched US jobs report likely to show hiring slowed in June
When the Labor Department on Thursday releases job numbers for last month, they’re expected to show that businesses, ...
Solid Jobs Report Keeps Fed Rate Cuts at Bay
The latest labor market data reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite ...
Trump calls on Powell to resign in frustration over interest rates
President Donald Trump continued to ramp up his feud with Federal Reserve chair Jerome Powell over the central bank ...
Opinion
Congress just pushed the U.S. toward a debt crisis. The Fed can’t save us.
The odds of a federal debt crisis just got worse. On Thursday, Congress passed the One Big Beautiful Bill, a sweeping piece of legislation that threatens to leave the government with one big, ...