All posts tagged "Us Treasury"

Treasury Secretary Scott Bessent drew online scorn after he tried dismissing a damning report as 'backroom gossip.'

On Wednesday, Bessent publicly attacked Wall Street Journal reporter Nick Timiraos because of a report about him pulling the Federal Reserve into President Donald Trump's efforts to prop up the Japanese yen. In a post on X, Bessent slammed Timiraos and his reporting on the Trump-appointed Federal Reserve chairman, Kevin Warsh.

"One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ's Nick Timiraos, reduced to reporting Fed backroom gossip," Bessent wrote. "They're incapable of performing real economic or monetary policy analysis without being spoon-fed."...

US stocks fell Thursday as continued concern about the US budget impasse, underscored by a dire Treasury report, and weak US services sector data offset other upbeat economic data.

The US Treasury said Monday it had earned $25 billion from investments it made in mortgage-backed securities during the height of the financial crisis in 2008-2009.

The US Treasury has hit back against a Standard and Poor's downgrade of its AAA credit rating, saying there was a $2 trillion dollar error in the agency's calculations.

WASHINGTON — The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised, expected this week if a highly contentious legislation crafted over the weekend clears Congress.

WASHINGTON – The US central bank was a pretty profitable business in 2010, returning $79.3 billion to the government, much of it interest on securities bought to prop up the economy, it said Tuesday.