Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, will step into the spotlight this week, with the Senate Finance Committee scheduled to start his confirmation ...

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting ...

Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.

The breaching of the US debt limit could expose 2 bullish catalysts for stock prices: lower interest rates and gridlock among ...

Congressional GOP leaders are in a massive pickle as they weigh how to deal with a looming deadline to raise the debt ceiling ...

President Donald Trump is remaking the traditional boundaries of Washington, asserting unprecedented executive power and ...

As she exited the job, Treasury Secretary Yellen urged Congress to increase or suspend the debt ceiling—and detailed actions ...

The day after President Donald Trump takes office, the U.S. Treasury said it will employ "extraordinary measures" to avoid ...

the U.S. Treasury said it will employ "extraordinary measures" to avoid hitting the debt limit. In a letter, outgoing ...

and the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing ...

U.S. Treasury Secretary Janet Yellen is warning that the government will reach its debt limit on Tuesday and will need to ...

Projections show steady budget deficits exceeding 5% of GDP, even assuming that the bulk of the 2017 tax cuts expire.