As the federal government shutdown drags on, the U.S. national debt has reached a historic milestone — surpassing $38 trillion| IJR
Secretário do Tesouro, um egresso de Wall Street, tem sido defendido como um possível nome para comandar o Fed após término de mandato de Powell daqui a um ano, disseram fontes à Bloomberg News| Bloomberg Línea Brasil
Trump's attempts to extend his power by force -- to replace American hegemony with personalized coercion -- are and will continue to backfire, diluting the power of that coercion. The post Love in the Time of Hegemonic Suicide appeared first on emptywheel.| emptywheel
State of the Union: The deal, whose details have yet to be finalized, will end the ongoing trade war between the two superpowers. The post U.S., China Agree to Trade Deal Framework appeared first on The American Conservative.| The American Conservative
Scott Bessent just casually said the quiet part out loud.| The New Republic
FinCEN is pushing back against FNF’s claim that its mandatory reporting rule will cause title companies irreparable harm.| HousingWire
Scott Bessent confessed to Larry Kudlow how the Trump Administration is trying to sustain their illegal tariffs: by collecting enough revenue from them (and lying about how much they're really collecting) that SCOTUS won't dare uphold the law.| emptywheel
For years, Republicans, including President Donald Trump, have railed against the IRS and its cadre of armed agents.| AP News
Trump calls Bessent “very good” and “soothing” but not top pick for Fed chair; criticizes Powell’s spending, comments on crypto bill.| The Pavlovic Today
The U.S. stock market, which had suffered since President Trump unveiled his tariff plan, rose sharply after he announced a pause to allow negotiations.| CNBC
Elon Musk is rapidly consolidating control over large swaths of the federal government with President Donald Trump’s blessing.| AP News
Until Further Notice: Comprehensive coverage of the Trump-Musk Treasury Payments Crisis of 2025| Notes on the Crises