Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
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Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies. Speaking at the White House,…

U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
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U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Treasury Secretary Janet L. Yellen told Congress on Friday that on Jan. 21 the Treasury Department will have to begin using so-called “extraordinary measures” to prevent the United States from defaulting on its debt. The warning was likely one of Ms. Yellen’s final…

Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
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Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to divest from dozens of funds, trusts and investments in preparation to become the nation’s top economic policymaker. Those plans were released on Saturday…

U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader
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U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The United States declared on Tuesday that a genocide took place in Sudan, drawing fresh attention to the scale of atrocities in Africa’s largest war and singling out one side in the conflict as the perpetrators of some of the worst violence. Secretary…

After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
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After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The Biden administration on Friday made final its long-awaited plan to offer billions of dollars in tax credits to companies that make hydrogen, in the hopes of building up a new industry that might help fight climate change. When burned, hydrogen mainly emits…

Chinese hackers infiltrate US Treasury in major cyberattack, officials tell Congress
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Chinese hackers infiltrate US Treasury in major cyberattack, officials tell Congress

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines A China state-backed actor successfully breached into US Treasury Department workstations and accessed “unclassified” documents via a cloud service intrusion earlier this month, officials told a key Senate committee. The cyber intruders targeted a third-party security system, BeyondTrust, which alerted the Treasury of…

US may hit new debt limit by Jan. 14, Treasury Secretary Janet Yellen warns Congress
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US may hit new debt limit by Jan. 14, Treasury Secretary Janet Yellen warns Congress

ByNews Polite

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The Treasury Department may need to take “extraordinary measures” by as early as Jan. 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday. Yellen urged lawmakers in Congress to act “to…

Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources
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Donald Trump to tap Scott Bessent for Treasury secretary, ending fierce battle for key job: sources

ByNews Polite

President-elect Donald Trump will name hedge fund mogul Scott Bessent as the next treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. Bessent “got the thumbs up” late Thursday during a meeting with Trump at his Mar-a-Lago resort…

GOP panel demands Treasury records on ‘fraudulent’ Dem donations
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GOP panel demands Treasury records on ‘fraudulent’ Dem donations

ByNews Polite

A Republican-led House committee fired off a letter to the Treasury Department on Friday that demanded access to any Suspicious Activity Reports (SARs) as part of a new investigation into a Democratic fundraising platform’s “potentially fraudulent” donations. House Oversight Committee Chairman James Comer (R-Ky.) wrote to Treasury Secretary Janet Yellen,…