Unlike Libor, SOFR is an interest rate benchmark derived from actual financial transactions, rather than vibes and whatever was convenient for some traders’ P&L. Specifically, it is based on the ...

President Donald Trump has answered the mandate he was given by pushing full steam ahead on the most ambitious economic ...

Republican lawmakers do not like crossing President Trump, but they also don’t like his trade war, and several are either ...

In today’s edition … Republicans want to keep the focus on tax cuts ... You tell us whether Kamala Harris should run for ...

US Treasury yields have risen while the dollar has fallen in an unusual divergence some call the "Sell America" trade.

Surging government debt levels are becoming a pressure point for big economies and bond investors have their sights on those ...

Bessent led talks in Geneva last month, which resulted in a temporary 90-day truce. But Trump accused China of violating the agreement last week.

The bill containing Trump's tax cuts and border and defense spending is expected to face some hurdles in the Senate.

Treasury Secretary Scott Bessent comments on tough trade negotiations with China during an interview with CBS's Margaret ...

"There's $1.6 trillion worth of savings in this bill," White House Press Secretary Karoline Leavitt said during a May 19 press briefing. "That's the largest savings for any legislation that has ever ...

President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House Press Secretary Karoline ...

CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...