INSIDER
Trump administration orders consumer protection agency to stop work, closes building
Read full article: Trump administration orders consumer protection agency to stop work, closes buildingThe Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Democrats ask for an investigation into DOGE's access to Treasury's payment systems
Read full article: Democrats ask for an investigation into DOGE's access to Treasury's payment systemsDemocratic lawmakers are seeking a Treasury Department investigation of the access that Elon Musk’s team was given to the government’s payment system.
Trump's Justice Department ends Biden-era task force aimed at seizing assets of Russian oligarchs
Read full article: Trump's Justice Department ends Biden-era task force aimed at seizing assets of Russian oligarchsThe Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets of Russian oligarchs as a means to punish Russia for its invasion of Ukraine.
US imposes sanctions on network that helps ship Iranian oil to China
Read full article: US imposes sanctions on network that helps ship Iranian oil to ChinaThe U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China.
Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available
Read full article: Elon Musk creates confusion about IRS' Direct File — but the free tax program is still availableBillionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program.
Trump orders creation of US sovereign wealth fund, says it could own part of TikTok
Read full article: Trump orders creation of US sovereign wealth fund, says it could own part of TikTokPresident Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.
Elon Musk's DOGE commission gains access to sensitive Treasury payment systems: AP sources
Read full article: Elon Musk's DOGE commission gains access to sensitive Treasury payment systems: AP sourcesThe Department of Government Efficiency, run by President Donald Trump’s billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data including Social Security and Medicare customer payment systems.
Woman who wanted to kill GOP leaders said she was inspired by CEO's slaying, prosecutors say
Read full article: Woman who wanted to kill GOP leaders said she was inspired by CEO's slaying, prosecutors sayProsecutors say a Massachusetts woman accused of planning to kill Republican leaders at the U.S. Capitol told police she was influenced by Luigi Mangione, the man charged with fatally shooting the CEO of UnitedHealthcare last year.
Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days
Read full article: Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 daysBillionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
Read full article: Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cutsThe U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
Read full article: CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cutsThe national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
Progressives are frustrated by Biden's final-days warning of billionaire influence
Read full article: Progressives are frustrated by Biden's final-days warning of billionaire influenceThe Democratic Party's left wing is responding to President Joe Biden's strong words about the possibility of an American oligarchy with a combination of appreciation, bemusement and frustration.
As Biden warns of an 'oligarchy,' Trump will be flanked by tech billionaires at his inauguration
Read full article: As Biden warns of an 'oligarchy,' Trump will be flanked by tech billionaires at his inaugurationThe super-rich have long played a role in U.S. politics but have an unusually prominent spot in incoming President Donald Trump's new administration.
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
Read full article: Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panelU.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.
The Trump company is not banning private foreign deals, a break with its first term policy
Read full article: The Trump company is not banning private foreign deals, a break with its first term policyThe Trump family business has agreed to a voluntary ethics agreement that would ban it from striking direct deals with foreign governments after inauguration, but would give it a free hand to pursue ventures with private foreign companies.
Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Read full article: Key members of OPEC+ alliance are putting off production increases amid slack crude pricesEight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
Read full article: Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretaryPresident-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary.
What to know about Scott Bessent, Trump's pick for treasury secretary
Read full article: What to know about Scott Bessent, Trump's pick for treasury secretaryPresident-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor
Read full article: Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for LaborPresident-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.
Trump's treasury pick could give an indication of what he plans to do about tariffs
Read full article: Trump's treasury pick could give an indication of what he plans to do about tariffsOne of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.
Trump's picks for key positions in his second administration
Read full article: Trump's picks for key positions in his second administrationPresident-elect Donald Trump has filled key posts for his second term in office, prioritizing loyalty after feeling like he was hampered by internal squabbles during his first term.