Today on TAP: The president has backed off his latest threats to fire Fed Chair Jay Powell and is now talking of a grand bargain with China.
Scott Bessent
Posted inTAP
The Lone Grownup in Trump’s Room
Today on TAP: The Treasury secretary has saved Trump from more than one disastrous impulse. But Trump resents minders. Are Scott Bessent’s own days numbered?
Posted inTAP
Could Jay Powell Restrain Trump?
Today on TAP: Trump’s destructive tariff policies could well require emergency Fed intervention that Powell doesn’t want. Will the Fed chair have the nerve to challenge Trump?
Posted inMoney, Politics, and Power
Congress Stops CFPB From Capping Overdraft Fees, Monitoring Big Tech
The two Congressional Review Act resolutions now go to President Trump.
Posted inPolitics
Why Haven’t House Democrats Moved to Impeach Scott Bessent?
There’s mounting evidence that Donald Trump’s Treasury secretary is not telling the truth about DOGE’s infiltration of the federal payments system.
Posted inMoney, Politics, and Power
Vought Stops CFPB From Functioning With Illegal Order
The budget director and acting head of the CFPB also tried to defund the agency, but found it was already funded through the fiscal year.
Posted inEconomic Policy
Bessent Gives Musk a Present, Stalling CFPB Oversight of Big Tech
A hastily added second order from the Consumer Financial Protection Bureau’s acting director halts the agency from supervising non-bank firms like X.
Posted inEconomic Policy
Nothing Normal About This CFPB Takeover
All work at the agency has been shut down indefinitely.
Posted inEconomic Policy
Trump’s Economy: Brute Force and Favor-Trading
The tariff threats against major trading partners preview geopolitical strategies that Trump’s Treasury secretary nominee Scott Bessent has articulated, with a dash of corruption thrown in.
Posted inTAP
Did Boris Epshteyn Run Afoul of Donald Trump’s Ethics?
Today on TAP: Or did he simply emulate them?