Treasury Secretary Scott Bessent is gay and married. Hello?
Treasury Department
Posted inEconomic Policy
House Republicans Take Their Turn at Ravaging CFPB
Kneecapping the consumer financial protection agency would do much to enable fraud, and next to nothing to reduce federal expenditures.
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 inEconomic Policy
The Great Trump Crash?
Emergency warnings are lighting up all over financial markets, solely because of Donald Trump.
Posted inMoney, Politics, and Power
Move Fast and Break the Mortgage Market
The chief regulator for Fannie Mae and Freddie Mac is now also the board chair of both companies. What’s the long game here?
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 inTAP
The Queensberry Dilemma
Today on TAP: Should liberals and federal judges take the high road against Trump and get pummeled?
Posted inLaw and Justice
Will Trump Continue to Defy Court Orders?
As long as nobody will stop him, why wouldn’t he?
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.