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.
Treasury Department
Posted inMoney, Politics, and Power
The Crypto Plot Against America’s Gold Reserves
National Treasure: Bitcoin Edition
Posted inVideos
The Prospect Weekly Roundup: Trump’s Cabinet Picks
On our live show, David and Emma discuss the latest cabinet nominations—and early misfires.
Posted inTAP
Blood and Treasure
Today on TAP: The infighting grows fierce as Trump keeps searching for a Treasury secretary.
Posted inMoney, Politics, and Power
What We Talk About When We Talk About the Revolving Door
Bringing tech and finance executives into government because they are ‘the country’s smartest and hardest-working people’ is faintly ridiculous.
Posted inPolitics
The Playbook for Improving the Secret Service Has Been Around Since 2015
That’s when a congressional committee issued a 435-page analysis of its failings, whose key recommendations have yet to be implemented.
Posted inEconomic Policy
Treasury Foresaw the Synapse Collapse Two Years Ago
An agency report detailed how fintech ‘neobanks’ could fall into the regulatory cracks. Nobody managed to patch them up, and now depositors can’t retrieve their own money.
Posted inLaw and Justice
A Five-Year Prison Sentence for a Public Hero
Leniency is needed for a good kind of civil disobedience.
Posted inMoney, Politics, and Power
Warren and Jayapal Raise Revolving-Door Concerns at the IRS
The agency and its prospective nominees are adopting stricter ethics standards following a 2021 investigation.
