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Larry Summers, the former Treasury secretary who has been dogged by his past friendship with Jeffrey Epstein, will resign from teaching at Harvard University by the end of the current academic year, according to reports on Wednesday...Summers previously served as president of Harvard.

🚨 HOLY CRAP! Scott Bessent just PUMMELED Gavin Newsom in Davos "He's here this week with his billionaire sugar daddy, Alex Soros!" 🔥 "I think it's very, very ironic that Newsom — who strikes me as Patrick Bateman meets Sparkle Beach Ben — may be the only Californian who knows less about economics than Kamala Harris!" BOOM!

In the tariff war between China and the United States, a lot of chatter in the Pravda Media is about Xi Jinping's defiance, his outreach to European countries and other less important but collectively significant developing countries, and his retaliatory moves against America. They make it sound like China has a lot of cards to play in the trade war with America. China has put civilian government officials on a "wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs. https://t.co/rZWU2zsARQ— The Japan Times (@japantimes) April 14, 2025Collectively,...

Inside the White House, Commerce Secretary Howard Lutnick has been perhaps the biggest proponent of ”Liberation Day,” President Donald Trump’s promised unveiling of sweeping new tariffs on Wednesday. But as the day nears, the potential fallout from those tariffs may well liberate Lutnick from his role in the administration, according to half dozen people close to the White House. While Americans and much of the world brace for a possible season of pain following the imposition of the new tranche of tariffs, Trump’s orbit is ready to play the blame game should things go poorly for the White House. And...

Treasury Secretary nominee Scott Bessent declares it during Senate hearing for his confirmation. CBDCs are Fascist Coin. A CBDC would effectively give the government total control over each person's money individually....a level of control even Orwell never dreamed of.

Scott Bessent on CNBC: “The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.”

Donald Trump’s Treasury Secretary pick, hedge fund mogul Scott Bessent, called out irresponsible and inflationary government spending and offered solutions to America’s financial crises in his opening statement. At his Senate confirmation hearing, Bessent criticized the out-of-control spending that members of both parties in Congress and the Biden-Harris administration have fueled. Bessent further emphasized the importance of having the U.S. dollar as world reserve currency and proposed tax cuts and tariffs as key solutions to the economic and financial crises America is currently facing. After predicting “a new economic golden age that will create more jobs, wealth and prosperity for...

According to Politico, Democrat Reps. Judy Chu (D-CA) and Gwen Moore (D-WI) marched into Speaker Johnson’s office unannounced and demanded answers on Musk’s DOGE team. Politico reported: Reps. Judy Chu (D-Calif.) and Gwen Moore (D-Wisc.) barged into House Speaker Mike Johnson’s office unscheduled on Wednesday and challenged him about Elon Musk’s team gaining access to a sensitive payment system at the Treasury Department. Their intrusion, amid an escalation of Democratic backlash against Musk’s sweep through the federal government, came shortly after Treasury Secretary Scott Bessent arrived at the speaker’s office to discuss how to implement President Donald Trump’s tax agenda....

Scott Bessent said the US should increase sanctions on Russian oil producers to force Moscow to negotiate with Ukraine as he criticised the Biden administration for not being tougher on Vladimir Putin’s regime. The comments on Thursday by Donald Trump’s nominee to be Treasury secretary pushed up oil prices, as traders considered the prospect of tighter global crude supply. The new administration is also expected to target Iranian and Venezuelan oil with tougher sanctions as Trump seeks to increase economic pressure on the US’s adversaries.

Treasury Secretary-nominee Scott Bessent told senators Thursday that he would be “100 percent on board” with increasing sanctions on Russia’s major oil companies if President-elect Trump supports that strategy as a way to end the war in Ukraine. “If any officials in the Russian Federation are watching this confirmation hearing, they should know that if I’m confirmed and if President Trump requests as part of his strategy to end the Ukraine war, that I will be 100 percent on board for taking sanctions up, especially on the Russian oil majors, to levels that would bring the Russia Federation to the...

President-elect Donald Trump will name hedge fund mogul Scott Bessent as the next treasury secretary, four sources tell The Post, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. Bessent “got the thumbs up” late Thursday during a meeting with Trump at his Mar-a-Lago resort in Palm Beach, Fla., one source close to the situation told The Post. A flurry of last-minute media report have floated a slew of candidates. Late Thursday, the Wall Street Journal reported that financier Kevin Warsh had met with Trump on Wednesday about the Treasury post — and possibly replacing...

VIDEOMunchkins are cute li'l critters. However you don't want to assign any responsibilities to them since they are also completely helpless and unable to function in real world situations. An example of this is the Munchkin known as Janet Yellen who has proved herself to be completely useless as the Secretary of Treasury. You can see Munchkin Yellen's helplessness on display culminating in the downgrading of the USA debt rating. The poor Munchkin can't figure out why that happened.

The Daily Signal has been able to get 217 pages from the National Security Administration (NSA) under FOIA. Those pages show the huge effort to “torpedo” the Trump administration before they even took office with an effort to go after Gen. Michael Flynn, the man who would be National Security Advisor for President Donald Trump.Flynn’s conversation with the Russian ambassador in the period between November 2016 and Jan. 2017 was intercepted by intelligence officials for the Obama administration, and then his name was unmasked.The Signal requested the information in March 2021 and didn’t get the documents until June 30, 2023.Some...

U.S. Treasury Secretary Janet Yellen said on Thursday she did not expect the U.S. economy to tip into a recession, but growth would "absolutely" slow down and gasoline prices were unlikely to fall anytime soon. "I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid," she told a New York Times Dealbook event. "I know people are very upset and rightly so about inflation, but there's nothing to suggest that a ... recession is in the works." Yellen, who last week conceded she had been wrong about predicting inflation would be transitory,...

Former Treasury Secretary Larry Summers, who served as head of the National Economic Council during the Obama administration, has slammed the Biden White House for being “behind the curve” on the inflation ravaging the economy. “I think we’re speeding down the road at a really rapid rate,” Summers told CNN’s “Cuomo Prime Time” Wednesday. “It’s kind of a downhill road. And it’s not going to be so easy to put the brakes on here. And that’s why I’m concerned.” Summers spoke on the same day that the Labor Department announced that its Consumer Price Index, which measures the cost of...

In the short term, should Joe Biden win the election and move into the White House, he would take office with a Democratic Party unified in its opposition to all things Trump. The question is how long would that last before leaders of every liberal interest group circling the new administration begin to get restless. In answer to this question, Carter Eskew, a top strategist on Al Gore’s 2000 campaign, wrote by email that Biden became a unity candidate in response to an overwhelming, almost feral desire to limit Trump’s damage to one term. When Trump leaves, Democratic unity, I...

Hillary Clinton generates events to support her narrative. For example, Clinton accused Trump of creating an atmosphere of violence at his rallies. To support the narrative she paid people to instigate trouble at Trump rallies. She has long had the narrative that Trump is connected with Russia. It began with accusations that Trump’s adviser Paul Manafort was tied to Russia, and that Trump too was tied to Russia. That went nowhere. Now months later the narrative has advanced to Russia hacked the DNC. This claim is based on Dmitri Alperovitch and Crowdstrike. Given Clinton’s pattern of generating events to support...

Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess, in what could prove a tough task as lawmakers work through a complex agenda. "We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan," he told CNBC in his first television interview since assuming office. President Donald Trump has repeatedly made pledges for tax reform and regulatory cuts since he took office, creating optimism among business executives and investors. So...

Donald Trump will nominate Steve Mnuchin, who has ties to both Wall Street and Hollywood, to be treasury secretary, according to a report Tuesday. The 53-year-old, who also served as finance director for the presidential campaign, was at Trump Tower on Tuesday to meet with the transition team.

Billionaire investor Carl Icahn told Bloomberg News that he's endorsing Donald Trump because he's the sort of leader the US needs at this time. "I disagree on certain points I don’t want to get into, I’m sure those can be worked out, but the basic thing is, you need somebody that can get things going in Congress, and I think he can do it. You need somebody that understands business, and I think he understands it," Icahn told Bloomberg. Shortly after Trump launched his campaign, the candidate appeared on MSNBC's "Morning Joe." On the show, the billionaire real-estate magnate said...