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The Latest Breaking News from David Wessel

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Budget, Debt: Trump's Treasury Chief Faces Urgent Challenges

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit.

International Business Times

How J.D. Vance could put Trump campaign at odds with business on labor, antitrust, immigration

J.D. Vance's positions on labor, immigration, and antitrust law would be a big departure for the Republican Party.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Jaime Dimon is worried about private credit. Here's a look at the fast growing Wall Street business and the risks it poses

Private credit is expected to hit $3.5 trillion in AUM by the end of 2028 but many still don't understand it.

Fortune

A tax loophole made fund managers rich. Closing it may help pay for the climate bill

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

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