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The Latest Breaking News from Jon Hilsenrath

The $40 trillion national debt and the bond market's revolt: top Wall Street strategists explain how we got into this mess

David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.

Scott Bessent, Stanley Druckenmiller and a hedge-fund legend hoist on his own petard

Scott Bessent, Stanley Druckenmiller and a hedge-fund legend hoist on his own petard

The protege, the mentor, and a hedge-fund global macro strategy turned against its own pioneer as the bond vigilantes ride again.

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

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How Scott Bessent used financial engineering to fund the $2 trillion deficit while leaving it untouched

The alarm is coming from inside the house. The Treasury Borrowing Advisory Committee says the borrowing math no longer adds up.

Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it

“That was hawkish Kevin talking,” according to “the Fed whisperer,” Jon Hilsenrath.

Scott Bessent made a billion betting against a faked currency. On China's, the Treasury chief is silent

Bessent has been a currency hawk ever since he worked for George Soros in 1992 and saw something off with the British pound.

Fed whisperer splits on Powell: A+ as steward, but ‘I don't think you could give him high marks on the economy’

"I think they made a lot of mistakes under his leadership, on the economics and the monetary policy."

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Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst

The Independent UK

How Janet Yellen found her match in economics and life with husband George Akerlof

How Janet Yellen found her match in economics and life with husband George Akerlof

The treasury secretary's partnership with her husband has hugely influenced her rise to the most powerful woman in U.S. economic policymaking history.

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