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White House reacts to federal funding memo reversal
President Trump's White House is commenting on a decision to rescind the memo calling for a freeze in some federal funding after a court ruled to block the action. CBS News' Olivia Rinaldi reports.CBS News - 59m -
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Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.The New York Times - 1d -
EPA halts fund disbursement under OMB memo
Presented by American Petroleum Institute — The Environmental Protection Agency (EPA) has halted disbursement of federal aid as part of an order from the White House Office of Management and Budget ...The Hill - 21h -
Backlash in Congress over Trump's federal funding memo
Senate Minority Leader Chuck Schumer (D-NY) reacted to President Trump's memo calling for a pause in federal funding for certain programs. CBS News' Nikole Killion has more.CBS News - 1d -
Bessent pushes gradual 2.5% universal US tariffs plan
Trump’s Treasury secretary wants levies to rise month by month in order to give businesses time to adjustFinancial Times - 1d -
Scott Bessent wins Senate confirmation as Treasury secretary
The Wall Street veteran won the Senate's confirmation to be Treasury secretary. The vote was 68-29.CNBC - 1d -
Bessent makes history at Treasury as highest-ranking LGBTQ official
The Senate on Monday confirmed billionaire hedge fund manager and investor Scott Bessent as President Trump’s Treasury secretary, making him the highest-ranking LGBTQ official in the nation’s ...The Hill - 1d -
Senate confirms Scott Bessent as Treasury secretary
The Senate voted Monday as Senate Republicans work to quickly install President Trump's picks for top administration posts.CBS News - 1d -
Senate confirms Scott Bessent as Trump's Treasury secretary
Scott Bessent on Monday secured confirmation to lead the Department of the Treasury, putting President Trump’s top economic nominee in place ahead of a daunting GOP push to enact Trump's ambitious ...The Hill - 1d -
Senate confirms Scott Bessent as treasury secretary
President Donald Trump is set to attend a high-profile policy conference with House Republican lawmakers in his home state of Florida. Trump first landed in Miami on Saturday and has been at his ...NBC News - 2d -
Senate tees up final vote on Bessent nomination to lead Treasury
The Senate on Saturday voted to advance Scott Bessent’s nomination to become the next secretary of the Treasury, putting him in line to be confirmed on Monday. Senators voted 67-23 to tee up final ...The Hill - 4d -
The Memo: Trump goes full bore against DEI
President Trump is taking full aim at diversity, equity and inclusion (DEI) programs, apparently making the calculation that the peak for such initiatives has passed and that they are viewed with ...The Hill - 5d -
The Memo: Trump 2.0 comes into focus
President Trump’s second term is coming into much sharper focus in its first 72 hours — delighting his supporters but ringing loud alarm bells for liberal Americans. Trump has been delivering on ...The Hill - 6d -
New Hegseth allegations emerge
Peter Hegseth, President Donald Trump's Defense secretary pick, is facing new allegations, this time from his former sister-in-law, who claims the former Fox News host made his second wife fear for ...CBS News - Jan. 21 -
Senate panel advances Bessent nomination
The move clears the way for a Senate floor vote in the coming days.Politico - Jan. 21 -
The Memo: Trump set to ‘shock and awe’ with executive actions
President-elect Trump is expected to unleash a blizzard of executive orders as soon as he takes office on Monday, seeking to demonstrate he can deliver on the hopes of supporters who elected him to ...The Hill - Jan. 20 -
Bessent's big day
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump's Treasury nominee takes center stage Scott Bessent, President-elect ...The Hill - Jan. 16 -
Trump nominees Burgum, Bessent and other picks sit for Senate confirmation hearings
President-elect Donald Trump's picks for the Treasury, Housing and Urban Development and Interior departments, along with the Environmental Protection Agency, went before lawmakers on Thursday. ...CBS News - Jan. 16 -
Bessent calls for stronger Russia sanctions at treasury confirmation hearing
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.CBS News - Jan. 16 -
Scott Bessent believes federal minimum wage should not be increased
Scott Bessent, President-elect Trump's pick to serve as treasury secretary, told Sen. Bernie Sanders, I-Vt., that the minimum wage is "more of a statewide" issue and that he believes there should ...NBC News - Jan. 16 -
Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - Jan. 16 -
Bessent open to increasing sanctions on Russia
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 ...The Hill - Jan. 16 -
Watch live: Treasury hopeful Scott Bessent testifies at Senate confirmation hearing
Billionaire investor Scott Bessent, President-Trump's pick to head the Treasury Department, will testify before the Senate Finance Committee on Thursday morning. During the confirmation hearing, ...The Hill - Jan. 16 -
Bessent to tell senators Trump will usher in 'economic golden age'
Scott Bessent, President-elect Trump’s pick to lead the Treasury, plans to tell senators during his confirmation hearing that the next four years will present an opportunity for an “economic golden ...The Hill - Jan. 16 -
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.The New York Times - Jan. 16 -
Bessent, Burgum headline Thursday's confirmation hearings
Confirmation hearings for President-elect Trump’s Cabinet picks are in full swing again Thursday as the Senate works to screen his controversial nominees. Committees will hear from the contenders ...The Hill - Jan. 16 -
Senate Democrats circulating memo alleging Bessent tax dodges
The memo called out millions of dollars in losses Treasury Secretary nominee Scott Bessent claimed related to his investment in a conservative publishing house, among other issues.Politico - Jan. 15 -
Meta announces 5% cuts in preparation for 'intense year' — read the internal memo
Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.CNBC - Jan. 14 -
Meta announces 5% cuts in preparation for 'intense year.' Read the internal memo.
Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday.NBC News - Jan. 14 -
Bessent to divest from assets on road to leading Treasury
President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...The Hill - Jan. 13 -
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.The New York Times - Jan. 11 -
Amazon to halt some of its DEI programs: Internal memo
The company said it is in the process of "winding down outdated programs and materials" as part of a broader review of hundreds of initiatives.CNBC - Jan. 10 -
Meta announces end of DEI programs. Read the internal memo
Meta says it plans to end a number of internal DEI programs, designed to increase the company's hiring of diverse candidates.CNBC - Jan. 10 -
The Memo: Trump-Newsom feud ramps up as Los Angeles fires rage on
The feud between President-elect Trump and California Gov. Gavin Newsom (D) is hitting new peaks of intensity as wildfires rage on in Los Angeles. Trump has called on Newsom to resign, while the ...The Hill - Jan. 9 -
How Elon Musk seized on baseless memo claim to fuel wave of misinformation
The X owner shared false claims that a Home Office memo urged police not to intervene in child grooming cases.BBC News - Jan. 9 -
The Memo: Trump sparks political fight as Los Angeles wildfires rage
President-elect Trump has sparked a political battle over the wildfires ravaging Los Angeles even as those fires are still far from contained. Any suggestion that the disaster — which has already ...The Hill - Jan. 8 -
The Memo: Echoes of an earlier Jan. 6 reverberate as Trump’s win is certified by Congress
It was routine — and that was the point. Congress certified President-elect Trump’s election victory in a smooth and relatively brief ceremony Monday. The normalcy of the occasion was a ...The Hill - Jan. 6 -
The Memo: New Orleans mass killing gets pulled into partisan political battle
It took less than 48 hours for the mass killing in New Orleans to be pulled into the partisan debates that are roiling the nation. In the process, some of the political rhetoric ran roughshod over ...The Hill - Jan. 3