Damian Paletta is The Wall Street Journal’s Washington coverage chief.

While the US dollar will remain a key pillar of the global economy, Trump's erratic and irrational policies are likely to accelerate the process of currency diversification ...

Gary Shapley, who was named only days ago as the acting commissioner of the Internal Revenue Service, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender amid a ...

WASHINGTON — Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting commissioner of the IRS after reports the current leader of the agency, Gary Shapley ...

Hours later, the White House insisted the President was not suggesting he would be firing Jerome Powell, whom he installed during his first term, but the Treasury Secretary Scott Bessent reportedly is ...

“Any self-respecting Treasury Secretary would resign rather have the Department be complicit in the weaponization of the IRS against a political adversary of the President,” Summers wrote ...

Before joining Raw Story, Brad Reed spent eight years writing about technology at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet ...

Former Treasury Secretary Larry Summers said on Thursday that Treasury Secretary Scott Bessent should resign before he complies with President Trump’s directive for the Internal Revenue Service (IRS) ...

Alexander Hamilton got it right when he said that every US Treasury secretary after him would be plagued by the prospect of weary creditors questioning the strength of American debt. Investors the ...

WASHINGTON (CNN) -- Former Massachusetts Gov. Mitt Romney praised President Obama at a GOP fundraising dinner Wednesday in front of a crowd that might have been expecting a heavy dose of ...

Former Treasury Secretary Larry Summers said on Thursday that Treasury Secretary Scott Bessent should resign before he complies with President Trump’s directive for the Internal Revenue Service ...