Ars Technica · Judge lets four more DOGE employees access US Treasury payment systems
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Judge lets four more #DOGE employees access US #Treasury payment systems
A federal judge has given Department of Government Efficiency (DOGE) employees access to US Treasury payment systems as long as they meet training and vetting requirements but denied the #Trump administration's motion to completely dissolve a preliminary injunction.
#privacy #security #takedown
Ars Technica · Judge lets four more DOGE employees access US Treasury payment systems
NABATAEAN ROSEA rocky landscape like giant scoops of ice cream in southern Jordan. You can imagine any flavor. Though a Strawberry Cheesecake or a Chunky Monkey was not the holy grail Indiana Jones was looking for. Walk the gorge and discover the treasury of the middle east in this archaeological city.
Petra, Jordan, 10 april 2019#petra #jordan #indianajones #unesco #treasury #middleeast #siq #nabataeans #arabian # البتراء # الأردن #silkroad #travel #voyage #archeology #colors #worldwonder #adventure #slow #landscape #movielocation #rocks #wadirum #filmmaker #film #
#travelling
Within hours of another "yippy" #Treasury #Bond auction, the #US #Congress approved sweeping task cuts (mostly to rich folk).
In the secondary market the 30-year treasuries are now past 5%. Pressure mounts on the #Housing market.
Over at the #FT a random commentator put it sharply: "It's going to be a Big Beautiful #Bankruptcy."
Continued thread
…the downgrade essentially warns investors globally not to lend money to Washington at such low interest rates. The yield on the 10-yr #Treasury climbed to 4.49% from 4.43% late Fri. That shows how much in interest the US govet has to pay in order to borrow money for 10 yrs, & it was briefly above 4.55% earlier Mon morning.
Perhaps even more joltingly, the yield on a 30-yr Treasury leaped back above 5% before receding, up from less than 4% in Sept. That’s a significant move for the #bond market.
Expelling experts is making Americans sick & unsafe.
“Across the federal government, DOGE’s push for early retirement and voluntary separation is fueling an exodus of experienced, knowledgeable staffers unlike anything in living memory, according to longtime staffers.”
#DOGE #NIH #Science #Health #PublicHealth #PublicSafety #Research #FAA #Treasury #Resist #USPol
https://www.washingtonpost.com/business/2025/05/17/trump-administration-brain-drain-doge/
The Washington Post · Trump’s actions are pushing thousands of experts to flee government
Continued thread
#Trump’s #memecoin dinner has drawn criticism from congressional Democrats, some of whom said in a letter Wed to #Treasury Secy #ScottBessent that the lack of identification for coin holders could allow “bad actors, including #authoritarian governments & companies they control, to enrich the Trump family” & gain #leverage over Trump’s #policy decisions. Sen Chris Murphy (D-CT) told WaPo that the coin was “the most corrupt thing a president has ever done.”
Following oral argument at the US Court of Appeals for DC this afternoon in National #Treasury Employees #Union v. #RussVought, a case in which the court is considering whether the #Trump admin’s efforts to unilaterally shut down the Consumer Financial Protection Bureau (#CFPB) are constitutional, Constitutional Accountability Center Equal Justice Works Fellow Anna Jessurun issued this:
#law #Constitution #SeparationOfPowers #CoEqualBranchesOfGovernment #Congress
https://www.theusconstitution.org/news/cac-release-at-the-d-c-circuit-everyone-agrees-that-the-constitution-does-not-permit-the-president-to-unilaterally-shutter-the-cfpb/
Constitutional Accountability CenterCAC Release: At the D.C. Circuit, Everyone Agrees that the Constitution Does Not Permit the President to Unilaterally Shutter the CFPB | Constitutional Accountability CenterWASHINGTON, DC – Following oral argument at the U.S. Court of Appeals for the District of Columbia this afternoon in National Treasury Employees Union v. Vought, a case in which the court is considering whether the Trump administration’s efforts to unilaterally shut down the Consumer Financial Protection Bureau (CFPB) are constitutional, Constitutional Accountability Center Equal […]
Moody's downgrades U.S. credit rating on increase in government debt
NBC News · Moody's downgrades U.S. credit rating on increase in government debt
Continued thread
“I think we’re going to be very fair. But it’s not possible to meet the number of people that want to see us,” #Trump said during a meeting w/ business executives in the UAE.
Trump said #Treasury Secy #ScottBessent & #Commerce Secy #HowardLutnick “will be sending letters out essentially telling people” what “they’ll be paying to do business in the United States.”
Top Democrats Demand Treasury Info on Trump’s Crypto Deals, Citing ‘Bribery’ Risks - Top House Democrats sent a letter to the U.S. Treasury Department Wednesday, asking its m... - https://www.coindesk.com/policy/2025/05/14/top-democrats-demand-treasury-info-on-trumps-crypto-deals-citing-bribery-risks #houseofrepresentatives #worldlibertyfinancial #presidenttrump #donaldtrump #democrats #treasury #policy #trump #news
CoinDesk · Top Democrats Demand Treasury Info on Trump’s Crypto Deals, Citing ‘Bribery’ Risks
Replied in thread
“The government can always finance its spending by creating money.”
~Hyman Minsky, economist
Continued thread
Those economic fears have pressured #Trump into seeking a deal w/ #China.
After roughly 7 hours of talks on Saturday, the #US said it would not release any formal statement about the proceedings.
…#Treasury Secy #ScottBessent & #JamiesonGreer, the US #Trade Rep, are leading the talks for Washington. For Beijing, the negotiations are being led by He Lifeng, China’s vice premier for #EconomicPolicy.
#Treasury Secretary Bessent says that trade negotiations with #China will begin on Saturday. #Tariff hardliner Peter Navarro will not be part of the negotiating team. https://www.reuters.com/world/us-treasurys-bessent-says-china-negotiations-start-saturday-without-navarro-2025-05-07/
Continued thread
#JDVance said the #trade situation w/ #China was not sustainable. He said “Liberation Day”was only 30 days ago, & “we are in the early innings” of negotiations.
#Treasury Secy #ScottBessent, speaking at a #House hearing on Wednesday, declined to say which countries are close to reaching trade agreements w/the US & said that the deals would initally be agreements *in principle* that would be finalized in the coming months.
https://www.alojapan.com/1267708/metaplanet-3350-buys-another-555-btc-plans-to-issue-25m-of-bonds-to-buy-more/ Metaplanet (3350) Buys Another 555 BTC, Plans to Issue $25M of Bonds to Buy More #bitcoin #BondIssue #Japan #metaplanet #news #Tokyo #TokyoNews #treasury #東京 #東京都 Japanese investment firm Metaplanet (3350) said it will sell a second $25 million of bonds to EVO FUND to fund further purchases of bitcoin (BTC). The Tokyo-based company agreed to issue the debt only days after selling the same amount of bonds to the same buyer. The bonds, which wi…
It’s hard to imagine anyone more uncomfortable than Scott Bessent.
What’s it like to destroy yourself in public, Scott?
“Who pays #tariffs Mr. Secretary?”
During a congressional hearing on Tuesday, Rep. Mark Pocan (D-WI) was clearly unsatisfied w/the stumbling nonresponse from #Treasury Secy #ScottBessent.
#Bessent stammered, eventually telling #Pocan, "It's a very complicated question."
Hmmm. Is it really?
"Japan could use its $1 trillion-plus holdings of U.S. Treasuries as a card in trade talks with Washington, its finance minister said on Friday"
https://www.reuters.com/markets/asia/japans-us-treasury-holdings-among-tools-trade-talks-finance-minister-kato-says-2025-05-01/
#Treasury #USA #Japan #Tariffs #Trade
https://www.alojapan.com/1263514/japans-kato-says-us-treasury-holdings-could-be-negotiation-card/ Japan’s Kato Says US Treasury Holdings Could Be Negotiation Card #bloomberg #Japan #JapanNews #JapanTopics #KatsunobuKato #news #treasury #TreasuryHoldings (Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg Japan’s Finance Minister Katsunobu Kato said the country’s US Treasury holdings could be a card in its trade talks with Washington, referring to the largest stockpile of US deb…
