The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.

The Democratic Party's left wing is responding to President Joe Biden's strong words about the possibility of an American oligarchy with a combination of appreciation, bemusement and frustration.

The super-rich have long played a role in U.S. politics but have an unusually prominent spot in incoming President Donald Trump's new administration.

U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.

Senate hearings are proceeding for President Donald Trump’s picks for his Cabinet.

The Trump family business has agreed to a voluntary ethics agreement that would ban it from striking direct deals with foreign governments after inauguration, but would give it a free hand to pursue ventures with private foreign companies.

President-elect Donald Trump made an appearance with Italian Prime Minister Giorgia Meloni, who was visiting his Mar-a-Lago club.

Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.

President-elect Donald Trump vigorously campaigned against diversity and inclusion efforts in business and government.

U.S. stocks rose, with those benefiting the most from lower interest rates and a stronger economy leading the way.

President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary.

President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.

President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.

One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.

President-elect Donald Trump has filled key posts for his second term in office, prioritizing loyalty after feeling like he was hampered by internal squabbles during his first term.