November 20, 20240 Comments

Trump to interview Warsh, Rowan for Treasury job on Wednesday, Bloomberg News reports By Reuters

(Reuters) – U.S. President-elect Donald Trump is scheduled to interview former Federal Reserve Governor Kevin Warsh and Apollo Global Management (NYSE:) CEO Marc Rowan on Wednesday for the post of Treasury Secretary, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Financial Times separately reported on Tuesday that Rowan has emerged as a top contender for the Treasury job, citing several people familiar with the matter. The

Read More
November 16, 20240 Comments

Bid to soften change rejected by Treasury

Getty Images The Chancellor announced an end to inheritance tax exemption for farms in October. A bid by the department for rural affairs to soften changes to inheritance tax for farms – possibly by exempting some older farmers – has been rejected by the Treasury. The Treasury said there would be no change or mitigations to the policy, which will see an end to inheritance tax exemption for some farms.

Read More
November 12, 20240 Comments

Trump backer John Paulson bows out as possible Treasury Secretary pick

John Paulson visits “Mornings With Maria” at Fox Business Network Studios on October 23, 2024 in New York City.  John Lamparski | Getty Images The investor John Paulson removed himself Tuesday from consideration as a potential nominee for Treasury secretary by President-elect Donald Trump. Paulson said, “My complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time.” “However, I intend to remain

Read More
November 11, 20240 Comments

Treasury should have told us about £9.5bn overspend by law

Getty Images The OBR said the last government did not provide them with all available information at former chancellor Jeremy Hunt’s last Budget The Treasury should have disclosed a £9.5bn overspend in the public finances in the run-up to the previous government’s Spring Budget “under the law”, the UK’s budget watchdog has said. Richard Hughes, chair of the Office for Budget Responsibility (OBR), told a committee of MPs on Tuesday

Read More