The move follows the ousting of a career official who rebuffed attempts to use the payment system to stop federal spending.

Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil ...

President Donald Trump said that the state-owned investment fund could possibly foot the bill to purchase TikTok under the ...

Wendy Edelberg of Brookings says "political malpractice" might be a bigger risk to economic stability than the government's ...

President Donald Trump on Monday ordered the creation of a government-owned sovereign wealth fund of financial assets, which ...

Musk’s allies repeatedly demanded access to sensitive government payment systems, according to the Washington Post.

Expert Blake Emerson discusses the legal ramifications of Elon Musk and the Trump administration's recent economic moves.

The Senate confirmed Scott Bessent as Treasury secretary on Monday, elevating the hedge fund manager to the new ...

Elon Musk, the tech billionaire and unelected adviser to President Donald Trump, is asserting control over much of the federal bureaucracy and sensitive government computer systems despite lacking ...

Elon Musk and his aides have taken control of the US Treasury Department's payments system, which manages trillions of ...

U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump's new acting consumer finance ...