latest news in Fiscal Policy
Treasury Secretary Rules Out Crypto Bailouts During Contentious Financial Stability Hearing
Washington, Wednesday, 4 February 2026.
Bessent explicitly rejected using taxpayer funds to “bail out Bitcoin,” clarifying the Treasury’s stance during a volatile hearing dominated by fierce debates over inflation and executive conflicts of interest.
Treasury Secretary Defends Federal Reserve Probe and Touts New Child Savings Program
Washington D.C., Thursday, 29 January 2026.
Treasury Secretary Scott Bessent revealed 600,000 families applied for the new $1,000 investment accounts in just one week, while simultaneously defending the Justice Department’s unprecedented investigation into Federal Reserve Chair Jerome Powell.
States Move to Eliminate Homeowner Property Taxes Amid Warnings of Revenue Crisis
Austin, Thursday, 29 January 2026.
Legislators in Georgia, Florida, and Texas are advancing plans to abolish homeowner property taxes to combat soaring valuations, risking billions in lost revenue and threatening essential local services.