President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.

© Haiyun Jiang for The New York Times

Senior Treasury officials are holding a final round of talks with a new round of economic volatility on the horizon.

Some of Scott Bessent’s economic views are outside the mainstream. But at least he’s qualified.

Some of Scott Bessent’s economic views are outside the mainstream. But at least he’s qualified.

The president-elect cares about financial markets, our columnist says. That gives investors a restraint on his decisions, even if it’s a tenuous one.