Alan Rappeport
@arappeport
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Economic Policy reporter at The New York Times. Formerly @FT; @MarjorieDeane alum @TheEconomist @LSEECHist. [email protected]. 🔁/❤️ ≠ endorsement
Washington DC
Joined April 2008
.@SecScottBessent: I gave money to something called Ready for Hillary because I wanted to sit in the room & hear what they had to say. I walked out of that meeting & said, "They're gonna lose." Best research money I ever spent. New exclusive interview with @alexmarlow & @carney
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Trump Will Visit China in April for Meeting With Xi Jinping
nytimes.com
In an unusual move, Xi Jinping, the leader of China, called President Trump. The two spoke about trade, Taiwan and Ukraine, according to separate official statements.
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How ‘Everybody Loves Raymond’ Brought My Mother and Me Closer, by @SopanDeb
https://t.co/FxEdzzN7w4 via @NYTimes
nytimes.com
The show wasn’t an obvious draw for a Bengali immigrant and her teenage son. But the characters’ needs were things we needed, too.
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WELKER: Which parts of the economy do you believe have dipped into recession? BESSENT: Clearly housing has been struggling. Interest rate sensitive sectors have been in a recession WELKER: Is the entire country at risk of recession? BESSENT: No. I am very confident about 2026.
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The coming years will split companies into two groups: those that become AI-native and those left catching up. The innovators who harness AI now will define the winners of tomorrow. Follow me for strategic insights on leading through the AI revolution.
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This jobs report complicates things for the Fed. If you're an official who didn't want to cut in December, you can point to stronger than expected monthly payrolls growth. But if you're an official who wants to cut, the slight tick-up in the unemployment rate helps that case
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"I can't live without this stuff anymore!" Get Yours 👇 Tap the video button or check comments
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Baier: Would a $2,000 dividend check be inflationary? Bessent: Maybe we can persuade Americans to save that.
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The U.S. #trade deal with #China isn't finalized yet, but America has to trust that Chinese leaders will keep their word, Treasury Secretary Scott Bessent said Sunday. https://t.co/2FrKi8qEHK
axios.com
It was only a month ago that Bessent said China couldn't be trusted.
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Trump says that he liked Bessent for Fed chair but that he prefers being Treasury secretary. He also says that he has interviewed candidates for the job. Bessent says that Trump will be sitting down with candidates in the "near future."
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NEW: Top supervisors at the Fed's 12 reserve banks and senior staff in Washington received a memo on Oct 29 with directives fundamentally changing how the central bank oversees banks It is part of a sweeping overhaul led by Bowman 🎁🔗 https://t.co/hi1RpG9OyE
@nytimes 1/
nytimes.com
The regulator is cutting staff and easing oversight in ways that critics say might make supervisors less equipped to spot a crisis in advance, risking deeper damage to the economy.
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Pricey burgers? White House blames Biden & migrants: “Because of the mass immigration, a disease that we’d been rid of in North America made its way up from South America, as these migrants brought some of their cattle with them” says @SecScottBessent
https://t.co/wLDLYydg1x
nytimes.com
Treasury Secretary Scott Bessent said migrants were bringing sick cows across the border, snarling beef supply chains.
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NEW: Adriana Kugler, who abruptly stepped down from her role as a Fed governor, repeatedly violated the central bank’s trading rules. New disclosures show trades in individual stocks, like Apple, Southwest Airlines and Cava, many of which took place during the blackout period
nytimes.com
Adriana D. Kugler, who stepped down as a governor in August, reported trades in stocks, including Apple and Southwest Airlines, in 2024.
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New: Trump turns to affordability message amid economic frustration. White House officials have struggled to explain how they can claim that tariffs are not imposing additional costs on consumers but that removing or lowering them will lower costs. https://t.co/HULnhF3Ruj
nytimes.com
The Trump administration is facing backlash from American consumers as higher costs from tariffs blunt wage gains.
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Q: To what extent did it come up to further sanctions [on Russia]? Rubio: There's not a lot left to sanction. We've already hit their major oil companies. Shadow Fleet came up because Europeans can do more there, as many of these operations happen closer to them. 2Х
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Trump on Position on H-1B visas in March 2016: "I will end forever the use of the H-1B as a cheap labor program, and institute an absolute requirement to hire American workers first for every visa and immigration program. No exceptions." https://t.co/dyghW6XL8f
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The Penny Dies at 232 https://t.co/S1XsiiieUW via @NYTimes
nytimes.com
A long decline into irrelevance ended on Wednesday in Philadelphia.
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Brian Kilmeade: President Trump and Laura Ingraham clashed on H-1B visas… Where do you stand Mr. Secretary? Secretary of Treasury Scott Bessent: “So I think the president's vision here is to bring in overseas workers where these jobs went, who have the skills, 3, 5, 7 years to
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NEW from @aduehren: The I.R.S. tried to stop this tax dodge. Scott Bessent used it anyway. Like many on Wall Street, Treasury Secretary (and now IRS commissioner) Scott Bessent used a limited partnership to avoid Medicare taxes. https://t.co/j0JCvx6Vi8
nytimes.com
Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.
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🚨 Thrilled to announce this year's lineup for @DealBook Summit on Dec 3. More to newsmakers to come... Scott Bessent, U.S. Treasury secretary David Ellison, Paramount Skydance Alex Karp, Palantir Erika Kirk, Turning Point USA Gavin Newsom, governor of California MrBeast aka
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Keep your bathroom floor clean, dry and safe with the number 1 bathmat of 2025! ✨ - Absorbs and dries water 3x faster - Stays clean, fresh and odorless - Ultra-soft and compact - Non-slip and stays perfectly in place Get yours today!!!
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