In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.

The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.

Treasury Secretary Scott Bessent gave Mr. Musk’s representatives at the so-called Department of Government Efficiency a powerful tool to monitor and potentially limit government spending.

Publicly released agreements show the vast wealth of President Trump’s cabinet picks and the uncharacteristically large list of potential conflicts of interest with which they enter office.

The president said the planned duties were a response to China’s failure to curb fentanyl exports.

Billionaires and multimillionaires are flocking to a city where power has been more important than money, but is now deeply intertwined with it.

The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

Selections for attorney general, secretary of homeland security, secretary of state and Treasury secretary are among those set to have hearings this week.

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.

President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.

President-elect Donald Trump’s chief advisers would include one person who calls global warming an “existential” threat and some who don’t accept it as a problem at all.

© Pool photo by Allison Robbert; Carlos Barria/Reuters; Patrick T. Fallon/Agence France-Presse — Getty Images; Dominic Gwinn/Middle East Images/AFP via Getty Images