@arappeport

Economic Policy reporter at The New York Times. Formerly @FT; @MarjorieDeane alum @TheEconomist @LSEECHist. [email protected]. 🔁/❤️ ≠ endorsement

 Washington DC
nytimes.com/by/alan-rappeport
Joined April 2008
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1.4KMedia
Bessent dismisses speculation about his own political aspirations, saying that if he were to seek national office he would have gone for the open South Carolina senate seat. "I am here for the duration, and then like Thomas Jefferson, I'm going home," he told @MarkHalperin
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After Trump on Saturday said waiving Russia sanctions was a “very good decision” for the US and the world, Bessent cleaned up his messaging on Meet the Press: “There is a 60-day period so we can examine what's going on. The only thing that has been lifted is the diesel embargo.”
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Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor nytimes.com/2026/10/17/busin… via @NYTimes

Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor

The Trump administration is ignoring the will of Congress and waiving new Russia sanctions amid fears that high energy prices will cost Republicans in next month’s elections.

nytimes.com
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At his confirmation hearing, @SecScottBessent said Biden's Russia sanctions weren't "fulsome" enough and that he supported tougher sanctions to pressure Moscow: "I believe that the previous administration was worried about raising U.S. energy prices during an election season.”
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Trump Signs Order Exempting Russia From Sanctions Law nytimes.com/2026/10/16/us/po…

Trump Signs Order Waiving New Russia Sanctions

The sanctions were part of a measure that was named after Senator Lindsey Graham, the South Carolina Republican who died in July.

nytimes.com
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U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting nytimes.com/2026/10/16/busin…

U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.

nytimes.com
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Alan Rappeport retweeted
Daniel Fried
@AmbDanFriedOct 9
“At President Trump’s direction…” suggests reservations. Not a usual Treasury opening to such a statement.
Treasury Department
@USTreasuryOct 9
Today, at President Trump’s direction, the Office of Foreign Assets Control (OFAC) is immediately issuing a temporary general license to allow the supply of Russian diesel to the global market.
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Treasury lifts sanctions banning Russian diesel fuel until next April. ofac.treasury.gov/media/9372…
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Trump Sends Obamacare ‘Refund’ Checks Ahead of Midterm Elections nytimes.com/2026/10/09/busin… via @NYTimes

Trump Sends Obamacare ‘Refund’ Checks Ahead of Midterm Elections

The $500 checks are accompanied by a letter signed by the president that criticizes the Biden administration for overcharging Americans for health insurance.

nytimes.com
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Alan Rappeport retweeted
Marianne LeVine@marianne_levineOct 7
"Last year, Bessent got so angry about the way his daily briefing book was organized that he picked up the binder full of papers and threw it at a wall, people familiar with the matter said." Read @schwartzbWSJ @jdawsey1 @PhilipWegmann @GZuckerman wsj.com/politics/policy/bess…

Inside Bessent’s Treasury: Tension, Turnover and Unmet Economic Goals

Ahead of midterms that could turn on high prices and borrowing costs, the secretary dresses down officials.

wsj.com
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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win nytimes.com/2026/10/04/busin… via @NYTimes

Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win

The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.

nytimes.com
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Alan Rappeport retweeted
Nick Timiraos
@NickTimiraosOct 3
Axios' @mikeallen asks Treasury Secretary Scott Bessent if he regrets saying "I am the house now." Bessent: "No, because look, the house doesn't win every hand. The house plays percentages."
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Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S. nytimes.com/2026/09/30/busin… via @NYTimes

Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S.

The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees.

nytimes.com
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Zervos 9/18 note: “We are living in a world where the short-term driver of long-term yields has absolutely nothing to with the Fed, the buyback programs, the AI borrowing, or some Alan Rappeport style gobbledygook about foreigners becoming wary of investing in the US.” 9/28:
CNBC
@CNBCSep 28
Treasury Secretary Scott Bessent has hired veteran Wall Street economist David Zervos, the longtime chief market strategist at Jefferies, as a counselor in the Treasury Department. Zervos was a CNBC contributor. Bessent announced the hire Monday in a statement obtained first by CNBC. Zervos will serve in a broad advisory capacity and is expected to begin immediately. Read the full story: cnb.cx/47lMkr9
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Alan Rappeport retweeted
Lulu NYT
@LuluGNavarroSep 28
In case you missed it… my viral interview with Sylvester Stallone.
Lulu NYT
@LuluGNavarroSep 26
For the first time, Sylvester Stallone admits to the cost of his fame: his abuse of steroids, his bulimia and an anxiety that would cause him to collapse on the floor. At its root, a painful and abusive childhood. It’s probably the best interview I’ve done. Sylvester Stallone Hid His Struggles for Decades. Now He’s Coming Clean. nytimes.com/2026/09/26/magaz… via @NYTimes

Sylvester Stallone Hid His Struggles for Decades. Now He’s Coming Clean. (Gift Article)

The legendary actor on his disturbing childhood, his Hollywood missteps and the pain he caused to his loved ones, his body and himself.

nytimes.com
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President Trump says Treasury Secretary Scott Bessent will not be AI czar. “Number One, he doesn’t want to.”
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Trump Struggles to Find Leverage With Xi Over Chinese Exports w/ @AnaSwanson nytimes.com/2026/09/24/busin… via @NYTimes

Trump Struggles to Find Leverage With Xi Over Chinese Exports (Gift Article)

The Trump administration, like its predecessors, has struggled to deal with China’s excess industrial capacity.

nytimes.com
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NEC director Kevin Hassett said that energy and food prices are weighing on households. “Beef prices, in particular, are very high,” Hassett says.
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Bessent Failed to Report Holdings of JP Morgan Stock nytimes.com/2026/09/23/busin…

Bessent ‘Inadvertently’ Failed to Report Holdings of JPMorgan Stock

Treasury Secretary Scott Bessent’s finances were reviewed by the inspector general after Mr. Bessent incorrectly listed at least $100,000 of the stock, which was owned by his husband, as cash.

nytimes.com
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Alan Rappeport retweeted
Steven Mnuchin
@stevenmnuchin1Sep 22
Former Treasury Sec. Mnuchin on the Iran war, Trump's tariff policies and fixing Social Security cnb.cx/47byt6J

Former Treasury Sec. Mnuchin on the Iran war, Trump's tariff policies and fixing Social Security

Steven Mnuchin, Liberty Strategic Capital founder and managing partner and former Treasury Secretary, joins 'Squawk Box' to discuss his thoughts on Treasury Secretary Scott Bessent, fixing Social...

cnbc.com
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