CONGRESS.NET

Zames, a former JPMorgan Chase (JPM) executive, is joining the Social Security Administration in an unpaid advisory role starting this week. He will work alongside Frank Bisignano, the current Social Security commissioner and former JPMorgan colleague, to help modernize the agency’s outdated systems. Zames is set to begin at Social Security Administration headquarters in Baltimore,…

Treasury Secretary Scott Bessent made a surprising move this week to intervene directly in Treasury markets, aiming to lower the cost of government debt. Experts say the intervention represents a significant shift toward a newly activist posture from the Treasury Department under Bessent’s leadership. The maneuver has drawn sharp scrutiny from financial analysts who view…

Grandparents across the United States are increasingly using estate planning tools to encourage financial responsibility among younger generations before they receive inherited wealth. A rising trend among older Americans involves tying inheritance distributions to the completion of financial education courses or demonstrated money management skills. Estate planning attorneys report more clients asking how to legally…

Tesla (TSLA) shares climbed sharply this week as the company’s autonomous vehicle ambitions moved closer to commercial reality with a major deployment milestone. TSLA jumped roughly 4% in a single session, marking the stock’s best performance in over a month and putting shares on track for a third consecutive weekly gain. The gains come as…

Treasury Secretary Scott Bessent’s move to expand government debt buybacks, intended to stabilize markets, is instead triggering fresh concerns about inflation among investors. Over the past several days, investors have begun pricing in higher inflation expectations, a reaction that suggests the Treasury Department’s intervention may carry unintended consequences. The so-called breakeven rate, a market-based measure…