Michael Stratford

Washington, D.C.

Economic Policy Reporter at POLITICO

Economic policy reporter @Politico. [email protected]. DM for Signal.

Articles

U.S. likely to hit debt limit X-date in August, Treasury says

5 days ago | politico.com | Michael Stratford |Jennifer Scholtes

The date could become the new, de facto deadline for congressional Republicans to pass their megabill. Treasury Secretary Scott Bessent testifies before the House Financial Services Committee on Capitol Hill, May 7, 2025.
U.S. likely to hit debt limit X-date in August, Treasury says

5 days ago | finance.yahoo.com | Michael Stratford |Jennifer Scholtes

The Treasury Department said Friday it would likely run out of cash to pay the nation’s bills by August, setting a new, firmer deadline for Congress to act to avoid a catastrophic default on the United States’ more-than $36 trillion debt.
Bessent: US debt limit is at ‘warning track’ with X-date forecast ‘forthcoming’

1 week ago | politico.com | Michael Stratford
Private student lenders poised for wins in GOP-controlled Washington

2 weeks ago | politico.com | Michael Stratford

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. Banks and other private lenders account for just a fraction of the nation’s $1.7 trillion student loan market, which is dominated by the federal government.
Live updates on Trump transition and Congress news

2 weeks ago | politico.com | Mia McCarthy |Hailey Fuchs |Jordain Carney |Nicholas Wu |Ben Leonard |Lisa Kashinsky | +2 more
'Big Six' budget negotiators set to meet Monday

2 weeks ago | politico.com | Meredith Lee Hill |Michael Stratford
UK seeking carve-outs on cars and pharma in US deal, Reeves confirms

2 weeks ago | politico.eu | Michael Stratford |Sophie Inge

Britain’s Chancellor Rachel Reeves said the U.K. is working “flat out” on a trade deal with the U.S. — and specifically seeking to lower tariffs on automotives and those looming over pharmaceuticals. “We want to see barriers to trade fall — and we recognize that both sides need to do that,” Reeves told POLITICO in an interview in Washington D.C. on Thursday.
Bessent says US will seek reforms of IMF, World Bank

3 weeks ago | politico.com | Michael Stratford

The Treasury secretary said the Trump administration would not seek to retreat from those institutions. Treasury Secretary Scott Bessent charted a series of reforms that the U.S. would seek to advance at the IMF and World Bank.
Trump’s tighter grip on agencies turns to financial regulators

3 weeks ago | politico.com | Michael Stratford

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. President Donald Trump is ratcheting up his bid to assert more control over the historically independent federal agencies that regulate financial institutions.
Wall Street executives warn of economic turbulence

1 month ago | politico.com | Michael Stratford |Victoria Guida

The chief executives of some of Wall Street’s top firms are warning about the precarious state of the U.S. economy as President Donald Trump’s trade war roils financial markets and sparks inflation fears among consumers. “Uncertainty and anxiety about the future of the markets and the economy are dominating each and every client conversation,” BlackRock CEO Larry Fink said Friday on an earnings call for his company, the world’s largest asset manager.