SCOOP: The Trump administration is considering an executive order that would list some nonprofit organizations as having terrorist ties, a move that would immediately suspend their tax-exempt status and cripple their operations. Officials are reviewing an arcane law that would allow President Trump to use an untested part of the tax code and write an executive order declaring groups linked to terrorism. Those groups would then automatically lose their coveted tax-exempt status. Story w/ @RichardRubinDC

NEW: Treasury Secretary Scott Bessent recently said in an interview that he believes in the idea of "fired if fired upon" in how to respond to people. Inside Treasury, his management of the agency has featured him, at times, ripping into agency staff and battling with officials leading to multiple departures. Some of his defenders, including former Trump White House chief strategist Steve Bannon, admit Bessent has a temper, is intense, passionate and demanding but that's all by design to keep Treasury staff in check with the president's agenda. "He brings a Wall Street mentality to Washington," another said. Our deep dive on what's been happening in an agency that's seen high turnover with alumni of Bessent's hedge fund coming in to help him. Exclusive w/ @jdawsey1, @PhilipWegmann and @GZuckerman