News

US Treasury secretary: no risk of China weaponizing Treasuries despite bond market volatility
U.S. Treasury Secretary Scott Bessent in an interview with Yahoo Finance on Tuesday dismissed concerns over China weaponizing ...
US removes Orban aide Rogan from sanctions list, Treasury Dept website shows
The U.S. Treasury Department has removed sanctions imposed on Hungarian Prime Minister Viktor Orban's aide Antal Rogan, ...
Judge relaxes ban on DOGE access to sensitive US Treasury information
A New York judge has relaxed a ban she’d put on Elon Musk’s Department of Government Efficiency preventing it from accessing ...
US budget deficit grows to $1.3 trillion, the second highest six-month level on record
The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year. The Treasury Department ...
Trump Labor Department secures eye-popping sum to return to taxpayers amid DOGE push
U.S. Department of Labor Secretary Lori Chavez-DeRemer announced that her department will return over $1 billion in unused ...
Trump Administration Memo Proposes Cutting State Department Funding by Nearly Half
The draft plan is part of a process involving the agency and the White House. It would eliminate almost all funding for ...
The Treasury Department says IRS Direct File is a failed program. Its creators are worried DOGE is going to kill it.
IRS Direct File is the nation's first free tax filing system. A Treasury Department official told BI it was a failed program ...
Dollar’s Link to US Treasury Yields Weakens as Confidence Cracks
The traditional relationship between the dollar and Treasury yields is the weakest in three years as investors rethink the safety of US assets in times of stress.
Treasury Department hits Iran with new sanctions targeting its nuclear program ahead of Oman talks
The U.S Treasury Department has issued new sanctions targeting Iran’s nuclear program, just days before senior officials are ...
Ex-Treasury secretary: US being treated as ‘problematic emerging market’
Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” ...
Judge softens ban on DOGE access to Treasury Department data
A New York federal judge has partially walked back a ruling blocking President Trump’s Department of Government Efficiency ...
IRS and DHS reach historic deal to aid in pursuit of illegal immigrants subject to deportation
The Department of Homeland Security and Internal Revenue Service will collaborate to target criminal illegal immigrants ...