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The Latest Breaking News from the Treasury Department

Trump’s face to be included on US passports to mark America’s 250th anniversary, report says

President has already added his face to National Park passes and his name to the Kennedy Center

The Independent UK

US launches sweeping crackdown on Southeast Asia cyberscams and sanctions Cambodian senator

U.S. officials have announced a major crackdown on Southeast Asian cyberscam operations controlled by Chinese transnational organized crime

The Independent UK

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns

“In other words, Treasuries now offer a higher yield than the synthetic-dollar equivalents for hedged G10 sovereign bonds.”

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

TPUSA IRS Investigation Claims Debunked as Treasury Confirms No Probe — But $500,000 Trump Access Email Verified

The IRS is reportedly investigating Turning Point USA for alleged tax law violations, following claims of illegal coordination with Donald Trump and a $500,000 contribution requirement.

International Business Times UK

U.S. Treasury Sanctions Casinos, Human Rights Leader Over Alleged Cartel Ties

The U.S. Treasury Department announced sanctions against two casinos and three people due to alleged ties to Cartel del Noreste (CDN), a Mexican drug trafficking syndicate the Trump administration has designated as a terrorist organization.

International Business Times

Here's how U.S. residents feel about Trump's signature on American cash

The Treasury Department said the president's signature is being added to celebrate America's 250th anniversary.

Axios

‘It’s prohibited’: Trump will emboss his vanity in 24k gold unless one Oregonian stands in his way

Trump wants his face on everything.

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‘First for a sitting U.S. president’: Donald Trump is now breaking a 165-year-old tradition in a way only he could

President Donald Trump’s signature is set to appear on U.S. dollars, marking an unprecedented move as he becomes the first sitting president to have his name emblazoned on the nation’s currency. According to The NY Times, this significant change, announced by the Treasury Department, is coming later this year and…

The Mary Sue

‘First for a sitting U.S. president’: Donald Trump couldn’t build a wall or end wars, but now he’s breaking a 165-year old tradition

His critics are gonna have a field day with this!

We Got This Covered

Russia Maintains Ambiguity About Alleged Oil Shipments To Cuba, Which Would Need To Evade U.S. Blockade

Russia is maintaining ambiguity about whether it is sending fuel to Cuba, a move that would mean evading an ongoing U.S. blockade.

Latin Times

Student loans are headed to the Treasury Department. Here's what to know if you have student debt

The Treasury Department will take over the management of student loans whose borrowers are in default, according to a new agreement announced Thursday

The Independent UK

More than 9M student loan borrowers are in default as record numbers fall behind on payments

The Education Department’s total student loan portfolio stands at nearly $1.7 trillion

The Independent UK

Treasury Department taking over some student loans as the Education Department gets dismantled

The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department

The Independent UK

Dow Slides 768 Points on Inflation Fears: Stock Market Today

Nobody knows what's going to happen in the Middle East, including the White House and the Federal Reserve.

Kiplinger

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Latin Times

U.S. Eases Sanctions and Lets Companies Do Business With Venezuelan State-Owned Oil Company As Global Prices Surge Due To Iran War

It allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under U.S. sanctions, allowing Venezuela to reenter global markets.

Axios

New questions arise over TikTok sale

The $10 billion "fee" is unprecedented. And officially undisclosed.

The Independent UK

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

The Treasury Department is easing sanctions on Venezuela’s state oil company, with some limits

The Independent UK

Newsom trolls Trump as Putin’s pup after US lifts sanctions on Russian oil during Iran war

As oil prices hit $100 a barrel again Thursday, the Treasury Department said it would allow countries to purchase Russian oil ‘currently stranded at sea’

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We Got This Covered

Trump proves once again that he is only looking out for his friends by moving to dismantle law that prevents tax evasion

One more thing to help corporations.

International Business Times

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Republican Sens. Ted Cruz and Tim Scott formally urged Treasury Secretary Scott Bessent to enact roughly $200 billion in tax cuts without the approval of Congress.

Radio France Internationale

US imposes sanctions on Rwanda military over DR Congo fighting

The US on Monday imposed sanctions on the Rwanda Defence Force and top military officials over their role in ongoing fighting in eastern Democratic Republic of Congo and called for their immediate withdrawal from the mineral-rich region.

The Independent UK

Treasury Department terminates union contracts for IRS and Bureau of the Fiscal Service workers

The Treasury Department says it has ended its collective bargaining agreement with unionized workers employed at the Internal Revenue Service

The Guardian - UK

Cuba says it killed heavily armed exiles who attacked from US-registered speedboat

Rare clash off island’s coast took place amid US oil embargo and heightened tensions between two countries

Saving Advice

Missing Your $637 Stay NJ Benefit? The Processing Glitch Delaying Payments for Many Seniors

Many New Jersey seniors are eagerly watching for their first Stay NJ benefit, a new property tax relief payment designed to cut bills for older...

Fortune

A U.S. 'debt spiral' could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says

CRFB warned the actual fiscal outlook could be far worse than even the latest sobering projections.

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