The Latest Breaking News from the Treasury Department

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.

We Got This Covered · Mar 9

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.

International Business Times · Mar 3

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.

Radio France Internationale · Mar 3

Trump’s buried secrets are out, and now the Treasury has blacklisted a billion-dollar consulting firm after one employee went rogue

It was inevitable.

We Got This Covered · Jan 27

Ending tax refunds by check will speed payments, but risks sidelining people who don’t have bank accounts

More than 6 million Americans receive paper tax refund checks annually. Often, those refunds go to purchase groceries or pay the bills. But this year, those taxpayers may be surprised to learn that the paper check they’re waiting for no longer exists.

The Conversation · Jan 26

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit."

Fortune · Jan 16

Why the DOJ Has Stopped Describing Maduro as the Head of a Literal Drug Cartel

That embarrassing mistake highlights the slipperiness of Trump's attempts to justify legally dubious policies by invoking the specter of "foreign terrorist organizations."

Reason · Jan 7

Trump Admin Investigating Money Lending Companies Across Southern Border Over Cartel Ties

The U.S. Treasury Department is investigating dozens of money lending companies across the southern border over potential cartel ties, according to a new report.

Latin Times · Dec 22, 2025

US removes Brazilian Supreme Court justice and his wife from sanctions list

The U.S. has removed Brazilian Supreme Court Justice Alexandre de Moraes from its sanctions list

The Independent UK · Dec 12, 2025

Treasury rachets up investigations targeting Minnesota's Somali community for fraud

The Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community

The Independent UK · Dec 12, 2025