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The Latest Breaking News from the Treasury Department

Is It Still Worth It to Gift Savings Bonds?

Kiplinger editor explores if it's still a good idea to get savings bonds as gifts for children, looking at their returns and usability.

Kiplinger

The Trump Administration Climate Plan: Red States Get Hydrogen, Blue States Don’t

In Pennsylvania, a hydrogen hub in upheaval as natural gas producer pauses involvement while four others bail on the project.

Capital & Main

The IRS interim commissioner was just ousted after Scott Bessent reportedly fussed to Trump that Elon Musk installed the leader behind his back

Gary Shapley was named the new agency leader on Tuesday.

Fortune

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US imposes sanctions on a Chinese refinery accused of buying Iranian oil

The Treasury Department has imposed sanctions on a Chinese oil refinery that's accused of purchasing more than $1 billion worth of Iranian oil

The Independent UK

IRS Head Resigns Following Controversial ICE Data-Sharing Agreement

IRS Acting Commissioner Melanie Krause resigns following controversy over a deal allowing ICE access to taxpayer data for deportation efforts.

International Business Times

IRS chief resigns after Trump administration strikes deal to share undocumented taxpayer data

‘Backroom deal’ could hand taxpayer data to ICE agents as part of Trump’s deportation blitz

The Independent UK

Telling us to "save more" isn't working

Without a drastic reimagining of our systems, we face a poverty crisis

Salon

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Crypto Power Play: Trump’s Executive Order and the Future of Digital Assets

On March 6, 2025, U.S. President Donald Trump issued an executive order to establish a Strategic Bitcoin Reserve alongside a stockpile of other cryptocurrencies—including Ethereum, XRP, Solana, and Cardano—both managed by the Treasury Department. This move represents a significant shift in the United States' approach to digital currencies, as the…

inkl

The IRS could collect $500 billion less in tax revenue, report says, and the US may run out of cash in a few months without a debt-ceiling hike

An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, according to The Washington Post.

Fortune

Judge blocks DOGE from accessing sensitive information at US agencies

A federal judge has temporarily blocked Elon Musk’s Department of Government Efficiency from accessing people’s private data at the Education Department, the Treasury Department and the Office of Personnel Management

The Independent UK

A 25-year old DOGE staffer violated Treasury policies by emailing unencrypted personal data

The 25-year-old DOGE staffer was also "mistakenly" given read-and-write access to Treasury systems during his time at the department.

Fortune

Democrat Urges Treasury To Block Trump's Bitcoin Reserve, Blasts 'Get Rich Quick Scheme'

A top Democrat has urged the Treasury Department to not push through with President Donald Trump's plans to establish a strategic Bitcoin reserve, saying it's just a new "scheme" for the president and his associates to benefit from.

International Business Times

Federal Judge Extends Ban On Elon Musk's DOGE Access

Judge extends ban on Elon Musk's DOGE team accessing Treasury data due to cybersecurity concerns. Ruling emphasizes critical need for safeguarding data.

Top News

Federal Judges Issue Split Rulings On DOGE Access To Treasury Data

Federal judges in Virginia and New York issue split rulings on DOGE's access to Treasury data, with restrictions remaining in place.

Top News

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Top News

Federal Judge Extends Block On DOGE Access To Treasury Data

Federal judge extends block on DOGE representatives' access to Treasury data pending compliance with training and vetting requirements.

The Independent UK

Treasury watchdog begins audit of Musk DOGE team's access to federal government's payment system

The Treasury Department’s Office of Inspector General says it's launching an audit of the security controls for the federal government’s payment system

Fortune

A 25-year-old DOGE staffer was mistakenly given edit access to the Treasury Department’s payment system

A 25-year-old DOGE staffer, who resigned after being linked to racist social media posts, was briefly given edit access to the Treasury Department’s payment system.

Top News

Lawmakers Support Trump's Decision To Eliminate Penny

Bipartisan support for President Trump's decision to eliminate the penny due to cost inefficiency in production.

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The Independent UK

DOGE staffer accused of racist posts was ‘mistakenly’ given power to alter federal payments system

Marko Elez resigned from DOGE after unearthing of racist social media posts

The Independent UK

DOGE's access to Treasury data risks US financial standing and raises security worries, experts warn

The Department of Government Efficiency’s embed into the federal government has raised a host of concerns, transforming a debate over how to cut government waste into a confrontation over privacy rights and the nation’s financial standing in the world

The Independent UK

Labor unions sue to block DOGE access to sensitive information at US agencies

A coalition of labor unions filed a lawsuit Monday asking a federal court to stop Elon Musk’s team from accessing private data at the Education Department, the Treasury Department and the Office of Personnel Management

The Independent UK

Experts warn of potential system ‘breakdown’ as Musk and Vance question judges’ authority

‘Judges aren't allowed to control the executive's legitimate power,’ JD Vance says

Evening Standard

Britain won't scrap 1p and 2p coins, says No10 after Donald Trump bans minting of one cent coins

The US president said he had told the Treasury Department to stop producing new pennies

Roll Call

Trump administration pans judge's order limiting Treasury system access - Roll Call

The Trump administration urged a federal judge to roll back an order that restricted access to a critical Treasury Department payment system.

Top News

Subcontractor Terminated Over Treasury Department Threat Assessment Warning

Booz Allen Hamilton terminates subcontractor over Treasury Department threat assessment draft report.

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