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The Latest Breaking News from the US Treasury

Alarming IRS Forecast Reveals A $500B Collapse In Revenue, Threatening US Financial Stability

Lower IRS collections this tax season due to workforce downsizing and dynamic taxpayer behaviour could increase the risks of the US Treasury being unable to repay bills on time and in full by June unless Congress hikes the debt ceiling.

International Business Times

Alarming IRS Forecast Reveals a $500B Collapse in Revenue, Threatening US Financial Stability

International Business Times UK

Chinese Hackers Indicted In US For Treasury Breach, Other Attacks

Twelve Chinese nationals, including two public security ministry officers, have been indicted for a series of hacking attacks, including a 2024 breach of the US Treasury, the Justice Department said Wednesday.

International Business Times

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Elon Musk wants the U.S. Treasury to be on a blockchain. That's a terrible idea—take it from a big proponent of the technology

Even if security issues are ironed out—a big if—no one blockchain today could handle the sheer volume of Treasury payments.

Fortune

End of the penny?

The biggest impact would be felt by cash-paying consumers, but experts say it won’t be too dramatic

Salon

Trump has made the penny his currency target - but it’s the nickel he should worry about

Ending the penny could drive up nickel demand, which could in turn cost the Treasury even more to produce

The Independent UK

Who is Rev. Steve Caudle: Tennessee Pastor Sparks Outrage After Calling for Violence Against Elon Musk

Rev. Steve Caudle's comments during a Sunday service have drawn widespread backlash from his congregation and the public.

International Business Times UK

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Trump abolishes the ‘wasteful’ penny in mid-Super Bowl social media rant

‘Let's rip the waste out of our great nation's budget, even if it's a penny at a time’, Trump said on Truth Social Sunday

The Independent UK

US Treasury Says Musk Team Has 'Read-only' Access To Payments Data

The US Treasury said Tuesday that Elon Musk's government reform team can read data from its highly sensitive payment system but not alter it, after Democratic lawmakers raised the alarm over the move and called for an investigation.

International Business Times

Mark Cuban Mulls Launching His Own Meme Coin Like $Trump But Focusing On National Debt

Mark Cuban is considering the launch of a meme coin like Donald Trump's but would send the proceeds from token sales to the US Treasury to reduce the national debt.

International Business Times UK

Chinese cybersecurity firm sanctioned by US Treasury over alleged links to Salt Typhoon hackers

US sanctions hackers who compromised 9 major networks in the largest telecoms hack in US history.

TechRadar

More alleged Chinese intrusions into the US Treasury revealed

Committee on Foreign Investment in the US targeted as part of the recent incursions.

TechRadar

US pauses select restrictions on Syria, offering hope on Western sanctions

Washington opens the way for some transactions in a move seen as an ‘important step’ towards easing sanctions.

Al Jazeera

China Denounces US Sanctions On Cybersecurity Company

China criticizes U.S. sanctions on Integrity Technology Group for alleged cyber attacks, amidst reports of cyber attacks from various foreign sources and a...

Top News

Israeli Airstrikes Target Hezbollah's Financial Institution In Lebanon

Israeli airstrikes target Hezbollah-linked financial institution al-Qard al-Hasan in Lebanon, disrupting its operations and support networks.

The Independent UK

What is the Hezbollah-linked financial institution Israel is targeting in Lebanon?

The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund the militant group’s military wing

International Business Times

Hezbollah-linked Financial Firm An Economic Lifeline For Lebanese

Al-Qard al-Hassan, bombed by Israel over it's Hezbollah links, is a lifeline for mainly Muslim Shiite communities battling a years-long financial crisis that has locked Lebanese out of their bank deposits.

TechRadar

US Treasury claims to have won back billions of dollars lost to fraud using AI

New AI technology is being used by the US Treasury to catch fraudsters

International Business Times

The Hezbollah Commanders Killed In Israeli Strikes

Israel has killed Hezbollah's leader Hassan Nasrallah and several of its top commanders in a series of targeted air strikes on the Iran-backed movement's stronghold in Beirut.

International Business Times

Ibrahim Aqil, The Hezbollah Elite Unit Commander Wanted By The US

Ibrahim Aqil, who Israel said it killed in an air strike on Beirut's southern suburbs Friday, headed Hezbollah's elite Radwan unit and had been on a US sanctions list for nearly a decade.

Fortune

Politicians have gone silent over the finance industry’s favorite tax loophole. Has private equity won the carried interest debate for good?

PE firms get taxed at lower rate than many U.S. workers

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