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The Latest Breaking News from the US Treasury

Yes, Tariffs Are Raising Prices

And if Trump moves ahead with his threatened August 1 tariff hikes, prices will climb even more.

Reason

Craig Shapiro Slams Jerome Powell's Legacy Of 'Quiet Surrender' To Wall Street And The US Treasury: 'No Longer Serves The Public'

Macro strategist Craig Shapiro delivered a scathing critique of Fed Chair Jerome Powell’s performance over the years, pushing back against the growing narrative that casts his tenure in a positive light.

Benzinga

The Ultimate Trump Bump: These Gov't Backed Stocks Are Exploding

Two stocks are taking the lion's share of gains in the "Trump Bump." Investors hope these financial crisis remnants can return to pre-2008 form.

MarketBeat

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Trump formally orders lifting of Syria sanctions

US Treasury says it removed 518 Syrian individuals and entities from its list of sanctions after president’s decree.

Al Jazeera

The epicenter of an explosion at an Iranian port is tied to a charity overseen by its supreme leader

The explosion that rocked an Iranian port had its epicenter at a facility ultimately owned by a charitable foundation overseen by Supreme Leader Ayatollah Ali Khamenei’s office

The Independent UK

Sinaloa Cartel Operatives Sanctioned In U.S. For Laundering Tens Of Millions From Fentanyl Trafficking

One of the individuals sanctioned laundered $50 million by using front companies and shell corporations to obscure the origins of the money it moved from the United States.

Latin Times

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

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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

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

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

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International Business Times

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 UK

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.

TechRadar

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.

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Al Jazeera

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.

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.

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