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The Latest Breaking News from Treasury Department

Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers

The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them

The Independent UK

Did The Treasury Department Just Change Rules on Your IRA?

Retirement accounts like IRAs are designed to provide stability, but government rules around them change frequently. The Treasury Department’s latest adjustments in 2025 affect how...

Saving Advice

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high

The Independent UK

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Viral images of White House demolition spark edict to Treasury staffers next door after critics shred Trump ballroom work as ‘grotesque’

Treasury Department employees told in email that they could ‘potentially reveal sensitive items, including security features’ by snapping photos of the work, and sharing them online

The Independent UK

Treasury Department Surveillance at the Southern Border Faces Fourth Amendment Challenges

A new FinCEN rule forced small money services businesses to collect personal data on nearly every customer transaction. Lawsuits claim this violates the Fourth Amendment.

Reason

The Justice Department's Targeting of George Soros Is a Serious Scandal

Just as it was a scandal when the IRS under Obama allegedly targeted Tea Party groups.

Reason

Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' plan

The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers

The Independent UK

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IRS Broke Its Own Rules When It Terminated Contracts Of Over 7,000 Employees, Reveals Treasury Watchdog

The Internal Revenue Service violated its own policies when it fired thousands of probationary employees earlier this year at the direction of the Trump administration, the Treasury Department's inspector general said in a report released last week.

Benzinga

Small Business Owner Wonders If Tariffs Bring In Billions A Month Why Is Washington Still Asking for 'Gifts' Instead Of Paying Down The Debt?

President Donald Trump's tariffs poured billions into U.S. coffers in July, setting yet another monthly record for customs duty collections. Treasury Department data released Tuesday shows $27.7 billion in duties came in last month — up from $26.6 billion in June and $22.2 billion in May, and more than triple…

Benzinga

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

The Independent UK

Goodbye to the Penny! Treasury Department announces plan to phase out the coin

The U.S. mint made its final order of penny blanks, the Treasury Department said Thursday.

The Independent UK

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

A bigger hole: Trump has already spent $155bn more than Biden. Musk now claims DOGE only saved $150bn

The Trump administration has already spent $155 billion more than former President Joe Biden did over the same period of time after their inaugurations, according to Treasury Department data. And Elon Musk is now claiming that his Department of Government Efficiency has only managed to save $150 billion.

The Independent UK

Judge relaxes ban on DOGE access to sensitive US Treasury information

A New York judge has relaxed a ban she'd put on Elon Musk’s Department of Government Efficiency preventing it from accessing sensitive U.S. Treasury Department information

The Independent UK

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The Independent UK

US budget deficit grows to $1.3 trillion, the second highest six-month level on record

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year

The Independent UK

US sanctions Sinaloa Cartel associates for alleged money laundering

The U.S. Treasury Department has sanctioned six people and seven companies it said were involved in money laundering for factions of the Sinaloa Cartel

The Independent UK

IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts at agency

Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season

The Independent UK

Treasury ends enforcement of business ownership database meant to stop shell company formation

The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation

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Top News

Federal Judge Extends Order Blocking Elon Musk's Team Access

Federal judge extends order blocking Elon Musk's team from accessing critical Treasury payment system amid security concerns.

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.

International Business Times

Musk Aide Given Payment System Access By Mistake: US Official

The employee, Marko Elez -- who had no federal government status -- resigned Friday after being linked to a racist social media account, only for Musk to announce that he was being reinstated.

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