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The Latest Breaking News from Treasury Department

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

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

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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

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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

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

The Independent UK

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

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The Independent UK

Judge upholds ban on DOGE accessing sensitive Treasury information, for now

A federal judge in Manhattan has extended a ban on Elon Musk’s Department of Government Efficiency accessing sensitive Treasury Department information, but rejected broader restrictions sought by 19 Democratic state attorneys general who sued over the issue

The Independent UK

Elon Musk not in charge of DOGE and has no decision-making authority, says White House

The White House clarifies that Elon Musk is not an employee of the US DOGE

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

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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.

The Independent UK

Judge set to rule on Justice Department's demands that Musk resume access to Treasury records

A federal judge is likely to quickly decide whether to let Elon Musk's Department of Government Efficiency resume accessing Treasury Department records containing sensitive personal data for millions of Americans after lawyers in the dispute could not resolve their differences

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

Top News

Trump Administration Fights Court Order Restricting Treasury Department Access

Legal dispute over Treasury payment system access raises security concerns and scrutiny on political appointees.

Top News

Trump Administration Challenges Judicial Oversight Amid Pushback

Trump administration faces legal challenges over executive power and government efficiency initiatives, sparking debate over separation of powers.

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