The Latest Breaking News from the Treasury Department

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Former GOP Rep. Billy Long has been removed as IRS commissioner by President Trump, a White House official said Friday.

The U.S. is granting a temporary reprieve to three Mexican financial firms recently sanctioned for their alleged role in helping launder cartel money after seeing progress by the Claudia Sheinbaum administration to address the matter

Estate planning has grown more complex. Now, federal agencies pay closer attention to wealth transfers. Certain clauses in a will or trust can raise red flags. This may prompt scrutiny from the IRS or the Treasury Department. The government aims to prevent tax evasion and other illegal transfers. Let’s look…

More fiscal sticker shock could send Treasury yields higher and add more pressure on the dollar, which is already down 10% this year, its worst first-half performance in more than 50 years.

Mexican President Claudia Sheinbaum rejected U.S. sanctions against three Mexican banks over money laundering accusations

The U.S. Treasury Department has sanctioned three Mexican financial institutions, alleging they were used by drug cartels to launder millions of dollars.

U.S. officials say a real estate firm, a spa, and a clothing rental service are among the front companies used by Los Chapitos to launder proceeds from their fentanyl trafficking operations

Iván Archivaldo Guzmán Salazar and his brother, Jesús Alfredo Guzmán Salazar, are believed to be the current leaders of the Los Chapitos faction within the Sinaloa Cartel. The Treasury Department increased the bounties for their capture and deepened the sanctions against them.