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The Latest Breaking News from the Treasury Department

‘First for a sitting U.S. president’: Donald Trump couldn’t build a wall or end wars, but now he’s breaking a 165-year old tradition

His critics are gonna have a field day with this!

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Russia Maintains Ambiguity About Alleged Oil Shipments To Cuba, Which Would Need To Evade U.S. Blockade

Russia is maintaining ambiguity about whether it is sending fuel to Cuba, a move that would mean evading an ongoing U.S. blockade.

Latin Times

Student loans are headed to the Treasury Department. Here's what to know if you have student debt

The Treasury Department will take over the management of student loans whose borrowers are in default, according to a new agreement announced Thursday

The Independent UK

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More than 9M student loan borrowers are in default as record numbers fall behind on payments

The Education Department’s total student loan portfolio stands at nearly $1.7 trillion

The Independent UK

Treasury Department taking over some student loans as the Education Department gets dismantled

The U.S. Education Department is handing off a portion of its student loan portfolio to the Treasury Department

The Independent UK

Dow Slides 768 Points on Inflation Fears: Stock Market Today

Nobody knows what's going to happen in the Middle East, including the White House and the Federal Reserve.

Kiplinger

U.S. Eases Sanctions and Lets Companies Do Business With Venezuelan State-Owned Oil Company As Global Prices Surge Due To Iran War

It allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under U.S. sanctions, allowing Venezuela to reenter global markets.

Latin Times

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New questions arise over TikTok sale

The $10 billion "fee" is unprecedented. And officially undisclosed.

Axios

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

The Treasury Department is easing sanctions on Venezuela’s state oil company, with some limits

The Independent UK

Newsom trolls Trump as Putin’s pup after US lifts sanctions on Russian oil during Iran war

As oil prices hit $100 a barrel again Thursday, the Treasury Department said it would allow countries to purchase Russian oil ‘currently stranded at sea’

The Independent UK

Trump proves once again that he is only looking out for his friends by moving to dismantle law that prevents tax evasion

One more thing to help corporations.

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Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Republican Sens. Ted Cruz and Tim Scott formally urged Treasury Secretary Scott Bessent to enact roughly $200 billion in tax cuts without the approval of Congress.

International Business Times

US imposes sanctions on Rwanda military over DR Congo fighting

The US on Monday imposed sanctions on the Rwanda Defence Force and top military officials over their role in ongoing fighting in eastern Democratic Republic of Congo and called for their immediate withdrawal from the mineral-rich region.

Radio France Internationale

Treasury Department terminates union contracts for IRS and Bureau of the Fiscal Service workers

The Treasury Department says it has ended its collective bargaining agreement with unionized workers employed at the Internal Revenue Service

The Independent UK

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The Guardian - UK

Cuba says it killed heavily armed exiles who attacked from US-registered speedboat

Rare clash off island’s coast took place amid US oil embargo and heightened tensions between two countries

Saving Advice

Missing Your $637 Stay NJ Benefit? The Processing Glitch Delaying Payments for Many Seniors

Many New Jersey seniors are eagerly watching for their first Stay NJ benefit, a new property tax relief payment designed to cut bills for older...

Fortune

A U.S. 'debt spiral' could start soon as the interest rate on government borrowing is poised to exceed economic growth, budget watchdog says

CRFB warned the actual fiscal outlook could be far worse than even the latest sobering projections.

We Got This Covered

Trump’s buried secrets are out, and now the Treasury has blacklisted a billion-dollar consulting firm after one employee went rogue

It was inevitable.

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The Conversation

Ending tax refunds by check will speed payments, but risks sidelining people who don’t have bank accounts

More than 6 million Americans receive paper tax refund checks annually. Often, those refunds go to purchase groceries or pay the bills. But this year, those taxpayers may be surprised to learn that the paper check they’re waiting for no longer exists.

Fortune

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit."

Reason

Why the DOJ Has Stopped Describing Maduro as the Head of a Literal Drug Cartel

That embarrassing mistake highlights the slipperiness of Trump's attempts to justify legally dubious policies by invoking the specter of "foreign terrorist organizations."

Latin Times

Trump Admin Investigating Money Lending Companies Across Southern Border Over Cartel Ties

The U.S. Treasury Department is investigating dozens of money lending companies across the southern border over potential cartel ties, according to a new report.

The Independent UK

US removes Brazilian Supreme Court justice and his wife from sanctions list

The U.S. has removed Brazilian Supreme Court Justice Alexandre de Moraes from its sanctions list

The Independent UK

Treasury rachets up investigations targeting Minnesota's Somali community for fraud

The Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community

Latin Times

Who Is DJ Rosita? United States Formally Ties Venezuelan Influencer and Actress to Tren de Aragua Gang

The U.S. government has formally linked Venezuelan DJ and actress Jimena Romina Araya Navarro, known as Rosita, to activities supporting the Tren de Aragua criminal organization. The accusation appears in an official action by the Treasury Department published on December 3, 2025, which includes Rosita on a list of individuals…

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