The Latest Breaking News from the Treasury Department

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.

The U.S. House of Representatives has passed a bill that would empower the Treasury Department to eliminate the tax-exempt status of any nonprofit it deems to be supporting terrorism. The Stop Terror-Financing and Tax Penalties on American Hostages Act was approved in a 219-184 vote, with all but one Republican…

Administrative power over financial matters is a dangerous weapon for bypassing due process.

According to a report by the Treasury Department on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday.

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.

Majed al-Zeer says the US claim that he is a Hamas representative in Europe is an attempt to discourage his activism.

Lawmakers hoping to stanch the flow of U.S. money into China’s tech sectors are appending the measure to a must-pass defense policy bill.

US Treasury sanctions individuals linked to Iranian election interference activities in efforts to protect US electoral integrity.

The Treasury Department also imposed sanctions on one of the men and a virtual currency exchange operating in Russia