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The Latest Breaking News from the Treasury Department

Democrats tee off on possible Treasury corporate tax move - Roll Call

A group of Democrats is leading opposition to a potential regulatory carve-out from a new minimum tax on corporate profits.

Roll Call

Epstein survivors call on Congress to force Trump administration to hand over financial records

Bank records at the Treasury Department could expose the sex trafficker’s ‘cross-border criminal organization,’ victims say

The Independent UK

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit

Treasure Department’s tax collector said it was providing temporary ‘transition relief’ to workers in certain jobs that otherwise wouldn’t have been eligible for ‘no tax on tips’

The Independent UK

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Trump brushes off Mamdani’s ‘fascist’ comments and declares incoming NYC mayor ‘can do a very good job’: Live updates

‘You’re going to have, hopefully, a really great mayor,’ Trump said with a smile at his Friday press conference with Mamdani

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

Hackers, your game is over - US government announces ‘strike force’ to stamp out Southeast Asian cyber scams

US Strike Force disrupts Southeast Asian scam centers, seizing cryptocurrency and targeting DKBA and Chinese criminal networks.

TechRadar

No more pennies for your thoughts? US finally stops minting 1 cent coin

The US Mint in Philadelphia pressed its last penny on Wednesday, marking the latest step in the 1-cent coin's demise.

Euronews

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Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

The proposed regulations tack on to the tax relief laid out in the president’s ‘One Big Beautiful Bill’ Act

The Independent UK

OpenAI asks U.S. to expand CHIPS Act tax credit to cover AI infrastructure despite firm's denial wanting a government 'backstop' for its massive loans

OpenAI has asked the Trump administration to expand a major CHIPS Act tax credit to support the build-out of AI infrastructure, including servers, data centers, and power systems.

Tom’s Hardware

Treasury Sanctions Mexico-Based Human Smuggling Ring For Trafficking Migrants Into The U.S.

The Treasury Department has sanctioned members of a transcontinental smuggling ring on Thursday

Latin Times

Banks and retailers run short on pennies as the US Mint stops making them

The United States is experiencing a shortage of pennies after President Trump decided to stop their production earlier this year

The Independent UK

Honeywell Leads Dow Higher: Stock Market Today

Oil prices got a lift after the Treasury Department announced new sanctions on Russia's two largest oil companies.

Kiplinger

U.S. sanctions Russia's 2 biggest oil firms after Trump cancels Putin summit

This is the first time the U.S. has imposed sanctions against Russia over the war with Ukraine since Trump assumed office.

Axios

U.S.-Sanctioned Mexican Bank Begins Liquidation After Having License Revoked

On Oct. 10, Mexico's Bank Savings Protection Institute (IPAB) announced that CIBanco's license was revoked due to suspected money laundering linked to drug trafficking, as alleged by U.S. authorities in June.

Latin Times

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Axios

These are the agencies Trump is purging during the shutdown

Thousands are being let go from agencies overseeing health care, the environment and education.

Euronews

US throws Argentina €17bn lifeline as Milei-Trump ties deepen

Washington’s rare move to buy pesos and open a massive swap line steadied Argentina’s markets — but set off a political storm.

Reason

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.

Latin Times

U.S. Sanctions 12 Companies Linked to 'Los Chapitos' for Alleged Role In Fentanyl Trade

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced new sanctions targeting eight Mexican nationals and 12 Mexican companies allegedly linked to Los Chapitos, a faction of the Sinaloa Cartel battling for control of the drug trafficking organization in northern Mexico.

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The Independent UK

Trump administration imposes sanctions on some Iranian people and firms after UN decision

The U.S. imposes new sanctions on firms and individuals linked to Iran's missile and military aircraft production

The Independent UK

Trump’s ‘no tax on tips’ policy explained: What counts as a tip and who qualifies?

The Treasury Department is moving closer to implementing President Trump's "no tax on tips" promise

The Independent UK

Trump administration could be forced to hand over Epstein financial documents under top Democrat’s bill

Ron Wyden’s years-long investigation following the money in Epstein’s trafficking scheme takes aim at the Treasury Department

The Independent UK

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

Here are the jobs that won’t have to pay tax on tips – did yours make the list?

The temporary policy will allow certain tipped workers to claim deductions up to $25,000 per year on their taxes

International Business Times UK

No Tax on Tips! Full List of Jobs That Qualify Under Trump's 'Big Beautiful Bill' — Is Yours on It?

The Treasury Dept. is preparing a list of jobs that qualify for President Trump's 'no tax on tips' policy. The bill, passed earlier this year, applies to a limited number of professions and has a deductible of $25,000.

The Independent UK

The Treasury Department wants US banks to monitor for suspected Chinese money laundering networks

The Treasury Department wants U.S. financial institutions to monitor for suspected Chinese money laundering networks handling funds that are used to fuel the flood of fentanyl across American communities

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