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The Latest Breaking News from Treasury Department

Treasury Department Has a Troubling Update for Every American Taxpayer

The Treasury Department has a problem that reaches far beyond Washington, D.C., and it does not arrive with a dramatic new tax form. The federal government now spends an enormous amount of money simply paying interest on money it already borrowed, and that bill keeps getting harder to ignore.

The Free Financial Advisor

Popular Capital Gains Tax ETF Strategy Catches Treasury's Attention

As Section 351 exchanges gain popularity, the Treasury Department is considering whether certain transactions could lead to abusive tax outcomes.

Kiplinger

Krabi island up for sale to raise state revenue

The Treasury Department plans to offer a private island in Krabi province for sale or lease to generate revenue.

Bangkok Post

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Trump DOJ Tax Lawsuit Settlement: IRS Barred From Auditing Trump's Crypto and Business Empire

Trump's IRS settlement raises concerns over audit restrictions, potentially shielding Trump-linked crypto and business ventures. Senate Democrats seek clarity on the deal's scope and implications.

International Business Times UK

Democrats demand watchdog investigation into push to get Trump’s face on $250 bill

Democratic lawmakers are raising questions about whether the Treasury Department engaged in ‘waste, fraud and abuse’ by pushing an effort to get Trump’s face on a $250 bill

The Independent UK

US imposes fresh sanctions on Cuba amid Trump's 'takeover' rhetoric

The United States on Tuesday issued a series of sanctions related to Cuba, amid recent rhetoric from US President Donald Trump suggesting a possible takeover of the communist island.

The Times of India

Oil Continues To Drop As U.S. Treasury Authorizes Iranian Oil Sales

Oil prices continued to drop on Monday following progress in talks between the U.S. and Iran and the Treasury Department's authorization of Iranian oil sales under a 60-day license.

International Business Times

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US Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department is guiding banks to share information on suspected undocumented customers, framing it as a crackdown on fraud and crime. New guidance allows banks to rapidly share data and flag customers potentially lacking legal immigration status, expanding existing anti-money laundering systems. This move aims to push undocumented workers…

The Economic Times

Treasury expands bank data-sharing rules tied to Trump immigration crackdown

The Treasury Department has moved to involve banks more deeply in President Donald Trump's immigration crackdown

AAP

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a…

The Independent UK

U.S. Offers $15 Million Reward for Information Leading to the 'Disruption of the Financial Mechanisms' of the Islamic Revolutionary Guard

The Treasury Department also sanctioned an alleged oil sales network involving Hong Kong-based entities that facilitated storage, transport and sale of Iranian oil worth billions of dollars

Latin Times

Treasury Exploring $250 Bill That Would Have Trump's Face On It: Report

The Treasury Department is exploring what a $250 bill featuring President Trump would look like.

International Business Times

Treasury officials moot $250 note featuring Trump: Report

America may soon see a USD 250 currency note with President Donald Trump's portrait. This move requires a new law from Congress. Officials are preparing designs for the note. Trump's image is also planned for a gold coin. These initiatives coincide with celebrations for America's 250th anniversary.

The Economic Times

US lifts sanctions against Francesca Albanese, UN rapporteur on Palestinians

The United States on Wednesday lifted sanctions on Francesca Albanese, a UN expert critical of Israel’s treatment of Palestinians, after a court order. A Treasury Department notice showed Albanese was removed from a sanctions blacklist that had effectively cut her off from global banking and credit card services.

France 24

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International Business Times UK

Trump's Treasury Lawyer Resigns in Disgust Over Secret $1.8 Billion Payout Fund for J6 Rioters

Brian Morrissey resigned just hours after the Trump administration created a $1.776 billion 'anti‑weaponisation' fund to compensate allies, including some Jan. 6 defendants.

International Business Times

U.S. Treasury Sanctions Casinos, Human Rights Leader Over Alleged Cartel Ties

The U.S. Treasury Department announced sanctions against two casinos and three people due to alleged ties to Cartel del Noreste (CDN), a Mexican drug trafficking syndicate the Trump administration has designated as a terrorist organization.

Euronews

Jack White hits out at ‘egomanical conman’ Donald Trump’s plan to sign all US currency

The former White Stripes frontman has slammed the US Treasury Department’s decision to include Trump’s signature on dollar bills.

International Business Times UK

Trump Turns Paper Money into a Personal Billboard, His Signature Marking a First for a Sitting President

In a historic move, Donald Trump's signature will be featured on all future US paper currency, marking the first time a sitting president's name appears on the nation's banknotes.

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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

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’

Axios

Trump sues IRS, Treasury Department over alleged tax return leaks

Trump says the leaks have caused "reputational and financial harm" and "public embarrassment."

The Independent UK

Trump’s tariffs have cost each American household $1,200 in added expenses, Dems say

In his second term, Trump has reversed decades of U.S. policy that favored free trade

The Independent UK

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

Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers

The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them

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