Treasury Department
The U.S. Treasury Department is a government department responsible for managing national finances and economic policy.
Activity
Xi Jinping and Donald Trump Meet in Beijing to Push Diplomacy on Trade, Iran, and Taiwan
Xi Jinping and Donald Trump met in Beijing to discuss trade, Iran, and Taiwan, aiming to reduce tensions. This diplomatic effort could shape future relations and global stability amid ongoing conflicts.
U.S. Imposes Sanctions on Iran’s Oil Transport Network, Including Shamkhani Family
The U.S. Treasury designated over 25 entities and vessels involved in Iran's oil shipping operations. This move aims to tighten economic pressures on Iran and diminish its energy export capabilities.
US Mint authorized to produce Trump 24-karat gold coin for 250th anniversary
The U.S. Mint received final authorization to produce a 24-karat gold coin featuring Donald Trump for America's 250th anniversary. This step marks a controversial milestone allowing the rare depiction of a living president on official currency.
Robinhood and BNY Mellon to Launch Trump Accounts for Kids on July 4
Robinhood and BNY Mellon are set to launch the Trump Accounts for children on July 4, providing a government-funded investment start. This program aims to increase financial literacy among U.S. youth but faces scrutiny over fee transparency and systemic effectiveness.
Trump to Sign US Dollar Bills for 250th Anniversary, Breaking Tradition
Donald Trump will appear on US dollar bills starting this summer, a historic first for a sitting president. The move coincides with the country's 250th anniversary and signals a symbolic shift in currency branding.
Treasury Launches Whistleblower Portal and Rewards to Fight $Billions in Medicare and Medicaid Fraud
The U.S. Treasury Department has launched a new whistleblower portal and announced rewards for exposing Medicare and Medicaid fraud, targeting criminal organizations. The initiative aims to recover billions lost to false claims and money laundering, with increased incentives for whistleblowers.
Trump Administration Transfers $1.7T Student Loans to Treasury for Management
The Trump administration has moved control of $1.7 trillion in federal student loans, including $180 billion in defaults, from Education to Treasury. This marks a major restructuring aimed at improving loan management and shrinking the Education Department's role.
US Extends Sanctions Waiver for Serbia’s Russian-Owned NIS Oil Firm Until April 17
The US Treasury extended a sanctions waiver for Serbia's Russian-owned NIS oil firm until April 17, enabling further crude oil imports. The move coincides with rising US-Israeli tensions involving Iran, affecting Serbia's energy imports and geopolitical stance.
US Clears Russian Oil Sale to India, Indian Opposition Reacts Sharply
The US has approved the sale of Russian oil to India, prompting outrage from Indian opposition parties. This decision raises concerns over India's sovereignty and its diplomatic ties with Russia and the US.
US Eases Venezuelan Oil Resale Rules to Cuba Amid Fuel Shortage
The US has authorized the resale of Venezuelan oil to Cuba to help address fuel shortages. This policy shift involves new rules on oil transactions, signaling a potential shift in US support for Cuba amidst ongoing energy crises.
Senator Warren Urges Treasury and Fed to Avoid Bitcoin Bailout Amid Market Drop
Senator Elizabeth Warren has urged the Treasury and Fed to avoid bailing out Bitcoin and crypto billionaires amid a recent market plunge. Her stance underscores growing calls for stricter regulation and concerns over moral hazard in the crypto industry.