Treasury Department

Sen. Bernie Sanders, Elizabeth Warren, and Ed Markey introduced legislation aimed at preventing Social Security garnishment for defaulted student-loan borrowers and those with disabilities. The proposed bill would prohibit the Treasury from seizing payments, providing protection against forced collections. This legislative action comes amidst record high student-loan defaults and concerns over debt relief after the elimination of SAVE.

The United States has launched a "maximum pressure" campaign against Iran, employing economic sanctions through the Treasury Department and blockades by the U.S. Navy. This strategy is augmented by military measures, including air strikes targeting the IRGC. The goal is to inflict lasting damage on the regime's pursuit of regional domination, though diplomatic efforts have proven difficult due to Iranian defiance.

House Oversight Committee Democrats are pressuring the Trump administration for transparency on the management of $13 billion in Venezuelan oil revenue collected by the US. Treasury claims it holds the funds for the Venezuelan people and has made 'quick' disbursements, while Energy and State departments did not comment. Venezuela’s oil exports and production have increased since January.

Rep. Max Miller requests an Ethics investigation into himself. He attended a Ways and Means Committee hearing on Treasury Department priorities in the Longworth building.

President Donald Trump criticized Senators Thom Tillis and John Cornyn for opposing his nomination of Todd Blanche as Attorney General, vowing to retain Blanche as acting AG and prioritize passage of the Anti-Weaponization Bill. The bill aims to establish a congressional compensation program for victims of political persecution, replacing a DOJ fund created under Blanche's leadership but later abandoned due to lack of congressional approval.

President Donald Trump criticized Senators Thom Tillis and John Cornyn for opposing Todd Blanche's nomination as Attorney General, linking the issue to the stalled Anti-Weaponization Fund. Trump threatened to retain Blanche as acting AG and advance the Anti-Weaponization Bill, which would replace the fund with a congressionally authorized compensation program. Tillis and Cornyn indicated they would not support Blanche's confirmation until the fund's cancellation is formally documented.

T-Mobile executives have informed Deutsche Telekom they no longer support a proposed $300 billion merger, citing shareholder and regulatory concerns. Non-controlling shareholders, including institutional investors, may oppose the deal due to Deutsche Telekom's slower growth compared to T-Mobile. US regulators, including the Committee on Foreign Investment in the United States, are reportedly seeking guarantees that T-Mobile's revenue remains in the country.

Democratic senators are urging the Trump administration to revive plans to feature Harriet Tubman on the $20 bill after Treasury Secretary Scott Bessent announced the redesign is no longer being pursued.

Over 6.5 million families have enrolled in Trump Accounts, a U.S. children's savings program, but only 55 companies have committed to contributing on behalf of employees. Employers can contribute up to $2,500 annually tax-free, but many await Treasury guidance on operational details like payroll deductions and nondiscrimination rules.

President Donald Trump's Treasury Department has launched a new website to incentivize whistleblowers to report fraud, money laundering, and tax violations, offering rewards of 10% to 30% of recovered penalties. The program is part of a broader campaign to combat fraud in federal programs, led by Vice President JD Vance's Task Force to Eliminate Fraud.

51.7 million U.S. children in public, private, and charter schools are eligible for a federal Education Freedom Tax Credit scholarship, but California has not opted into the program despite having the most eligible students (nearly 6 million). The American Federation for Children, a private school choice advocacy group, analyzed the data, and 31 states have joined the program, including New York and Colorado.

Senate Democrats are urging the IRS watchdog to investigate the departure of Kenneth Kies, an IRS attorney who raised concerns about White House influence on taxpayer audits. Kies left his role as assistant Treasury Secretary and acting chief counsel, with the White House stating he was difficult to work with.

Senate Democrats are urging the IRS watchdog to investigate the departure of Kenneth Kies, an assistant Treasury Department secretary and acting chief counsel of the IRS, who left his roles after raising concerns about White House influence over taxpayer audits. The White House stated Kies was not a team player but did not address the allegations of executive interference in tax enforcement.

Senate Democrats are urging the IRS watchdog to investigate the departure of Kenneth Kies, a top IRS attorney who raised concerns about White House influence over taxpayer audits. Kies left his roles at the IRS after warning that political officials risked breaching a law against executive interference in tax enforcement. The White House stated Kies was not a team player but did not elaborate further.

The article mentions a 'Trump account' offering $1,000 to children, with the Treasury Department reporting $1.5 billion deposited into these accounts since their launch earlier this month.

Education experts and advocates criticized recent federal student loan changes under the GOP’s tax and spending cut law, warning they will push borrowers to private lenders and disrupt higher education. Rep. Bobby Scott highlighted concerns over Treasury Department taking over loan collections and reduced federal borrowing limits for graduate students.

Rep. Bobby Scott and education advocates criticized recent federal student loan changes linked to the GOP's tax and spending law, arguing they shift responsibilities to private lenders and disrupt higher education access. The Education Department's transfer of student aid functions to the Treasury Department and new loan regulations, including graduate borrowing limits, were highlighted as problematic for borrowers, particularly low-income and minority students.

Education experts and advocates criticized recent federal student loan changes under the GOP’s tax and spending law, arguing they shift borrowers to private lenders and disrupt higher education access. Rep. Bobby Scott highlighted concerns over the Education Department’s restructuring, including transferring loan collection to the Treasury Department and implementing new loan limits and repayment systems.

Education experts and advocates criticized recent federal student loan changes, warning they push borrowers to private lenders and disrupt higher education plans. Rep. Bobby Scott of Virginia highlighted the transfer of student aid functions to the Treasury Department and regulations from the GOP’s tax and spending law as compounding issues for borrowers.

Trump Accounts, a tax-advantaged investment program for children under 18, have 6.5 million sign-ups, with 1.5 million eligible for $1,000 seed funding for babies born from 2025 to 2028. However, some parents report delays in receiving the promised funds, despite the program's launch in July 2024.

President Donald Trump promotes Trump Accounts, which provide $1,000 seed money for children born during his second term, but some parents report delays in receiving the funds. The Treasury Department reports 6.5 million account sign-ups, with 1.5 million eligible for the initial $1,000 funding. Critics note inconsistencies in account activation and funding timelines.

President Donald Trump promotes Trump Accounts, which provide $1,000 in seed money for children born during his second term, but some parents report delays in receiving the funds. The accounts, created through a tax and spending bill, aim to give children investment opportunities, though critics note uneven access. The Treasury Department reports 6.5 million sign-ups, with 1.5 million eligible for the $1,000 incentive.

President Donald Trump promotes Trump Accounts, which provide $1,000 seed money for children born during his second term, but some parents report delays in receiving the funds. The program, part of the One Big Beautiful Bill, allows contributions from family and employers, with investments managed by private firms until the child turns 18.

President Donald Trump promotes Trump Accounts, which provide $1,000 seed money for children born during his second term, but some parents report delays in receiving the funds. The program, launched in July 2024, allows contributions to tax-advantaged investment accounts for children under 18, with 1.5 million eligible for the initial $1,000.

President Donald Trump promotes Trump Accounts, which provide $1,000 seed money for children born during his second term, but some parents report delays in receiving the funds. The program, created through the One Big Beautiful Bill, has 6.5 million sign-ups, with 1.5 million eligible for the $1,000 incentive, though distribution issues persist.

A Treasury Department tax policy official was ousted over disputes with the White House regarding IRS audit regulations. Donald Trump's second term fundraising has raised over $781 million through a network of nonprofits and institutions, with secretive spending. FCC officials accepted expensive gifts from Paramount as the company sought approval for major deals, raising conflict of interest concerns.

The U.S. House Committee on Education and Workforce approved a legislative package to transfer the Department of Education's functions to other federal departments, aligning with President Donald Trump's plan to reduce federal education oversight. The bills aim to shift responsibilities like student aid and international education to agencies such as the Treasury, Labor, and State Departments, though the Senate's narrow GOP majority makes passage uncertain.

The US House Committee on Education and Workforce approved a legislative package to transfer the Department of Education's functions to other federal agencies, aligning with efforts to reduce the department's federal role. The proposal, which mirrors existing interagency agreements, aims to shift responsibilities to the Department of Labor, Treasury, State, and Health and Human Services, but faces uncertainty in the Senate due to narrow Republican control.

The U.S. Mint is producing a $1 coin with President Donald Trump’s face to commemorate America’s 250th birthday. The coin, featuring a gold finish, was approved by the U.S. Commission of Fine Arts and is set for release this fall. A legal challenge questions whether a living person’s image can appear on currency, citing Title 31 of the U.S. Code.

The U.S. Mint has started producing a $1 coin featuring President Donald Trump's image to commemorate America’s 250th birthday. The coin, with a gold finish but not made of gold, was approved by the Trump-appointed U.S. Commission of Fine Arts and faces criticism for violating federal law prohibiting living presidents on currency. The Treasury Department also announced Trump's signature will appear on new U.S. paper currency.

The U.S. Mint has begun producing a $1 coin featuring Donald Trump's image to commemorate America's 250th birthday, with a fall release. The coin, which has a gold finish but is not made of gold, includes design changes from the originally approved version. The Treasury Department acknowledged the coin aims to honor liberty and patriotism, though it has faced criticism due to federal laws typically prohibiting living presidents from appearing on currency.

The U.S. Mint is producing a $1 coin with President Donald Trump's image to commemorate America's 250th birthday, featuring a gold finish and design approved by the U.S. Commission of Fine Arts. The Treasury Department faces criticism over the coin, as federal law prohibits living presidents on currency, though the secretary has authority to authorize such coins in certain circumstances.

The U.S. Mint has begun producing a $1 coin with President Donald Trump's image to commemorate America’s 250th birthday. The coin features a gold finish rather than being made of gold, and its design was approved by the U.S. Commission of Fine Arts, which includes members appointed by Trump. The Treasury Department faces criticism for violating federal law prohibiting living presidents on currency.

The Treasury Department has appointed Frank Bisignano, the IRS chief, to lead the expansion of Trump accounts. The program aims to enroll millions of families.

The United States expanded sanctions targeting Iran's oil sector, focusing on the network of petroleum shipping magnate Mohammad Hossein Shamkhani. The Treasury Department stated the Shamkhani network remains central to Iran's oil exports and has expanded into global commodities trading.

A judge ruled that President Donald Trump's $10 billion lawsuit against the IRS over leaked tax returns was filed for an improper purpose, leading to disciplinary action against one of his lawyers. The settlement granted Trump immunity from tax audits and established a $1.776 billion fund for allies, which was later abandoned.

The Ninth Circuit upheld a block on the Treasury Department’s FinCEN rule requiring cash transaction reports for border businesses, ruling the agency likely bypassed federal rulemaking requirements and failed to consider compliance costs. The decision supports a preliminary injunction against the rule, which targeted money laundering by Mexican cartels.

A judge ruled that President Donald Trump's lawsuit against the IRS over leaked tax returns was filed for an 'improper purpose' and referred one of his lawyers for potential disciplinary action. The lawsuit, which sought $10 billion, ended in a settlement granting Trump immunity from tax audits and creating a $1.776 billion fund for allies, but the judge criticized the use of the court to legitimize the agreement.

A judge ruled that President Donald Trump's lawsuit against the IRS was filed for an improper purpose, criticizing it as a manipulation of the court system to bypass adverse interest requirements and secure a settlement granting Trump immunity from tax audits and creating a fund for allies. The judge referred one of Trump's lawyers for potential disciplinary action and questioned the legitimacy of the settlement process.

The article discusses Trump Accounts, tax-deferred investment accounts for U.S. children under 18, with annual contributions up to $5,000. Children born between 2025 and 2028 are eligible for a one-time $1,000 deposit, though the author's older children do not qualify. The author supports the program for financial literacy and long-term investment education.