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THE TRUTH ABOUT: Treasury department - The Untold Story

Trump administration proposes new rules to strip tax-exempt status from schools that consider race

The Trump administration has proposed new regulations that could strip schools of their tax-exempt status if they offer targeted support to specific racial groups. This move, aimed at ending diversity programs, has drawn criticism from civil rights advocates who argue such practices address historic inequities. The proposal, which could impact…

The Economic Times

Two Top Banks Say The Treasury's Strategy To Buy Back Bonds Won't Bring Down Yields

"We think the buybacks themselves are unlikely to meaningfully reset rate levels even if scaled up," said Goldman Sachs strategists.

International Business Times

Bond Yields Rebound Quickly And Erase The Drop From The Treasury's Intervention In Just a Day

The Treasury Department said on Wednesday it will more than double the size of government debt repurchases.

International Business Times

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Pakistan seeks USD 10 billion US facility to bolster forex stability

Pakistan seeks a $10 billion US facility to bolster its foreign exchange reserves. This move aims to reassure international investors and stabilize the nation's currency. The government is negotiating with the US Treasury Department for this exchange stabilization support. Pakistan is currently implementing an IMF program and seeks market-based financing.…

The Economic Times

Stocks Snap Losing Streak as Treasury Yields Ease: Stock Market Today

Yields on the 10-year and 30-year Treasuries pulled back Wednesday after the Treasury Department announced new buyback levels.

Kiplinger

IRS announces new rules Trump Accounts for contribution towards employees’ dependent children. All you need to know

Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation…

The Economic Times

US removes sanctions from three IRGC-linked entities, Treasury website shows

The US Treasury Department has removed Fly Baghdad and two aircraft from its sanctions list. This action follows earlier targeting of the airline for suspected Iran links. The airline's owner, Basheer Al-Shabbani, however, remains under active US sanctions. Authorities have now directly linked Al-Shabbani to Iran's Quds Force. This move…

The Economic Times

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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

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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The Economic Times

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…

AAP

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

The Independent UK

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…

Latin Times

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

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International Business 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.

The Economic 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.

France 24

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.

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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