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EXPLAINED: Treasury department | Vintage Vibes

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

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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

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 UK

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.

International Business Times

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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.

Euronews

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.

International Business Times 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’

The Independent UK

Trump sues IRS, Treasury Department over alleged tax return leaks

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

Axios

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

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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

Saving Advice

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...

The Independent UK

US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high

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The Independent UK

Viral images of White House demolition spark edict to Treasury staffers next door after critics shred Trump ballroom work as ‘grotesque’

Treasury Department employees told in email that they could ‘potentially reveal sensitive items, including security features’ by snapping photos of the work, and sharing them online

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.

Reason

The Justice Department's Targeting of George Soros Is a Serious Scandal

Just as it was a scandal when the IRS under Obama allegedly targeted Tea Party groups.

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

Benzinga

IRS Broke Its Own Rules When It Terminated Contracts Of Over 7,000 Employees, Reveals Treasury Watchdog

The Internal Revenue Service violated its own policies when it fired thousands of probationary employees earlier this year at the direction of the Trump administration, the Treasury Department's inspector general said in a report released last week.

Benzinga

Small Business Owner Wonders If Tariffs Bring In Billions A Month Why Is Washington Still Asking for 'Gifts' Instead Of Paying Down The Debt?

President Donald Trump's tariffs poured billions into U.S. coffers in July, setting yet another monthly record for customs duty collections. Treasury Department data released Tuesday shows $27.7 billion in duties came in last month — up from $26.6 billion in June and $22.2 billion in May, and more than triple…

The Independent UK

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

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