Category: Treasury Department

Inflation Fears Cloud G7 Economic Agenda as Iran War Persists

The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
U.S. Targets Iran’s Missile and Drone Program With Sanctions

The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
Inside the Debate About Adding Stocks to Trump Accounts

Trump administration officials are weighing a plan that would allow wealthy individuals to donate shares in their companies to the investment accounts.
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies

China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
Treasury Issues More Sanctions on Iranian Oil Exports

The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
U.S. Sanctions Zigzag in New World of Economic Warfare

With oil prices in mind, the Trump administration has deployed a haphazard approach to sanctions on Russia and Iran.
How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets

President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
Bessent Backs Financial Support for Oil-Rich U.A.E.

The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
U.S. Considers Financial Support for Oil-Rich U.A.E.

President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.