Category: Treasury Department

Warren Questions Bessent Over Musk Access to Treasury Payment System

In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund

The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.
Senate Confirms Scott Bessent as Treasury Secretary

Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1

The president said the planned duties were a response to China’s failure to curb fentanyl exports.
Trump’s Executive Order to End E.V. Subsidies Draws Pushback

Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21

Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today

Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.
Trump Treasury Pick Scott Bessent to Face Grilling

Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and China’s currency.
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes

President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
Treasury Dept. Hits Chinese Tech Company With Sanctions After Breach

The agency imposed penalties on a company it blamed for supporting the Chinese hacking group Flax Typhoon in a 2022-23 infiltration.
China Hacked Treasury Dept. in ‘Major Incident,’ U.S. Says

The department notified lawmakers of the breach, which it said was linked to a state-sponsored actor in China.