Tag
treasury department
4 articles
Bessent Says U.S. Deficit Has Likely Peaked as National Debt Tops $40 Trillion
Treasury Secretary Scott Bessent told CNBC the government's fiscal consolidation efforts could save hundreds of billions, though tariff revenue remains uncertain after court setbacks.
Treasury Sets Hard Deadlines for Stablecoin Licensing Under GENIUS Act
A proposed rule released Monday draws legal boundaries on who may issue or sell payment stablecoins to U.S. customers, with compliance dates in 2027 and 2028.
Treasury Permanently Exempts U.S. Companies From Ownership Reporting
Treasury Secretary Scott Bessent finalized a rule scrapping Biden-era requirements that would have forced roughly 32 million businesses to disclose their beneficial owners to FinCEN.
U.S.-Japan Currency Intervention Drives Yen's Largest Rebound in Eight Months
Treasury Secretary Scott Bessent and the Federal Reserve coordinated with Tokyo to reverse the yen's depreciation, pushing the currency up 4.5 percent against the dollar.