Tag
treasury department
9 articles
Treasury Scrutinizes $90 Billion Tax Alpha Strategies
U.S. Treasury officials warn Wall Street of potential regulatory action against investment products that create artificial tax losses and avoid dividend income.
Steve Schmidt Calls Bessent 'Worst Treasury Secretary in History'
The former political strategist issued a sharp critique of Treasury Secretary Scott Bessent following his congressional testimony on the national debt and Venezuelan oil funds.
Treasury Links $12.7B in Suspected Crypto Scams to Southeast Asian Networks
FinCEN analysis of 33,904 Bank Secrecy Act reports reveals criminal organizations using fake personas and stablecoin conversions to defraud U.S. investors
Bessent Attacks Socialism Backers as 'Underachievers' Jealous of Workers
The Treasury Secretary cast support for expanded social programs as driven by personal grievance, not policy conviction, and pointed to Argentina's Milei as proof that free-market ideas win working-class votes.
U.S. Drives Sweeping Sanctions Campaign Against Iran
Treasury Secretary Scott Bessent announced new secondary sanctions designed to cut off Iran's remaining financial links to the global economy, threatening consequences for any country or company doing business with Tehran.
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.