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The Latest Breaking News from the Treasury Department

US Blacklists Sudan Army Chief As Blinken Regrets Failure To End War

The United States on Thursday imposed sanctions on Sudan's army chief days after blacklisting his main rival, as outgoing Secretary of State Antony Blinken voiced regret at his failure to end the brutal war.

International Business Times

New US sanctions target Sudan's warring military leader

The U.S. has imposed sanctions on the leader of Sudan’s military in a devastating war that is spreading famine in that country

The Independent UK

Scott Bessent Vows Economic Prosperity Under Trump Administration

Scott Bessent, Trump's Treasury nominee, optimistic about economic growth and facing scrutiny from Democratic lawmakers.

Top News

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Sen. Graham Praises Trump's Treasury Nominee Scott Bessent

Sen. Lindsey Graham supports Scott Bessent as Treasury nominee, highlighting qualifications and alignment with Trump's agenda.

Top News

Scott Bessent To Divest 1M Assets For Treasury Department Role

Scott Bessent, Treasury Secretary nominee, plans to divest 1 million assets to uphold ethical standards.

Top News

Hedge-Fund Manager Scott Bessent To Divest Assets If Confirmed

Scott Bessent, Treasury nominee, pledges transparency by divesting assets and resigning from firm to address conflicts of interest.

Top News

FBI Director Christopher Wray Warns Terror Threats Are 'Closer Than They Appear' In Parting Message

President-elect Donald Trump has repeatedly criticized Wray, whom he nominated in his first term. Kash Patel has been nominated to replace him

International Business Times

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FBI Director Wray Warns Terror Threats Are 'Closer Than They Appear' In Parting Message

President-elect Donald Trump has repeatedly criticized Wray, whom he nominated in his first term. Kash Patel has been nominated to replace him

Latin Times

Trump's pick for Treasury secretary discloses assets worth at least $521 million, including a home in the Bahamas and S&P 500 ETFs

The actual value of his assets is likely much higher, as several of his top holdings were listed simply as “over $50,000,000.”

Fortune

China protests US sanctions for its alleged role in hacking, complains of foreign hacker attacks

China has slammed a decision by the U.S. Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical U.S. infrastructure

The Independent UK

China Behind Major Hack Of Treasury Department

China's involvement in a significant hack of the Treasury Department raises concerns about cybersecurity and prompts calls for stronger measures against ad...

Top News

Chinese Hackers Breach U.S. Treasury Department Workstations

Chinese hackers breach U.S. Treasury Department via third-party software provider, sparking cybersecurity concerns. Ongoing investigation underway.

Top News

Chinese hackers breach US Treasury in ‘major’ cyber attack

Hackers accessed workstations and unclassified documents, department says

The Independent UK

Report on attempts to kill Trump urges Secret Service to limit protection of foreign leaders

A congressional task force looking into the assassination attempts against Donald Trump during his presidential campaign is recommending changes to the Secret Service

The Independent UK

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Al Jazeera

US sanctions China cyber firm for potentially deadly ransomware attack

Some firewalls targeted in the US were protecting critical infrastructure companies, the US Treasury Department says.

Reason

The PPP Was a COVID-Era Disaster. Trump Wants To Promote the Guy Who Ran It.

After overseeing the pandemic-era Paycheck Protection Program (PPP), which was a bloated, wasteful mess, Michael Faulkender is failing up.

International Business Times

Trump Taps Navarro As Trade, Manufacturing Counselor

US President-elect Donald Trump announced Wednesday that his former White House trade advisor Peter Navarro -- who went to prison for contempt of Congress -- would return as senior counselor for trade and manufacturing.

Benzinga

'Historic Win For Crypto:' Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.

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The Conversation

US House passes measure that could punish nonprofits Treasury Department decides are ‘terrorist’

The U.S. House of Representatives has passed a bill that would empower the Treasury Department to eliminate the tax-exempt status of any nonprofit it deems to be supporting terrorism. The Stop Terror-Financing and Tax Penalties on American Hostages Act was approved in a 219-184 vote, with all but one Republican…

Reason

House Votes To Let Treasury Kill Politically Disfavored Nonprofits

Administrative power over financial matters is a dangerous weapon for bypassing due process.

Latin Times

US October Deficit Swells 287% To $257 Billion

According to a report by the Treasury Department on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.

International Business Times

US Finalizes Curbs On Investing In Chinese Tech

The administration of President Joe Biden has finalized curbs on US investments in sensitive technologies like semiconductors in China that pose a threat to national security, the Treasury Department said Monday.

International Business Times

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

International Business Times

US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud

The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.

Al Jazeera

Prominent Palestinian activist slams US sanctions as ‘madness’

Majed al-Zeer says the US claim that he is a Hamas representative in Europe is an attempt to discourage his activism.

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Abdel Fattah alBurhan

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