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The Latest Breaking News from the Treasury Department

Federal Unions Sue Treasury Department Over Elon Musk's Access

Federal unions sue Treasury Dept. over Elon Musk associates' access to payment system, citing privacy violations and legal prohibitions.

Top News

Giving Elon Musk’s DOGE access to the Treasury payment system raises the risk of a U.S. debt default and global financial crisis, senator warns

The Treasury Department’s payment system has been likened to the government’s checkbook and makes $6 trillion in disbursements a year.

Fortune

Treasury official pushed out by Musk

Musk reportedly sought to access the system responsible for paying Social Security benefits and federal contracts

Salon

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MAGA lawmaker wonders ‘did DEI play a role’ in the deadly DC plane crash

‘At this time, you hate to jump to any conclusions,’ Rep. Andy Ogles said before suggesting diversity, equity and inclusion initiatives could be to blame.

The Independent UK

Bessent confirmed as treasury secretary

Bessent is one of 13 billionaires tapped to join Trump's administration

Salon

Senate To Vote On Treasury Secretary Confirmation

Senate prepares to confirm Scott Bessent for Treasury Department, focusing on extending tax cuts and the impact of the 2017 Tax Cuts and Jobs Act on the ec...

Top News

Bitcoin soars past $109,000 ahead of possible early action on crypto by Trump

The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office

The Independent UK

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Treasury Department Recovers Million In Fraudulent Payments

Treasury Department recovers million in improper payments to deceased individuals, advocates for permanent access to death database.

Top News

Treasury levels sanctions tied to a massive hack of telecom companies and breach of its own network

The Treasury Department has announced sanctions in connection with a massive Chinese hack of American telecommunications companies and a breach of its own computer network

The Independent UK

Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week

The Independent UK

Proposed rules would require nutrition info, allergen warnings on alcohol labels

Labels on wine, distilled spirits and malt beverages in the U.S. would be required to list alcohol content and nutritional information per serving, plus notification of potential allergens, under two new rules proposed Thursday by the Treasury Department

The Independent UK

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.

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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.

International Business Times

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

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Latin Times

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

Fortune

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.”

The Independent UK

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

Top News

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.

The Independent UK

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

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