Department of Treasury News

Reports on Department of Treasury operations, national debt management, and fiscal policy. The Daily Signal provides news and conservative commentary on government borrowing, financial sanctions, currency policy, and the Treasury’s role in shaping America’s economic future.
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  • news

    Here’s How the IRS Is Taking on the Networks Potentially Funding Antifa
    Treasury Secretary Scott Bessent told reporters Thursday that the Internal Revenue Service and the FBI have made substantial progress on investigating the networks funding Antifa leftist agitators, and he mentioned one concrete policy change that could undermine nonprofits’ ability to prop up the violent movement. “In October, the Treasury Department started working with the FBI…
    Tyler O’Neil
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  • news

    Hasan Piker Makes the Perfect Case of the Birthright Tourism Scam, GOP Rep Says
    Self-described Marxist influencer Hasan Piker—who has advocated violence against capitalists while flying first class and reportedly charging up to $100,000 for speaking appearances—has drawn sharp criticism from Republican officials who accuse him of working against the United States. “I think we’re ultimately going to find that there’s a massive problem in this country with so-called…
    Pedro Rodriguez
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  • news

    Treasury’s Bessent Says US Has ‘Plenty’ of Funds for Iran War
    WASHINGTON, March 22 (Reuters) — The U.S. government has “plenty of money” to fund the war against Iran, but is requesting supplemental funding from Congress to ensure the military is well supplied in the future, U.S. Treasury Secretary Scott Bessent said on Sunday. Bessent, speaking on NBC News’ “Meet the Press” program, also ruled out…
    Reuters
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  • news

    ‘Substantial Refunds’ Coming to Taxpayers Soon, Senior Treasury Official Says
    Taxpayers can expect “substantial refunds” due to tax cuts in President Donald Trump’s “One Big, Beautiful Bill,” Treasury Secretary Counselor Joseph Lavorgna said. The bill’s provisions included no taxes on overtime pay, no taxes on tips, and reduced Social Security taxes. “We think there could be substantial refunds coming,” Lavorgna, counselor to Treasury Secretary Scott…
    Elizabeth Troutman Mitchell
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  • opinion

    Treasury Secretary Bessent Tells Miranda Devine Why Soros Funds Rogue Prosecutors, Sort Of
    If no one supports crime, why do activists fund candidates for office who, once elected, implement policies that enable it? If anyone would know the answer, it should be Treasury Secretary Scott Bessent, who, earlier in his impressive career, worked closely with George Soros, the notorious funder of the rogue prosecutor movement.  Over the past…
    Cully Stimson | Patrick McDonald
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  • news

    Bessent Warns Tariff Refunds Would Hurt Treasury, Vows Trump Has ‘Other Avenues’ if Supreme Court Strikes Down Powers
    Treasury Secretary Scott Bessent joined NBC’s “Meet the Press” Sunday where he said he is “confident” the Trump administration will prevail in the Supreme Court regarding President Donald Trump’s ability to institute tariffs.  A 7-4 ruling from a federal appeals court in August declared that most of Trump’s tariffs are illegal according to the International…
    Olivia Pero
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  • news

    Hill GOP Budget Leaders in ‘Lockstep,’ Treasury Chief Bessent Says
    “The House is moving things along quickly, and the Senate is in lockstep,” Treasury Secretary Scott Bessent told reporters Monday, in reference to the Republican budget reconciliation bill that is being ushered through Congress.  The message of unity comes after the treasury secretary met with the top four Republican congressional leaders in the budget reconciliation…
    Jacob Adams
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  • news

    US Treasury Sanctions Iranian Shipping Magnate
    President Donald Trump’s Treasury Department is sanctioning an Iranian national and his corporate network for what Treasury says is the laundering of hundreds of millions of dollars in illicit petroleum products “to evade U.S. sanctions and generate revenue for Iran.” Iranian shipping magnate Seyed Asadollah Emamjomeh has worked with companies affiliated with Iran’s Islamic Revolutionary…
    Elizabeth Troutman Mitchell
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  • news

    How Treasury’s Bessent Went From Soros Employee to One of Trump’s Top Lieutenants
    One of the most prominent defenders of the Trump agenda during the president’s second term has been Secretary of the Treasury Scott Bessent. A relative unknown on the national stage prior to being tapped for the post, Bessent, 62, has quickly become one of the president’s most effective communicators. A recent poll found him to…
    Jacob Adams
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  • news

    Treasury Report Exposes How Fentanyl Traffickers Exploit Financial System
    The fentanyl trade—which claimed tens of thousands of American lives in 2024 alone—is a multibillion-dollar business supported by sophisticated money laundering schemes, a new report from Treasury Secretary Scott Bessent revealed Wednesday. Bessent released the report amid President Donald Trump’s push to use tariffs as a weapon against foreign nations' reputed abuses of their financial…
    George Caldwell
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  • opinion

    Trump Administration Halts ‘COVID-19’ Education Spending Spree, Sends Savings to Treasury
    On Friday, the Trump administration took another step toward reining in wasteful government spending and narrowing Washington’s role in K-12 education. The Department of Education announced that it would be modifying the liquidation period for states to spend remaining COVID-19 “relief” dollars, giving them until close of business on March 28 to obligate any remaining…
    Lindsey Burke
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  • news

    Treasury Department Sent ‘Hate Group’ List of Conservative Organizations to Banks
    It came to light last week that the Treasury Department provided a listing of “hate groups,” which lumped together mainstream conservative organizations alongside avowed neo-Nazi and white supremacist groups, to major U.S. banks for the purpose of monitoring financial transactions in the wake of the Jan. 6, 2021 riot at the Capitol. Experts say the pattern could…
    Dan Hart
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  • news

    Treasury Secretary: US ‘Banking System Is Sound’
    Treasury Secretary Janet Yellen said the U.S. “banking system is sound” just days after the collapse of Silicon Valley Bank and Signature Bank. “This week the government took decisive and forceful actions to stabilize and strengthen public confidence in our financial system,” Yellen said before the Senate Finance Committee on Thursday. “First, we worked with…
    Samantha Aschieris
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  • opinion

    Treasury Secretary Janet Yellen Falsely Advertises Build Back Better in Memo to Senate
    Treasury Secretary Janet Yellen is carrying out a desperate, last-ditch effort to sell the increasingly unpopular Build Back Better Act before the year ends.  Yellen sent a memo to the Senate Dec. 9 titled “Fiscal Responsibility and the Build Back Better Act.” She wanted to get ahead of major reports that delivered a one-two punch…
    Scott Zipperle
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  • news

    Sen. Cynthia Lummis Grills Treasury Secretary Yellen About Privacy Fears Over ‘Unconscionable’ IRS Bank Proposal
    Editor’s note: During a Senate Banking, Housing, and Urban Affairs Committee hearing Tuesday, Sen. Cynthia Lummis, R-Wyo., grilled Treasury Secretary Janet Yellen on a Biden administration proposal to compel banks to report to the Internal Revenue Service every transaction Americans make worth $600 or more. Watch the video here, or read this lightly edited transcript: Sen. Cynthia Lummis: Thank you,…
    Daily Signal Staff
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  • news

    House Republicans Slam Treasury Secretary for Avoiding Oversight
    Top House Republicans are criticizing Treasury Secretary Janet Yellen for avoiding oversight while her agency is accused of mishandling billions of dollars of COVID-19 relief funds. The lawmakers, led by House Minority Whip Steve Scalise, R-La., blasted Yellen in a letter Wednesday for skipping her congressionally mandated testimony before the House Financial Services Committee. Instead of…
    Thomas Catenacci
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  • news

    Treasury Department Sanctions Ukrainian Lawmaker Who Met With Giuliani
    The Trump administration announced sanctions Thursday against a Ukrainian lawmaker who met last year with President Donald Trump's lawyer, Rudy Giuliani, and has pushed for a corruption investigation into the son of former Vice President Joe Biden. The Treasury Department accused Andriy Derkach of waging a pro-Kremlin disinformation campaign “in an attempt to undermine the upcoming 2020…
    Chuck Ross
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  • opinion

    The Treasury Department Is Wrong. China Didn’t Just Devalue Its Currency.
    The U.S. Treasury Department has incorrectly labeled China a manipulator of its currency. An important distinction exists between devaluing a currency and currency depreciation. Devaluing implies the People’s Bank of China actively manipulated the value of the Chinese renminbi to gain unfair advantage for its exports. Depreciation simply means the renminbi has lost purchasing power…
    Riley Walters
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  • opinion

    Treasury Department Just Fixed a Situation That Threatened School Choice
    Lawmakers intended with the 2017 tax cuts not only to promote economic growth and job creation and to allow families to keep more of their hard-earned money, but also to make the federal tax code more neutral toward state tax policy. But state-based tax credit scholarship programs got unintentionally caught up in the broader reform….
    Adam Michel | Lindsey Burke | Jonathan Butcher
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  • news

    Tax Refunds Are on the Rise, Treasury Reports
    Tax refunds have increased this week, the Treasury Department announced Thursday, after critics attacked the initial lower refunds that resulted from Americans paying less to government coffers. Through four weeks of the filing season, the average tax refund in 2019 increased to $3,143—up from last week’s average of $2,640, according to the Treasury Department. Treasury…
    Fred Lucas
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