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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  • opinion

    Treasury Can’t Go Wobbly When Sanctions Against Russians Are Starting to Hurt
    Anybody in the inner circle of Russian strongman Vladimir Putin who might have cheered President Donald Trump’s victory in 2016 must now be sorely disappointed. When it comes to dealing with Russia, Trump has been the toughest president since Ronald Reagan. He has sent advanced weapons to the Ukrainians and Georgians, increased U.S. defense spending in…
    Luke Coffey
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  • news

    Treasury Secretary Says Tax Reform Will Happen Within the Year
    Tax reform will happen within the year, Treasury Secretary Steve Mnuchin says.  “We will have success,” Mnuchin said Monday during an event hosted by Freedom Partners Chamber of Commerce and Americans for Prosperity. “This is a pass/fail exercise and we will pass tax reform, period.” The man President Donald Trump picked to oversee the nation’s…
    Rachel del Guidice
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  • opinion

    What the Treasury’s New Recommendations Would Mean for Financial Reform
    This week, in response to President Donald Trump’s February executive order, the U.S. Treasury released the first in a series of reports examining the U.S. financial regulatory system. The report identifies policies that would improve federal financial regulation in a manner consistent with the Trump administration’s seven core principles. Treasury incorporated a wide range of…
    Norbert Michel
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  • news

    Trump’s Acting Treasury Secretary, an Obama Holdover, Helped Craft Iran Nuclear Deal
    As President Donald Trump’s nominee for treasury secretary continues to wait for Senate confirmation, an architect of the Obama administration’s Iran nuclear deal is currently running the agency. “Once Iran came to the table, we reached a strong, comprehensive deal,” Adam Szubin says. Acting Treasury Secretary Adam Szubin—who had been a career department employee—previously served…
    Fred Lucas
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  • news

    What to Know About Steven Mnuchin, Trump’s Pick for Treasury
    Though not a widely known quantity in Washington, Steven Mnuchin, President-elect Donald Trump’s choice for treasury secretary, has had a seasoned career in high finance, in Hollywood, and, most recently, as finance chairman of the Trump campaign. “I am honored to have the opportunity to serve our great country in this important role,” Mnuchin, 54,…
    Fred Lucas
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  • news

    ‘Stop Cheating Taxpayers:’ Ben Sasse Introduces Bill Requiring Obamacare Program to Reimburse Treasury
    Sen. Ben Sasse, R-Neb., introduced a bill Thursday that would force the Obama administration to deposit $5 billion in the Treasury by 2017 as required under Obamacare’s reinsurance program or face steep cuts to its departmental management fund this year and next year. Called the “Taxpayers Before Insurers Act,” Sasse’s legislation codifies penalties for the…
    Melissa Quinn
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  • news

    Lawmakers: Obama Administration Illegally Diverted Billions Intended for US Treasury to Insurers
    Republicans on Capitol Hill are questioning the legality of a move by the Obama administration to give billions to insurers under a program implemented under Obamacare that they say is equal to an insurer bailout. At issue for lawmakers on the House Energy and Commerce Committee is whether the Centers for Medicare and Medicaid Services…
    Melissa Quinn
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  • news

    Bipartisan Group of Lawmakers Asks Treasury Department to Return $29,500 Taken From Innocent Dairy Farmers
    A bipartisan group of lawmakers on the House Ways and Means Oversight Subcommittee is coming together to ask the Treasury Department to return nearly $30,000 it seized from Maryland dairy farmers in 2012. The letter, sent August 11 to Treasury Secretary Jack Lew, calls on the agency to return $29,500 the Internal Revenue Service seized…
    Melissa Quinn
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  • opinion

    New Treasury Measures Will Do Little to Stop Businesses From Fleeing U.S.
    American companies are merging with foreign firms and relocating their headquarters to those foreign countries because our tax structure is uncompetitive. So what does the Treasury Department do? Yesterday, it released long-awaited measures to combat the practice of merging with foreign companies to avoid U.S. taxes — known as inversions — that will make it…
    Curtis Dubay
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