Latest in Treasury Omits
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Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis
Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.CNBC - 3d -
Treasury Secretary Scott Bessent says corrections are 'healthy' and 'normal.' Jim Cramer disagrees
CNBC's Jim Cramer on Monday parsed recent market action.CNBC - 3d -
2-year Treasury leads yields lower as Fed sticks with 2025-27 rate-cut forecast
U.S. government debt rallied on Wednesday, sending the policy-sensitive 2-year yield down by the most in more than a week, after Federal Reserve officials stuck with their expectations for ...MarketWatch - 1d -
UK deregulation frees space ‘for bolder reforms’, says top bank lobbyist
David Postings tells FT he has been ‘working closely’ with Treasury on measures aimed at boosting growthFinancial Times - 4d -
The Dollar Just Took a Hit, Thanks to Worries About Trump’s Trade Wars
Treasury Secretary Scott Bessent said over the weekend there were ‘no guarantees’ there will not be a recession in the U.S.Inc. - 3d -
IRS agents who investigated Hunter Biden promoted by Trump administration
Gary Shapley and Joseph Ziegler were tapped by the treasury secretary to lead reform efforts at the IRS.CBS News - 2d -
Tax relief for cash Isa savers rose to £2.1bn last year
Cost to the UK Treasury rises 30-fold in two years due to rising interest rates and frozen thresholdsFinancial Times - 1d -
Herbert Smith Freehills fined £465,000 over Russia sanctions breaches
UK Treasury says law firm’s Moscow division paid £3.9mn to entities subject to asset freezesFinancial Times - 1d -
Donald Trump imposes sanctions on Chinese companies over Iranian oil shipments
Measures from the US Treasury department are latest salvo in a ‘maximum pressure’ campaign on TehranFinancial Times - 19h -
DOGE Cuts Upend Trump-Voting West Virginia Town
‘Nobody that I’ve talked to understood the devastation that having this administration in office would do to our lives,’ said one fired Treasury Department worker in Parkersburg.Inc. - Mar. 7 -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - Mar. 8 -
Global stocks sell-off pauses as investors catch their breath
Tumbling stock markets and rallying Treasury bonds steadied somewhat in Europe on Tuesday, as a modicum of calm returned to markets after the previous day’s dramatic moves.NBC News - Mar. 11 -
Trump economic team’s effort to calm recession fears falls flat
Calling bad news a temporary phenomenon didn’t work out well for Biden and it won’t for Trump, former Treasury Secretary Larry Summers said.MarketWatch - Mar. 12 -
Judge orders 6 federal agencies to rehire fired probationary workers
U.S. District Judge William Alsup extended relief to fired workers at the Departments of Veterans Affairs, Agriculture, Defense, Energy, Interior and Treasury.CBS News - Mar. 13 -
Judge orders some federal agencies to reinstate thousands of probationary workers
A federal judge ordered that the departments of Veterans Affairs, Defense, Energy, Interior, and Treasury reinstate probationary employees who were terminated last month.NBC News - Mar. 13 -
Bessent says 'there are no guarantees' when it comes to recession
Treasury Department Secretary Scott Bessent said on Sunday that “there are no guarantees” when it comes to a recession. “Mr. Secretary, can you guarantee the American people here and now that there ...The Hill - 4d -
Hunter Biden whistleblowers promoted at IRS
The Treasury Department has promoted two IRS whistleblowers who accused the DOJ under President Biden of granting his son, Hunter Biden, special treatment.ABC News - 2d -
Trump Administration to Confront Countries With New Tariff ‘Number’
Treasury Secretary Scott Bessent provided new details into how President Trump will roll out a sweeping and elusive tariff measure planned for April 2.The New York Times - 2d -
Fannie Mae, Freddie Mac Regulator Puts 35 Workers on Leave
The National Treasury Employees Union said there had been no advance notice for the employees, who work in consumer protection, equal opportunity and research units.The New York Times - 17h -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - Mar. 11 -
Stock futures fall as Bessent dismisses market worries: ‘Corrections are healthy’
U.S. stock futures declined Sunday after Treasury Secretary Scott Bessent said he’s not worried about a market downturn, despite a miserable stretch for Wall Street.MarketWatch - 4d -
Bessent reveals how Trump will decide reciprocal tariffs
President Trump’s reciprocal tariffs could go well beyond matching import taxes imposed on U.S. goods by other nations, Treasury Secretary Scott Bessent said Tuesday. In an interview, Bessent said ...The Hill - 2d -
Larry Summers: Odds of a recession 'close to 50/50'
Former Treasury Secretary Larry Summers said Monday that the odds of a recession are “close to 50/50.” “I told [Kasie Hunt] @CNN today, I think there is a real possibility of a recession,” Summers ...The Hill - Mar. 11