News

Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
“The fear is the U.S. is losing its standing as the safe haven,” said George Cipolloni, a fund manager at Penn Mutual Asset ...
Federal News Network1d
Treasury plans to consolidate support offices, IRS pauses plan to rehire fired probationary employees
The IRS says fired probationary employees will remain on paid administrative leave until further notice, walking back plans ...
Bessent says US Treasury to take stronger role in bank regulation, easing undue burdens
U.S. Treasury Secretary Scott Bessent said on Wednesday his department will play a greater role in banking regulation to ...
US budget deficit grows to $1.3 trillion, the second highest six-month level on record
The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year. The Treasury Department ...
US Sees Modest Pickup in Customs Duties Amid Widening Deficit
The US Treasury saw a modest pickup in customs duties last month as President Donald Trump’s tariff hikes began to kick in, ...
US March deficit falls to $161 billion, customs revenue grows but still small
The U.S. government posted a $161 billion budget deficit for March, down 32%, or $76 billion, from a year earlier, a decline ...
Ex-Treasury secretary: US being treated as ‘problematic emerging market’
Former Treasury Secretary Larry Summers said Wednesday that the U.S. is being treated as a “problematic emerging market.” ...
USA Today3d
Top IRS officials join chief in quitting following immigration data deal
A U.S. Treasury spokesperson confirmed the resignation ... encouraged immigrants to pay taxes even if they are not in the United States legally, assuring them that their data would be protected.
US Treasury Secretary Bessent to head trade talks with Japan - Nikkei
U.S. Treasury Secretary Scott Bessent will lead trade negotiations with Japan, the Nikkei newspaper reported on Tuesday.