Tag: us_treasury
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U.S. Treasury Sanctions Major Ecuador-Based Cocaine Network Linked to Violent Gangs and Mexican Cartels
The U.S. Treasury has sanctioned 15 Ecuador-based targets and 10 vessels, disrupting a major cocaine network linked to violent gangs Los Choneros and Los Lobos, and Mexican cartels. This action aims to curb drug flow to the U.S. and dismantle…
Politics and GovernmentLaw EnforcementBusinessWorldFederal GovernmentLegalEconomyLatin AmericaSocial IssuesMilitary U.S. TreasuryOFACEcuadorCocaine TraffickingSanctionsMexican CartelsNarcoterrorismUS Treasury
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U.S. Treasury Sanctions Hizballah Cash Smuggling Network, Re-designates Group for IRGC-QF Ties
The U.S. Treasury sanctioned 10 individuals and re-designated Hizballah for operating a multi-million dollar cash smuggling network across Lebanon, Turkiye, UAE, and Iran. This action targets Hizballah's illicit financing and its deep ties to Iran's IRGC-QF.
Politics and GovernmentBusinessConflictWorldFederal GovernmentEconomyBankingMiddle EastLegalLaw Enforcement HizballahUS TreasurySanctionsIRGC-QFCash SmugglingTurkeyLebanon
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Treasury Proposes Low-Cost Investment Rules for Trump Accounts
The U.S. Treasury has proposed new guidance for Trump Accounts, emphasizing low-cost, diversified investments to maximize children's long-term savings by limiting fees and complex strategies, with SPYM as the default.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsGeneral Politics US TreasuryTrump AccountsInvestment RulesScott BessentFrank BisignanoETFsFinancial Planning
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Asheville to Host G20 Finance Ministerial Focused on Economic Growth
Treasury Secretary Scott Bessent will host global finance ministers and CEOs in Asheville, N.C., for the G20 Finance Ministerial from Aug. 29 to Sept. 1, emphasizing economic growth and President Trump's agenda over climate change.
Politics and GovernmentBusinessWorldMediaGeneral PoliticsFederal GovernmentEconomyFinancial Markets Scott BessentG20 Finance MinisterialAshevilleNorth CarolinaEconomic GrowthDonald TrumpCEOsUS Treasury
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Treasury and IRS Propose Rules to Restrict Refundable Tax Credits to Eligible Taxpayers
The Treasury and IRS have proposed new rules to limit refundable tax credits, including the EITC and Child Tax Credit, to U.S. citizens, nationals, and qualified aliens, fulfilling President Trump's pledge to prevent abuse.
Politics and GovernmentBusinessLaw EnforcementUSA US Department of the TreasuryInternal Revenue Service (IRS)Refundable Tax CreditsIllegal AliensPersonal Responsibility and Work Opportunity Reconciliation Act of 1996Donald J TrumpTax PolicyUS Treasury
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US Treasury Doubles Long-End Liquidity Support Buyback Sizes
The U.S. Treasury will significantly increase the size of its liquidity support buyback operations for longer-dated nominal coupon securities, doubling the maximum per operation to at least $4 billion. This change, effective September 9, 2026, aims to enhance market liquidity.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal Government US Treasuryliquidity supportbuyback operationsnominal coupon securitiesWashington D.C.Government Finance
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U.S. Treasury Reports $133.5 Billion Net Capital Inflow in June
The U.S. Treasury reported a $133.5 billion net TIC inflow for June 2026, driven by significant foreign purchases of long-term U.S. securities, despite decreases in short-term holdings. Private and official investors contributed to the substantial capital influx.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentBanking Treasury International CapitalCapital InflowForeign InvestmentU.S. SecuritiesLong-term SecuritiesJune 2026U.S. Department of the TreasuryUS Treasury
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Treasury Seeks Public Comment on GENIUS Act Stablecoin Regulations
The U.S. Treasury has issued a Notice of Proposed Rulemaking for the GENIUS Act, seeking public comment on new regulations for payment stablecoins. This aims to provide clarity for licensing and market access, fostering innovation and cementing the U.S. dollar's…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyFinancial MarketsComputers and Internet US Department of the TreasuryGENIUS ActPayment StablecoinsProposed RulemakingScott BessentDigital AssetsCryptocurrency RegulationUS Treasury
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US Treasury to Host G20 Finance Ministerial in Asheville
Secretary Scott Bessent will host the G20 Finance Ministerial in Asheville, North Carolina, from August 29 to September 1, 2026. Global finance leaders will convene to advance discussions on key economic priorities, with media credentialing open until August 24th.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyGeneral Politics Scott BessentG20 Finance MinisterialAshevilleNorth CarolinaUS Department of the TreasuryGlobal EconomyFinance MinistersUS Treasury
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Treasury Secretary Bessent Touts Economic Growth in Iowa
Treasury Secretary Scott Bessent visited Iowa, highlighting President Trump's economic agenda. He toured manufacturing facilities and met bankers, emphasizing how Working Families Tax Cuts and regulatory reforms are boosting jobs, investment, and supporting Main Street businesses and families.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingEmployment and LaborLegal Scott BessentIowaWorking Families Tax CutsManufacturingSmall BusinessRegulatory ReformTrump AccountsUS Treasury
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FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Businesses
FinCEN permanently ends beneficial ownership reporting for U.S. companies and persons, deleting past data. Treasury Secretary Scott Bessent hails it as a victory for small businesses, fulfilling President Trump's promise to cut red tape.
Politics and GovernmentBusinessFederal GovernmentEconomyGeneral Politics FinCENBeneficial Ownership ReportingSmall BusinessU.S. Department of the TreasuryCorporate Transparency ActScott BessentGovernment PolicyUS Treasury
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Treasury Issues Guidance for Employer Contributions to Trump Accounts
The U.S. Treasury has released guidance for employer contributions to Trump Accounts, allowing tax-free contributions for dependents and pre-tax employee contributions. This initiative aims to help American families build long-term wealth and offers businesses a new benefit.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborFinancial Markets Trump AccountsUS TreasuryEmployer ContributionsFinancial WellnessTax BenefitsWealth BuildingWashington D.C.
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Joint Base Charleston Renamed to Honor Senator Lindsey Graham
Joint Base Charleston is now Joint Base Lindsey Graham, honoring the former senator's three decades of service. Secretary Scott Bessent spoke at the ceremony, celebrating Graham's commitment to national defense and his South Carolina roots.
Politics and GovernmentConflictFederal GovernmentMilitaryGeneral PoliticsState Governments Lindsey GrahamJoint Base Lindsey GrahamScott BessentSouth CarolinaMilitary BasesCeremoniesNational SecurityUS Treasury
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Treasury Welcomes S&P Global's New Critical Mineral Reference Prices
The U.S. Treasury welcomed S&P Global's new critical mineral reference prices, enhancing market transparency for Gallium, Germanium, Tungsten, Antimony, Neodymium, and Praseodymium. This initiative aims to boost investment, strengthen supply chains, and support the Trump Administration's economic and national security…
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeGeneral Politics US Department of the TreasuryS&P GlobalCritical MineralsMarket TransparencySupply ChainsScott BessentTrump AdministrationUS Treasury
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Treasury Renews Order to Combat Minnesota Fraud, Target Overseas Money Laundering
FinCEN renewed its Geographic Targeting Order in Minnesota to combat extensive fraud diverting billions in state and federal aid. The order requires enhanced reporting on international money transfers over $3,000 from Hennepin and Ramsey Counties, aiming to recover taxpayer dollars…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegal FinCENGeographic Targeting OrderMinnesotaFraudMoney LaunderingUS TreasuryGovernment Benefits
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Treasury Secretary Bessent Calls on Arizona Bankers to Bolster National Security Against Illicit Finance
Treasury Secretary Scott Bessent urged Arizona bankers to combat illicit finance linked to border issues, emphasizing their vital role in national security and economic growth. He also criticized past regulations for weakening community banks.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingSocial Issues Scott BessentArizonaCommunity BanksFinancial CrimesNational SecurityDodd-FrankUS Treasury
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Treasury Secretary Bessent to Discuss Economic Agenda and Financial Integrity with Arizona Bankers
Secretary Bessent and Comptroller Gould will meet Arizona bankers to discuss Trump's economic agenda, regulatory relief, and financial system integrity, including measures against illicit activity and credit risks from non-work authorized illegal aliens.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingEmployment and LaborLegal Scott BessentJonathan GouldPhoenix, ArizonaCommunity BankingFinancial RegulationTrump AdministrationEconomic PolicyUS Treasury
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Treasury Secretary Bessent to Address Arizona Bankers on Economic Agenda and Financial Integrity
Secretary Scott Bessent and Comptroller Jonathan Gould will meet with Arizona community bankers to discuss the Trump Administration's economic agenda, regulatory relief, and measures to strengthen financial system integrity, including addressing risks from illegal aliens.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingSocial Issues Scott BessentJonathan GouldUS TreasuryPhoenixArizonaCommunity BankingFinancial Regulation
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Treasury Secretary Bessent, Speaker Johnson to Visit Arizona for Economic Discussions
U.S. Treasury Secretary Scott Bessent, Speaker Mike Johnson, and Congressman Juan Ciscomani will visit Casa Grande, Arizona, for a manufacturing tour and economic roundtable, highlighting the Trump Administration's pro-growth policies and tax cuts.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsCongressEmployment and Labor Scott BessentMike JohnsonJuan CiscomaniArizonaManufacturingEconomic PolicyTrump AdministrationUS Treasury
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Treasury, IRS Release Guidance for Expanded Paid Family and Medical Leave Tax Credit
The Treasury and IRS have issued guidance on the permanent expansion of the Paid Family and Medical Leave tax credit under the Working Families Tax Cuts. This enhances eligibility and coverage, offering businesses greater incentives to provide paid leave for…
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and LaborLegalSocial Issues US TreasuryIRSPaid Family and Medical LeaveTax CreditWorking Families Tax CutsEmployersGuidance
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U.S. Treasury Announces $125 Billion Quarterly Refunding
The U.S. Treasury will offer $125 billion in securities to refund maturing debt and raise new cash. Auctions for 3, 10, and 30-year notes and bonds are scheduled for mid-August, with future financing plans outlined.
BusinessPolitics and GovernmentEconomyFederal GovernmentFinancial MarketsBanking U.S. TreasuryTreasury securitiesQuarterly RefundingFederal FinanceBrian SmithDebt ManagementAuctionsUS Treasury
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Treasury Secretary Bessent to Visit Arizona for Economic and Financial System Discussions
Secretary Scott Bessent will travel to Arizona to discuss the Trump Administration's pro-growth economic agenda, including tax cuts and efforts to strengthen the financial system, meeting with manufacturers and community bankers.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingSocial Issues Scott BessentArizonaEconomic PolicyFinancial SystemManufacturingCommunity BankingTrump AdministrationUS Treasury
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US Treasury to Host G20 Finance Ministerial in Asheville, NC
Secretary Scott Bessent will host the G20 Finance Ministerial in Asheville, North Carolina, bringing together global finance leaders. Media credentialing is now open for the late August to early September 2026 event.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyBankingFinancial MarketsGeneral PoliticsMedia G20Finance MinisterialAshevilleNorth CarolinaScott BessentUS TreasuryGlobal Economy
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Treasury Raises Marketable Borrowing Estimate for Q3 2026
The U.S. Treasury projects $739 billion in net marketable borrowing for July-September 2026, an increase of $68 billion, and $628 billion for October-December. This update reflects lower cash flow projections.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets U.S. Department of the TreasuryMarketable BorrowingDebtGovernment FinanceEconomic PolicyWashingtonQuarterly RefundingUS Treasury
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US Economy Shows Robust Growth, Resilience Amidst Geopolitical Shifts
The U.S. economy demonstrates strong growth in Q2 2026, fueled by robust business investment, accelerating job creation, and resilient energy markets. Inflationary pressures eased, and AI investment continues to drive expansion, according to the Treasury.
Politics and GovernmentBusinessScience & TechnologyConflictEconomyEmployment and LaborArtificial IntelligenceEnergyMiddle East US EconomyEconomic GrowthBusiness InvestmentLabor MarketInflationTrump AdministrationUS Treasury
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US Treasury Sanctions Iran's Strait of Hormuz Extortion Network and Shadow Fleet
The U.S. Treasury has sanctioned two Iranian firms for an IRGC-backed maritime insurance extortion scheme in the Strait of Hormuz and several vessels in Iran's "shadow fleet," aiming to disrupt funding for the regime's illicit activities.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyFinancial MarketsTradeMiddle EastAsia IranU.S. TreasurySanctionsStrait of HormuzIRGCMaritime InsuranceOil ShipmentsUS Treasury
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Treasury Unveils Redesigned CFIUS Website to Streamline Foreign Investment Reviews
The U.S. Treasury launched a redesigned CFIUS website, CFIUS.gov, featuring a pre-filing portal, risk matrix, and process guidance. This aims to modernize information access and streamline foreign investment reviews, enhancing national security and economic engagement.
Politics and GovernmentBusinessFederal GovernmentEconomyTradeComputers and Internet US Department of the TreasuryCFIUSForeign InvestmentNational SecurityScott BessentChris PilkertonGovernmentUS Treasury
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Treasury Secretary Bessent Hails "Historic" Launch of Trump Accounts, Citing 7 Million Enrollments
U.S. Treasury Secretary Scott Bessent announced the successful launch of Trump Accounts, enrolling 7 million children. The program provides seed investments and aims to boost financial literacy and an "ownership economy" for American youth.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsEducationArtificial Intelligence Scott BessentTrump AccountsFinancial LiteracyU.S. TreasuryInvestment AccountsDigital Financial LiteracyOwnership EconomyUS Treasury
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Treasury Removes 84 from Sanctions List in Modernization Push
The U.S. Treasury's OFAC removed 84 individuals and entities from its sanctions list, updating 22 entries and resolving 18 duplicates. This is the second phase of a modernization effort to ensure sanctions are targeted and effective, supported by a new…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentGeneral PoliticsEconomyLegalFinancial Markets U.S. Department of the TreasuryOFACSanctionsModernizationScott BessentTrump AdministrationReconsideration PortalUS Treasury
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Treasury to Host FLEC Meeting on Digital Financial Literacy
The U.S. Treasury will host a public meeting of the Financial Literacy and Education Commission (FLEC) on July 27, 2026. Chaired by Secretary Scott Bessent, the meeting will focus on advancing digital financial literacy and education.
Politics and GovernmentBusinessFederal GovernmentEconomyEducation U.S. TreasuryFinancial Literacy and Education CommissionScott BessentDigital Financial LiteracyFinancial EducationWashington D.C.Public MeetingUS Treasury