Treasury

US Imposes Massive Sanctions on Russia

The United States imposed massive sanctions on Russia as a result of its "lack of serious commitment to a peace process to end the war in Ukraine," the Treasury Department said.

Treasury Targets Iranian Petroleum

The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Iran's petroleum and petrochemical exports.

Treasury Floats Trump Coin for America’s 250th

The Treasury Department plans to mint a $1 coin of President Donald Trump to celebrate the nation's 250th birthday.

New Sanctions Clamp Down on ‘Politicized Persecutions’

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) placed sanctions on the Lex Instituto de Estudos Juridicos LTDA (Lex Institute) for its support of Brazilian Supreme Federal Court (STF) Justice Alexandre de Moraes.

IRS Releases Guidelines for ‘No Tax on Tips’

The Treasury Department and IRS released information surrounding the President Trump-backed policy of "no tax on tips."

Chinese Money Laundering Networks Linked to Mexican Cartels

The U.S. Department of the Treasury is intensifying efforts to crack down on global cartel financing, revealing that Chinese money laundering networks are working directly with Mexican drug cartels to move billions of dollars. The findings highlight a growing alliance between two of America’s most dangerous adversaries—China and the cartels fueling the fentanyl epidemic.

Tariff Revenue Reaches New High

Treasury Secretary Scott Bessent announced that tariff revenues exceeded $31 billion in August, a new high.

Trump’s $27 Billion Victory

The U.S. Treasury reported a $27 billion budget surplus for June 2025, credited to a sharp jump in tariff revenue.

Scott Bessent China Trade Strategy Targets United Economic Front

Treasury Secretary Scott Bessent reaffirmed the Trump administration’s economic strategy Wednesday, emphasizing plans for trade alliances with key partners to counter China while brushing off fears of a financial meltdown.

Trump Treasury Department Sanctions Sinaloa Cartel

The Trump administration is cracking down on the Sinaloa Cartel, a foreign terrorist organization, by imposing new sanctions on its money launderers and financial networks. Treasury Secretary Scott Bessent announced Monday that the Office of Foreign Assets Control (OFAC) is targeting six individuals and seven entities involved in laundering drug money for the cartel.

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