Treasury Department

Stories 1 - 20 |  Next >>

Report: Trump May Drop IRS Suit in Return for Payouts to Allies

Sources tell ABC that plan would steer taxpayer money to Capitol rioters, among others

(Newser) - President Trump is preparing to drop his $10 billion lawsuit against the IRS in return for possible federal handouts to Capitol rioters, among others, insiders say. Sources tell ABC News that Trump is seeking a new $1.7 billion federal fund that would pay people who say they were harmed...

US Threatens Shippers on Paying Iran's Tolls at Strait

Sanctions could be imposed, notice says

(Newser) - The US has warned commercial shippers that paying Iran to move through the Strait of Hormuz could expose them to sanctions. In a notice issued Friday, the Treasury Department's Office of Foreign Assets Control said that American individuals and companies are generally barred from making payments to Iranian government...

US Mint Sells Gold Coins With Murky Origins
US Mint Sells Gold Coins
With Murky Origins
in case you missed it
May 2, 2026 5:50 AM CDT

US Mint Sells Gold Coins With Murky Origins

Investigation traces cartel-tainted foreign gold that gets minted into US coins

(Newser) - Those shiny "American" gold coins from the US Mint may have a far murkier backstory than buyers are led to believe. A New York Times investigation by Justin Scheck, Simón Posada, and Federico Rios finds that bullion legally required to be newly mined in the United States is...

Navy Fired On, Seized Iranian Ship, Trump Says

State media reports government hasn't agreed to resume talks with US

(Newser) - US forces have taken control of an Iranian-flagged vessel in the Gulf of Oman, President Trump posted Sunday, after firing on the ship when it tried to move through an American blockade. Trump said the Touska's crew did not comply with orders to stop, "so our Navy ship...

Most Americans Don't Want Trump's Name on Their Bills

Poll finds 59% disapprove of the move

(Newser) - Americans aren't exactly clamoring to see Donald Trump's name in their wallets. A new Economist/YouGov poll finds 59% of respondents either somewhat or strongly disapprove of adding the former president's signature to all US paper currency, a plan the Treasury Department revealed in March as part of...

Trump's Car-Loan Tax Break Isn't Proving Very Popular

Complex rules, small savings blamed for weak taxpayer interest

(Newser) - President Trump's auto-loan interest tax perk is sputtering out of the gate. The new deduction, which lets taxpayers write off up to $10,000 in car-loan interest, has been claimed by just over 1.1 million filers as of April 8—far fewer than expected and a fraction of...

US Removes Sanctions on Venezuelan Leader
US Lifts Sanctions
on Rodríguez
Apr 1, 2026 5:10 PM CDT

US Lifts Sanctions on Rodríguez

Venezuela's acting president expresses hope for improved relations

(Newser) - The US lifted sanctions on acting President Delcy Rodriguez of Venezuela on Wednesday, according to an Office of Foreign Assets Control entry on the Treasury Department website. The sanctions relief represents a strong signal, the AP reports, that the US recognizes Rodriguez as a legitimate authority in Venezuela ever since...

Coming Soon to Currency: Trump's Signature

It's a first for a sitting president

(Newser) - For the first time, a sitting US president's signature will appear on American paper money. The Treasury Department announced Thursday that President Trump's name will go on all denominations of US currency, per the AP . The change ends a run dating to 1861 of displaying only the treasurer'...

Trump Shifts Student Loan Debt From Education to Treasury

Change affects almost 6M borrowers, effective immediately

(Newser) - The Trump administration has moved a major piece of the federal student loan system out of the Education Department and into the Treasury Department, shifting oversight of collections on defaulted loans effective immediately. Under an interagency agreement announced Thursday, the Washington Post reports, Treasury will take over the Default Resolution...

Trump, Sons Sue IRS, Treasury for $10B

Family alleges IRS failed to prevent leak

(Newser) - President Trump is taking his fight over his tax returns to court—against his own government. The POTUS, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization have filed a federal lawsuit in Miami accusing the IRS and the Treasury Department of failing to safeguard their confidential...

Treasury Drops Booz Allen After Trump Tax Return Leak

Bessent announces deals for $4.8M a year are off

(Newser) - The consulting giant at the center of the Trump tax-return leak has been dropped by the Treasury Department. Secretary Scott Bessent on Monday said the department has canceled all of its contracts with Booz Allen Hamilton after a former employee stole and leaked confidential tax data for President Trump and...

Last Batch of Pennies Could Bring Millions at Auction

Five coins with special marks will be bid on by collectors

(Newser) - The final batch of US pennies, minted on Wednesday, could soon become among the most valuable coins in the nation's history, with experts predicting they could fetch up to $5 million each at auction. The historic event took place at the US Mint in Philadelphia, with Treasury Secretary Scott...

Treasury Staffers Get Warning as WH Ballroom Build Begins

Treasury employees, whose offices are next to White House, told no pictures during East Wing demolition

(Newser) - The Treasury Department has directed its employees to avoid photographing or sharing images of construction at the White House's East Wing, following a wave of viral photos showing demolition for President Trump's planned $250 million ballroom. Treasury staff, whose offices neighbor the site, received an internal email warning...

Treasury Defends Plans for $1 Trump Coin

Department argues 1866 law doesn't apply in this case

(Newser) - The Treasury Department is defending its decision to mint a $1 coin featuring President Trump's likeness on both sides, brushing off critics who say the move flouts a Civil War-era law that bars living people from appearing on American money. The controversy erupted after draft designs for the...

DOGE Gets the OK to Access Sensitive Federal Data
DOGE Scores Another Court Win
Aug 13, 2025 8:19 AM CDT

DOGE Scores Another Court Win

Judges allow review of Americans' data from Treasury, Education Departments

(Newser) - A federal appeals court has ruled that teams from the Department of Government Efficiency can tap into sensitive databases at several federal agencies, reversing a previous block on their access . The 2-1 decision Tuesday by the Fourth Circuit Court of Appeals permits DOGE to retrieve information from the Treasury...

US Hits 'Narco-Rapper' With Sanctions, Cartel Accusations

Government says El Makabelico launders money for CDN

(Newser) - The Trump administration said Wednesday it was sanctioning Mexican musician Ricardo Hernández, known as "El Makabelico," over allegations that the artist was laundering money for a drug cartel. The administration has stripped the visas of some of Mexico's most famous musicians, targeting those whose work explores...

Bessent Talks 'Backdoor for Privatizing Social Security'

Treasury secretary's description of 'Trump accounts' ignites some debate

(Newser) - Treasury Secretary Scott Bessent sparked debate Wednesday by describing the newly unveiled Trump accounts as a potential game-changer for retirement savings—and a "backdoor for privatizing Social Security." The tax-deferred savings accounts, introduced under President Trump's recent tax law, allow parents to invest up to $5,...

IRS Mulls Dropping Multilingual Tax Help

Plan could end translations, phone interpreters, non-English tax forms

(Newser) - The IRS is weighing a plan to phase out tax services offered in languages other than English, according to documents reviewed by the Washington Post and sources familiar with the discussions. This move follows an executive order from President Trump that declares English the official language of the US,...

The 'Go-Broke Date' for Social Security Is Moved Up

Funds are set to run dry sooner than expected

(Newser) - Social Security and Medicare are heading toward financial trouble sooner than expected, according to new federal projections. The Treasury Department's latest reports show that Social Security's combined trust funds are now forecast to not contain enough money to pay full benefits in 2034—one year earlier than...

Judge Eases Block on DOGE Accessing Personal Information

One staff member can see the data, after he's trained, court rules in lawsuit

(Newser) - A New York judge has relaxed a ban she'd put on Elon Musk's Department of Government Efficiency preventing it from accessing sensitive Treasury Department information related to millions of Americans. Judge Jeannette Vargas said in a written opinion late Friday that one DOGE worker, Ryan Wunderly, can access...

Stories 1 - 20 |  Next >>
Most Read on Newser