United States Department of the Treasury
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politics Mar 13, 2026, 1:29 AM
US eases sanctions on Russian oil amid Iran war chaos - The US Treasury has authorized countries to purchase Russian oil currently stranded at sea to stabilize energy markets affected by the Iran war.
- This temporary measure, lasting until April 11, is designed to reduce oil price fluctuations that have emerged due to geopolitical tensions.
- Regulatory differences are emerging, as the UK government maintains its sanctions on Russia, diverging from US policy amidst rising oil prices.
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politics Mar 6, 2026, 8:11 AM
US grants India waiver to buy Russian oil amid Middle East crisis - US Treasury Secretary Scott Bessent issued a 30-day waiver for India to purchase stranded Russian oil amidst ongoing tensions in the Middle East.
- The Strait of Hormuz's closure has left millions of barrels of oil stranded, creating potential energy supply issues for India.
- The waiver is aimed at alleviating immediate pressures on global oil supplies without significantly benefiting Russia financially.
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politics Mar 4, 2026, 4:17 PM
US set to increase import tariffs to 15% - The US Supreme Court recently struck down previous global import tariffs, prompting new actions from the government.
- Scott Bessent announced a potential increase in the global tariff from 10% to 15%, intending to bolster domestic manufacturing and trade balance.
- The increased tariffs could significantly impact international trade relations and firm refunds across the country.
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politics Feb 9, 2026, 8:08 AM
Bessent warns of severe loss if Trump’s tariff authority is revoked - Treasury Secretary Scott Bessent highlighted the significance of President Trump's emergency tariff powers in negotiations.
- Research indicates that tariffs have cost American households an average of $1,000 last year, escalating to $1,300 this year.
- Bessent warns that revoking these powers would result in a tremendous loss for the U.S. in geopolitical negotiations.
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politics Feb 9, 2026, 1:00 AM
China limits bank investments in US Treasuries amid growing risks - China has advised its banks to reduce exposure to US government debt due to increased market risks.
- This guidance follows a trend of diminishing US Treasury holdings by China and other BRIC nations.
- The move raises questions about the future of US Treasuries and the dollar's position in global finance.
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politics Feb 6, 2026, 3:24 PM
Donald Trump files $10 billion lawsuit against his own government - Trump's $10 billion lawsuit against the IRS and Treasury Department has raised concerns about conflicts of interest due to his position as president.
- Experts and former federal officials are warning about the potential threat this legal action poses to the integrity of the courts.
- The lawsuit has sparked debate over its implications for the justice system and potential taxpayer consequences.
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politics Jan 29, 2026, 10:56 PM
Trump administration eases sanctions on Venezuelan oil industry post-Maduro capture - The U.S. has authorized limited oil transactions involving Venezuela's government and PDVSA to stimulate investment.
- Sanctions on the oil industry remain for entities from countries like Russia and China.
- This move signals a potential recovery for Venezuela's oil sector and an expansion of U.S. energy production interests.
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politics Jan 27, 2026, 3:34 PM
Pubs demand more as government announces only 15% business rates relief - Pubs and music venues in England will receive a 15% discount on their business rates from April.
- The government’s support package follows severe backlash over increasing business rates that could force many establishments to close.
- Industry leaders and MPs call for more comprehensive reforms to the business rates system to ensure the long-term viability of pubs and music venues.
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politics Jan 26, 2026, 5:29 PM
Contractor imprisoned for leaking Donald Trump's tax information - The U.S. Treasury Department ended contracts with Booz Allen Hamilton due to a major data breach.
- A former IRS contractor, Charles Edward Littlejohn, was imprisoned for leaking tax information about wealthy individuals, including Donald Trump.
- The cancellation of contracts reflects ongoing efforts to protect sensitive data and restore trust in government operations.
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politics Jan 11, 2026, 1:00 AM
Trump claims control over Venezuelan oil funds to advance U.S. objectives - President Donald Trump signed an executive order blocking claims against Venezuelan oil revenue held by the U.S. Treasury.
- This move is viewed as an attempt to leverage Venezuelan oil resources to further U.S. foreign policy goals in the region.
- The decision could have significant ramifications for U.S.-Cuba relations as Trump declared that Cuba will receive no oil or money from Venezuela.
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politics Dec 16, 2025, 10:43 AM
Supreme Court ruling on tariffs poses national security risks - Scott Bessent revealed that the Supreme Court will decide on the legality of tariffs and select a new Federal Reserve chair in January 2026.
- The ongoing legal cases assess presidential authority under the International Emergency Economic Powers Act to impose these tariffs.
- The outcome of these decisions is expected to have significant implications for both the economy and national security.
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politics Dec 9, 2025, 9:52 AM
Democrats aim to stop Trump coin minting amid controversy - Senators Jeff Merkley and Catherine Cortez Masto have proposed a bill to prohibit minting coins with living presidents.
- The proposal comes following the U.S. Mint's announcement to create a $1 coin featuring Donald Trump for the 250th anniversary of the United States.
- Political leaders argue that featuring living presidents on currency undermines democratic values, but the bill faces challenges in Congress.
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business Dec 8, 2025, 2:15 PM
U.S. expects 3% GDP growth despite economic turbulence - Treasury Secretary Scott Bessent predicts a 3% GDP growth for the U.S. economy in 2025.
- Economic volatility has affected growth, including a 0.6% contraction in the first quarter.
- There is optimism around recovery, with GDP growth increasing by 3.8% in the second quarter.
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politics Dec 2, 2025, 4:22 PM
Congress demands full release of Jeffrey Epstein files - Congress passed the Epstein Files Transparency Act in November 2025, mandating the Justice Department to release documents related to Jeffrey Epstein.
- Lawmakers are pressing for a status update on the release of these files, highlighting the importance of transparency in investigations.
- The act aims to provide victims and the public with critical information about Epstein’s extensive criminal activities and the individuals involved.
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politics Nov 28, 2025, 5:09 PM
Scott Bessent ends federal benefits for illegal immigrants - Treasury Secretary Scott Bessent announced plans to eliminate federal benefits for illegal immigrants under Trump's directive.
- The new regulations will clarify that certain tax credits are considered federal public benefits not accessible to illegal immigrants.
- This initiative aims to protect taxpayer resources and strengthen the integrity of the financial system in the U.S.
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business Nov 27, 2025, 11:39 PM
Millions of jobs could be lost to AI automation in the UK - Over 2 million jobs in key UK sectors are forecasted to be at risk from AI automation in the next decade.
- The OBR suggests that while some jobs may be lost, new opportunities could emerge, with unemployment decreasing to 4.1%.
- The growing necessity for AI literacy among workers represents a significant challenge for educational institutions in preparing students for the evolving job market.
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business Nov 26, 2025, 6:03 PM
Mortgage rates drop as Fed hints at potential rate cuts - The average long-term mortgage rate decreased from 6.26% to 6.23%, ending a recent increase.
- Current economic conditions and the Fed's interest rate cuts influence mortgage rates.
- Despite the drop in rates, uncertainty keeps many potential buyers from purchasing homes.
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politics Nov 26, 2025, 1:00 AM
Scott Bessent completes Fed chair interviews ahead of Trump's decision - Scott Bessent finished interviewing candidates for the Federal Reserve chair position, narrowing down the pool to five contenders.
- President Trump is expected to make a decision on the next chair by Christmas, as indicated by Bessent's comments.
- The selection of a new Fed chair could significantly influence U.S. monetary policy and economic direction.
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politics Nov 17, 2025, 1:00 AM
Trump admin blames mass immigration for rising beef prices - Treasury Secretary Scott Bessent has attributed rising beef prices to diseased cattle linked to mass immigration.
- Experts dispute Bessent's claim regarding immigrants bringing diseased cattle, highlighting long-term droughts and dwindling cattle herds as significant factors.
- Public reactions have ridiculed the statements, showcasing skepticism toward the administration's linking of immigration to economic issues.
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politics Nov 12, 2025, 10:07 PM
U.S. Mint halts penny production as costs skyrocket - The U.S. Mint discontinued the production of one-cent coins due to high production costs.
- The final two pennies were minted at a ceremony in Philadelphia.
- This decision reflects a modernization of currency management in response to changing consumer habits.
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2026 All rights reserved
2026 All rights reserved