Treasury Department Approves Banking Charter for Witkoff, Crypto Company Owned by Trump Family
On Friday, the U.S. Treasury Department announced that it has granted a new banking license to World Liberty Financial, which is seen as a major event in the financial landscape, especially considering the aftermath of the 2008 financial collapse. This new charter, issued by the Office of the Comptroller of the Currency (OCC), has stirred […]
Treasury Secretary Bessent Warns U.S. Will Impose Unprecedented Measures on Iran
Trump to Intensify Economic Pressure on Iran President Donald Trump is gearing up for new actions next week, significantly ramping up his campaign of “economic anger” towards Iran, as warned by Treasury Secretary Scott Bessent on Thursday. Bessent noted that these measures, coupled with a U.S. naval blockade aimed at restricting goods in and out […]
Treasury introduces a program to encourage whistleblowers to report fraud directly.
New Whistleblower Program Unveiled by U.S. Treasury Americans may soon benefit from a new initiative aimed at exposing misconduct, as the Treasury Department under President Donald Trump prepares to launch a whistleblower payment program. The Treasury has set up an online tip line to encourage citizens to report allegations of wrongdoing directly to the administration. […]
Treasury Department Halts Close to $100 Million in Payments to Deceased Individuals
U.S. Treasury Suspects Fraud, Blocks Payments to Deceased Individuals Last year, the U.S. Treasury halted around $100 million in federal payments to individuals who had passed away. This move followed the introduction of a payment verification system across government agencies. The Treasury’s fiscal bureau examined 885 million payments, totaling roughly $2.7 trillion, uncovering instances where […]
Chinese AI companies that copy US models may encounter sanctions, warns Treasury Secretary Scott Bessent.
Concerns Over AI Models and Potential Sanctions Treasury Secretary Scott Bessent expressed concerns on Tuesday about the possibility of imposing sanctions on a Chinese AI company if evidence emerges showing that its open-source AI models were developed using stolen data from U.S. laboratories. “We’re in favor of an open source model, but not when it […]
Jamie Dimon alerts that stock market and Treasury bond risks are underestimated
Jamie Dimon on Investment Caution Amid Market Uncertainties In a recent interview, Jamie Dimon, the CEO of JPMorgan Chase & Co., expressed his reluctance to invest in stocks or long-term government bonds at the moment. He shared that he feels investors might not be fully aware of the potential risks that could disrupt both the […]
Treasury halts $99M in incorrect payments issued to deceased individuals
JD Vance on Cheating Concerns Vice President J.D. Vance is emphasizing the need to combat widespread fraud to safeguard taxpayer dollars and ensure vital programs, such as Social Security, serve those who really need them. On Tuesday morning, the Treasury announced new measures aimed at preventing improper government payments for deceased individuals, thereby reducing waste […]
Treasury prevented almost $100 million in taxpayer funds from being paid to deceased individuals.
Treasury Department Averts Nearly $100 Million in Payments to the Deceased Last year, the U.S. Treasury Department implemented a payment verification system aimed at preventing taxpayer money from reaching deceased individuals. So far, it has successfully stopped nearly $100 million from going to the dead. The Treasury and its Fiscal Service reviewed a staggering 885 […]
U.S. Treasury Names Two Additional Mexican Cartels as Foreign Terrorist Groups
U.S. Treasury Designates Two More Mexican Cartels as Foreign Terrorist Organizations The U.S. Treasury Department has officially designated two additional Mexican drug cartels as foreign terrorist organizations. With this action, the total number of cartels recognized as foreign terrorist organizations by the U.S. reaches eight. This week, the Office of Foreign Assets Control announced that […]
Liberals react strongly after the Treasury reveals a $1 gold coin featuring Trump’s image for the 250th anniversary.
Treasury Unveils Gold Coin with Trump’s Image for 250th Anniversary Treasury Secretary Scott Bessent has announced that a gold coin featuring President Donald Trump’s likeness will be produced to mark the 250th anniversary of the United States. The coin depicts Trump’s portrait and includes the phrases “In God We Trust” and “1776-2026” to honor this […]