Ongoing probes examine declared currency movements and potential fraud links. The Department of the Treasury, Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), and Homeland Security Investigations…
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Scott Bessent, Secretary of the Treasury
Scott Bessent, Secretary of the Treasury
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U.S. Mint Releases 2026 Coin Designs for America’s 250th Anniversary
The coins will feature patriotic themes, replacing the previously approved images based on diversity, equity, inclusion, and suffrage. The U.S. Mint released renderings of the patriotic designs for…
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Treasury Secretary Responds to Governors Blocking Tax Cuts
He calls the block “political obstruction.” Treasury Secretary Scott Bessent responded to the refusal of the governors of the states of New York, Colorado, Illinois, and the District…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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Federal Charges Filed in Alleged $90M Employment Tax Scheme
Prosecutors say an Orange County staffing network withheld payroll taxes and used the funds for personal gain. Federal authorities have charged the owner of a Southern California staffing…
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U.S. Sanctions Target North Korean Cyber Networks Funding Weapons Programs
The Treasury Department designates individuals, banks, and companies accused of laundering money for North Korea’s weapons and cyber operations. The Department of the Treasury’s Office of Foreign Assets…
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Treasury Department Launches Audit of Federal Contracting Practices
The review focuses on the potential misuse of small-business contracting programs. The Department of the Treasury recently announced a comprehensive audit of preference-based federal contracts totaling about $9…
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Bill to Withhold Legislator Pay During Shutdown Introduced in Congress
Representative Steil and Senator Kennedy seek to stop the income of House and Senate members if the government isn’t funded. Senator John Kennedy of Louisiana and Congressman Bryan…
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Treasury Department Sanctions International Human-Smuggling Network
OFAC targets the Bhardwaj Organization and associated companies linked to migrant smuggling and financial crimes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has…
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