Scott Bessent, Secretary of the Treasury
Read MoreTreasury Department
U.S. Launches Strikes Against Iran After Attacks on Ships in Strait of Hormuz
The license for Iran to sell its oil has also been revoked. The U.S. military launched strikes against Iran after projectiles hit three commercial vessels in the Strait…
Read More
Trump Accounts Officially Launch on Independence Day
The individual retirement accounts are for eligible children born from 2025 through 2028. Trump Accounts officially launch on Saturday, July 4. The pilot program was instituted under the…
Read More
HHS Officials Announce Changes to Medical Billing Dispute Process
The updated rule seeks to streamline the No Surprises Act arbitration system and reduce administrative costs. Federal agencies finalized a rule updating the Independent Dispute Resolution (IDR) process…
Read More
First Lady and Treasury Secretary Announce Fostering the Future Accounts
Eligible newborns in foster care can participate in “Trump Accounts.” First Lady Melania Trump announced the launch of Fostering the Future Accounts this week alongside Treasury Secretary Scott…
Read More
OMB Reviews and Updates Grant Distribution Practices
The White House effort focuses on grant oversight, funding procedures, and federal award compliance measures. The Office of Management and Budget (OMB) is updating a rule for grant…
Read MoreTreasury Launches Mobile App for Child Investment Account Program
Families can start activating Trump Accounts before the July rollout and the first round of federal pilot deposits. The U.S. Department of the Treasury announced the nationwide release…
Read More
President Trump Signs Executive Order on AI
The order requests that AI companies voluntarily submit their newest models to the government for testing up to 30 days before their release. President Donald Trump signed an…
Read MoreWhite House Directs Banking Industry to Review Financial Risks Linked to Immigration Status
President Trump instructs agencies to assess fraud, lending, and compliance risks involving customer identification, and financial activity. President Donald Trump issued an executive order last week directing the…
Read More
Treasury Secretary Extends Waiver on Russian Sanctions
The waiver allowing the sale of Russian oil has been extended for another 30 days, and is expected to generate about $150 million per day. U.S. Treasury Secretary…
Read More