She stated the court should not “function as Treasury’s de facto human resources officer.” Judge Jeannette Vargas of the Southern District of New York ruled to allow DOGE…
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State Department Places Additional Sanctions on Chinese and Iranian Entities
The administration imposes secondary sanctions for the third straight day. The United States has imposed more sanctions this week against third parties who allegedly advanced Iran’s nuclear weapons…
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House Considers Plan to Raise Debt Ceiling
Treasury secretary encourages the $4 trillion increase before the House recesses. The House majority unveiled a proposal to raise the federal debt ceiling by $4 trillion this week,…
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Judge Temporarily Blocks President’s Order Ending Collective Bargaining
Treasury Department also sues federal workers union to end collective bargaining for IRS employees. District Judge Paul Friedman temporarily blocked the implementation of President Donald Trump’s executive order…
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Treasury Secretary Responds to Economic Forecast Downgrade
He said the IMF is “failing to critique the countries that need it most.” Treasury Secretary Scott Bessent spoke to the Institute of International Finance this past week,…
Read MoreTreasury Hosts IMPACT Exchange to Address Iran’s Illicit Financial Networks
U.S. Treasury collaborates with major banks and law enforcement to block Iranian sanctions evasion. U.S. Treasury Secretary Scott Bessent convened leaders from 16 major global financial institutions along…
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IRS Official Steps Down Over DOGE Access to Information
DOGE officials to create a tech bridge that allows software systems to cross-reference data. Acting Internal Revenue Service (IRS) Commissioner Melanie Krause stepped down this week citing the…
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President Trump Pauses Tariffs on Most U.S. Trading Partners
Keeps 125% tariff in place with China after they retaliated with an increase. On Wednesday, President Donald Trump dropped the tariffs on the majority of U.S. trading partners…
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Labor Secretary Returns $1.4 Billion in Unused COVID Funding to Treasury
The department returned the money to the general fund to finance the federal government. The Department of Labor recently announced that it returned $1.4 billion in unused funding…
Read MoreTreasury Secretary Tells Countries Not to Retaliate over Tariffs
President Trump stopped short of fully reciprocal tariffs since “it would have been tough for a lot of countries.” As President Trump implemented tariffs on products from dozens…
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