The department explained, “Operation Economic Outcast is severing the remaining economic lifelines that sustain the Iranian regime.” The Department of the Treasury announced that, as part of Operation Economic…
Read MoreTreasury Secretary Bessent
Treasury Secretary Discusses Outcome of G20 Finance Meeting
He addressed the lone dissent of China from the consensus on the economic imbalance caused by cheap exports. Treasury Secretary Scott Bessent attended the G20 Finance meeting in…
Read More
Treasury and IRS Propose Rules to Safeguard Refundable Tax Credits
The agencies seek to strengthen enforcement of the legal prohibitions against ineligible aliens receiving benefits. The Department of the Treasury and the Internal Revenue Service (IRS) issued proposed…
Read More
U.S. Launches “Operation Economic Outcast“ Against Islamic Republic
The treasury secretary called it Iran’s “economic D-Day,” referencing the historic World War II campaign. The Departments of State, Treasury, Justice, and Defense are collaborating on “Operation Economic…
Read More
U.S. Mint Releases Semiquincentennial Dollar Coin Designs
The mint director said the coin designs “commemorate America’s Semiquincentennial through its depiction of America’s past, present and future.” The U.S. Mint announced the designs of the nation’s…
Read More
Administration Responds to National Debt Hitting $40 Trillion
Treasury Secretary Bessent said that U.S. economic growth needs to outpace the debt. Treasury Secretary Scott Bessent said that the way out of the national debt, which passed…
Read MoreU.S. Pledges Economic Isolation of Islamic Republic
The president indicated a shift away from military force while increasing economic pressures. President Donald Trump’s administration is increasing the economic pressure on Iran. Treasury Secretary Bessent spoke…
Read More
Treasury Secretary Urges Banks to Safeguard U.S. Financial System
Banks are encouraged to help fight fraud perpetrated by illegal immigration in the U.S. Treasury Secretary Scott Bessent is implementing President Trump’s executive order regarding the role of banks in enforcing…
Read More
President Trump Says Naval Blockade Remains as Iran Talks Cease
The Islamic Republic has threatened an attack on the U.S. naval blockade. President Donald Trump responded to Tehran’s claim of shifting from a defensive posture to a “fully…
Read More
Treasury Continues to Remove Sanctions Under Modernization Initiative
OFAC also announced the launch of a Reconsideration Portal for persons or property on the sanctions list. The Department of the Treasury’s Office of Foreign Assets Control (OFAC)…
Read More