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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President Announces Funding for Farm Subsidies
USDA secretary says the bridge funding “is absolutely necessary based on where we are right now.” President Donald Trump announced subsidies for farmers on Monday who are struggling…
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President Takes Steps to Designate Muslim Brotherhood as FTO
The order places sanctions against group chapters in Lebanon, Jordan, and Egypt. President Donald Trump signed an executive order last week, beginning the process of designating certain chapters…
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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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Treasury Department Announces Exchange Agreements with Thailand and Malaysia
They jointly confirm the continued “close consultations on macroeconomic and foreign exchange matters.” After Treasury Secretary Scott Bessent’s recent trip to Asia, the U.S. Department of the Treasury…
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U.S. Treasury Sanctions Russian Oil Companies
The administration responds to President Putin’s lack of good faith in negotiating for peace in Ukraine. Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on…
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Treasury Secretary Meets with China’s Vice Premier
The two leaders discussed ways to improve trade and reduce tariffs. U.S. Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in Kuala Lumpur ahead of…
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U.S. Treasury Conducts $20 Billion Bailout of Argentina’s Peso
Treasury secretary said, “Argentina faces a moment of acute liquidity.” Treasury Secretary Scott Bessent recently announced that the United States has supported the Argentine Peso with a $20…
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U.S. and U.K. Target Southeast Asia Cybercrime Networks
The Treasury Department reports that U.S. citizens have lost more than $16.6 billion in online investment scams in recent years. The U.S. Department of the Treasury’s Office of…
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