The U.S. Department of the Treasury announced new New Markets Tax Credits (NMTC) awards for 2024 and 2025, emphasizing community revitalization and stricter compliance with anti-discrimination laws, while also increasing investments in rural areas to support hospitals, small businesses, and manufacturing. The reforms aim to focus the program on its core mission of job creation and community development, moving away from ideological priorities.
U.S. Treasury Secretary Scott Bessent, known for his market-savvy approach, has unexpectedly become a supporter of MAGA politics, highlighting the bipartisan nature of influence and policy within the Trump administration.
UK shadow chancellor Rachel Reeves and the Treasury are under investigation by the FCA for potential market abuse related to the Budget build-up, amid accusations of misleading the public about the country's finances and political spin affecting market stability.
Treasury Secretary Scott Bessent defended the $20 billion currency swap with Argentina during the government shutdown, emphasizing its importance for national security and global financial stability, despite questions from Senator Elizabeth Warren about private-sector involvement and the effectiveness of the aid.
The Treasury Department has restricted staff from sharing photos of the White House's East Wing demolition, which is part of a $250 million project to build a new ballroom funded by Trump and private donors, amid concerns over security and confidentiality.
The U.S. Treasury revealed a draft design for a $1 coin featuring Donald Trump to commemorate the 250th anniversary of American independence, sparking debate over its legality due to the depiction of Trump, which may violate laws against portraying living persons on currency. The final design has not yet been chosen, and further details are pending after the government shutdown ends.
The U.S. Treasury is considering minting a $1 coin featuring President Trump for the 250th anniversary of American independence, despite legal restrictions on depicting living presidents on currency. A draft design has been shared, and officials suggest Trump may see it soon, reflecting national spirit amid political challenges.
The US Treasury's gold reserves have surpassed $1 trillion in value due to record-high gold prices, driven by global economic uncertainties and investor demand, although the official accounting value remains much lower. The potential revaluation of reserves could significantly boost the Treasury's funds, but such a move would have broad financial implications. Most gold is stored at Fort Knox, with some conspiracy theories questioning its presence there.
Steve Bannon proposed that Treasury Secretary Scott Bessent should simultaneously lead the Treasury and the Federal Reserve, a suggestion quickly dismissed by the White House, with no current plans to consider such an arrangement.
Forward Industries has acquired nearly 7 million SOL tokens for $1.58 billion, establishing the largest publicly traded Solana treasury and marking a significant milestone in its strategy to benefit from the Solana blockchain ecosystem, with shares rising amid the news.
Nakamoto CEO David Bailey criticizes the confusing narrative around 'failed altcoins' in treasury strategies, emphasizing the importance of building and monetizing balance sheets with Bitcoin and other crypto assets, amid growing diversification beyond Bitcoin in corporate treasuries and concerns about the sector's stability.
The Treasury Department is set to share Epstein's financial records with Congress, potentially advancing investigations into Epstein's ties and the DOJ's handling of his case, amid ongoing political disputes over transparency and related documents.
Eightco Holdings surged 1000% after raising $250 million to adopt Worldcoin as its primary treasury asset, backed by a $20 million investment from BitMine, which holds the world's largest Ethereum treasury, signaling a strategic shift towards crypto assets and blockchain integration.
The U.S. Treasury could face the need to refund about half of the tariffs imposed since President Trump took office if the Supreme Court rules they were illegal, potentially costing tens of billions of dollars and impacting the government's credit rating, with officials expressing cautious optimism about the case's outcome.
The author anticipates that the Treasury may face a financial shock this month due to lower-than-expected tax payments, especially affecting seniors, and questions whether the Treasury is prepared for this situation.
