“The Iranian regime is engaged in a ritual of economic self-immolation,” Treasury Secretary Scott Bessent said Friday, as the Trump administration imposed new sanctions on Iran’s oil-export “shadow fleet” amid a widening crackdown on protesters and mounting U.S. pressure across the region.
Rep. Randy Feenstra has introduced legislation aimed at preventing individuals receiving public assistance from wiring money internationally, citing taxpayer abuse and recent high-profile fraud scandals as key motivations for the measure.
Treasury Secretary Scott Bessent announced sweeping new sanctions Thursday on senior Iranian officials and regime-linked financial networks, saying Tehran’s ruling elite are “rats fleeing the ship” as they frantically wire tens of millions of dollars out of the country amid mounting unrest.
The U.S. Treasury and State Departments designated several chapters of the Muslim Brotherhood terrorist organizations.
Argentina repaid the $2.5 billion it drew down from a $20 billion swap line that President Javier Milei signed with the administration of President Donald Trump, Secretary of the Treasury Scott Bessent announced over the weekend.
Cash payments will be waiting for whistleblowers who provide information related to Minnesota’s unfolding fraud scandal, U.S. Treasury Secretary Scott Bessent said Friday.
The United States has withdrawn from the Green Climate Fund and relinquished its seat on the fund’s board, according to a Treasury Department announcement describing the move as aligned with the Trump administration’s exit from the U.N. Framework Convention on Climate Change.
Iran is using Venezuela as a launching point in the Western Hemisphere to embed its drone pipeline closer to U.S. territory, the Center for a Secure Free Society (SFS) warned this week.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday imposed sanctions on four companies and four tankers aiding Venezuela’s socialist Maduro regime evade U.S. oil sanctions.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday imposed sanctions on ten individuals and entities for their role in weapons trades between Iran and Venezuela.
The U.S. Department of the Treasury announced an enforcement operation along the southwest border targeting more than 100 money service businesses (MSBs). The effort is the latest operation aimed at cutting off financial tools used by drug cartels.
The U.S. Department of the Treasury is moving against one of Mexico’s most violent cartels, responsible for numerous mass killings, in its effort to control the country’s fuel theft market. Unlike other drug cartels that earn most of their money
WASHINGTON—Treasury Secretary Scott Bessent said at a press conference on Wednesday at the Treasury Department that tax-advantaged Trump Accounts for America’s youth will be “transformative” in furthering financial literacy in response to a question from Breitbart News.
Minnesota’s leftist governor, Tim Walz (D), is apparently trying to manage the massive fraud case that has brought heavy criticism from government leaders.
Treasury Secretary Scott Bessent called Govs. Kathy Hochul (D-NY), Jared Polis (D-CO), and JB Pritzker (D-IL) the “Grinches Who Stole Christmas” for their states’ refusal to conform to President Donald Trump’s July 4 tax relief bill in a Wednesday social media post.
Treasury Secretary Scott Bessent announced that the Treasury Department was investigating reports that Minnesota taxpayer funds “may have been diverted to the terrorist organization” Al-Shabaab.
Treasury Secretary Scott Bessent explained on Meet the Press that the Office of Foreign Assets Control (OFAC) would remove eight persons from its sanctions list on Monday, arguing that the Europeans are the real “laggards” in sanctions on Russia.
The Treasury Department will issue a new rule that prevents illegal aliens and foreign nationals from securing income tax credits.
The U.S. Treasury Department has moved against a group of Albanian mobsters based in Mexico that worked with the Sinaloa Cartel to launder money through casinos and entertainment businesses. The move was coordinated with Mexican authorities, who began shutting down 13 casinos this week that had been transferring money to Romania, Switzerland, Malta, and the United Arab Emirates.
On Thursday’s broadcast of NewsNation’s “The Hill,” Joseph Lavorgna, Counselor to the Secretary of the Treasury Scott Bessent, stated that the 50-year mortgage proposal didn’t come from the Treasury Department and is “probably not an optimal approach.” Host Blake Burman
The final penny was produced at the U.S. Mint in Philadelphia on Wednesday.
Syrian President Ahmed al-Sharaa met with President Donald Trump at the White House, hoping to get sanctions lifted permanently.
Russian energy company Lukoil on Monday declared force majeure at West Qurna-2, a huge oilfield in Iraq. The Iraqi government has reportedly halted all payments to Lukoil due to U.S. sanctions imposed in October.
The U.S. Department of the Treasury outed and sanctioned a human smuggling organization based in Cancun that focused on moving the Middle East, Europe, Asia, and South America. The organization used yachts to move thousands of migrants into Mexico, from where it would work with other groups to get them to California.
Indian oil refiners were reportedly unhappy with Wednesday’s news that President Donald Trump imposed heavy sanctions on Russia’s two largest oil companies, Rosneft and Lukoil.
President Donald Trump announced Wednesday that his administration is raising sanctions on Russia in a pressure campaign to bring a close to the Russia-Ukraine war.
Treasury Secretary Scott Bessent on Wednesday called for the Senate Democrats to end the government shutdown, saying it “may start costing the U.S. economy up to $15 billion a day.”
Treasury Sec. Scott Bessent said U.S. job growth has slowed down in part due to two million illegals being deported or self-deporting.
Treasury Secretary Scott Bessent declared that the Trump administration “won’t negotiate” with China in response to stock market volatility, but because “we are doing what is best economically for the U.S.” after the Wall Street Journal reported otherwise.
Sen. Tom Cotton (R-AR) is asking President Trump’s Treasury Department to investigate illegal aliens accessing the U.S. banking system.
The U.S. Treasury is sharing draft images of a one-dollar commemorative coin featuring President Donald Trump in his iconic “fight” stance.
“The golden era is here,” Joe Lavorgna, counselor to Secretary Scott Bessent at the U.S. Department of Treasury, said during an appearance on Breitbart News Saturday, detailing the positive economic news and the execution of President Donald Trump’s economic vision.
Tax breaks will extend to people who do not even realize it yet, Joe Lavorgna, counselor to Secretary Scott Bessent at the U.S. Department of Treasury, said during an appearance on Breitbart News Saturday.
Reuters reported on Thursday that Chinese drone experts have visited Russia to work on military drones for IEMZ Kupol, a weapons manufacturer owned by the Russian government that was placed under sanctions by the U.S. government in 2023.
Two Republican congressmen are planning to introduce legislation that would honor Turning Point USA Founder Charlie Kirk by featuring Kirk’s image on thousands of silver dollar coins.
Mexican President Claudia Sheinbaum is defending a federal lawmaker from her own political party who was sanctioned by the U.S. Department of the Treasury for alleged ties to the Sinaloa Cartel. She dismissed the accusations as unproven and insisted Mexico would not investigate unless Washington provided concrete evidence.
The U.S. Department of the Treasury singled out several key leaders and businesses tied to the Mayos faction of the Sinaloa Cartel, including a former mayor in the Mexican state of Baja California. The move targets accounts and money laundering operations, including hotels, restaurants, and bars in the popular beach destination of Rosarito, Baja California.
House Oversight Committee Chairman James Comer (R-KY) and Rep. Anna Paulina Luna (R-FL) called on Treasury Secretary Scott Bessent to freeze the assets of billionaire Neville Roy Singham, citing allegations that the U.S. citizen living in China has funneled millions into extremist groups with ties to the Chinese Communist Party (CCP) and foreign terrorist organizations.
The U.S. Department of the Treasury is stepping up its efforts to identify the ways that drug cartels move their funds. Most recently, Treasury officials identified the presence of Chinese money laundering networks that are working with Mexican drug cartels and other criminal entities to move large sums of cash.
Treasury Secretary Scott Bessent told Breitbart News exclusively on Labor Day that President Donald Trump’s fulfilled “no tax on tips” campaign promise will significantly help American workers like the wait staff at the diner he visited on Monday.
