The U.S. Treasury Department on Friday imposed sanctions against one of China’s “teapot refineries,” run by a company called Hengli Petrochemical in the port city of Dalian, for buying Iranian oil.
Treasury Secretary Scott Bessent testifies before the Senate Appropriations Subcommittee on Financial Services and General Government on Wednesday, April 22.
The suspected leader of one of Ireland’s largest criminal gangs was arrested in Dubai on Wednesday and is expected to face charges in his native country.
The U.S. Department of the Treasury has identified two cartel-connected groups in the border state of Tamaulipas, as well as three of their main operators. As part of the move, the U.S. government is freezing any related accounts and prohibiting U.S. citizens from doing business with the sanctioned individuals.
The U.S. Government publicly identified the main operator behind a cartel propaganda network that benefited one of Mexico’s most violent terrorist organizations. The man claimed to be a human rights activist. Numerous international news outlets routinely quote that individual, further pushing his pro-cartel propaganda.
A federal judge on Tuesday tossed an agreement from President Donald Trump’s Internal Revenue Service (IRS) that would have created an exemption to the Johnson Amendment and allowed churches to endorse political candidates to their congregations without risking their tax-exempt status.
Treasury Secretary Scott Bessent stated that the Trump administration has received more than 700 tips through a Treasury Department reporting portal as the department announced new steps aimed at uncovering fraud involving Medicare, Medicaid, and other government healthcare programs.
The Department of Education (ED) took a “historic” step of winding down its operations by shifting student lending to the Department of the Treasury.
Mexican military forces clashed with several gunmen from the Sinaloa Cartel, killing 11 of them. The shootout came as a result of a series of raids in a luxurious suburb of Culiacan, where forces arrested the daughter of jailed cartel kingpin Ismael “El Mayo” Zambada. Hours later, Mexican authorities released the woman despite U.S. authorities having identified her in the past as a money laundering operator for the cartel.
Republican Study Committee (RSC) and Congressional Real Estate Caucus members, led by Rep. Mark Alford (R-MO), are transmitting a letter Friday morning to Treasury Secretary Scott Bessent, urging the department to use existing authority to index capital gains calculations to inflation, arguing the change could be implemented administratively without requiring new legislation.
The U.S. Department of the Treasury has announced a series of sanctions against a resort in Mexico tied to timeshare scams run by the terrorist organization Cartel Jalisco New Generation. In response to the move by U.S. financial authorities, Mexico’s government has also frozen assets and imposed sanctions on the same resort and its operators.
The U.S. Department of the Treasury had previously identified and sanctioned the exclusive resort cabins in Jalisco where the terrorist leader Ruben Nemesio “El Mencho” Oseguera Cervantes had been hiding. The revelation highlights the impunity with which the drug boss operated in Mexico, where he felt safe staying in an area that had been identified by authorities since 2020.
Senate Republicans on Tuesday urged the Treasury Department and the United States Trade Representative (USTR) to combat illegal Chinese e-cigarettes.
WASHINGTON—President Donald Trump forecasted at Wednesday’s Trump Accounts Summit that the investment accounts will “put $3-$4 trillion of wealth into the hands of young Americans” over the next 15 years.
President Donald Trump speaks at the Trump accounts summit in Washington, DC, on Wednesday, January 28.
Breitbart News speaks with members of the Trump White House and lawmakers at a summit to detail the Trump accounts on Wednesday, January 28.
“Acting President” of Venezuela Delcy Rodríguez on Monday responded to “irrelevant and offensive statements” from Treasury Secretary Scott Bessent by asserting Venezuela “does not accept orders from any external factor.”
“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.
