Treasury expands bank data-sharing rules tied to Trump immigration crackdown

NEW YORK — The Treasury Department moved Friday to enlist the nation’s banks more deeply in President Donald Trump’s immigration crackdown, including issuing fresh guidance that lets banks rapidly share information about suspected customers and an advisory steering them to flag signs that one of their customers may lack legal immigration status. These changes are … Read more

Texas overtakes California as ‘America’s center of gravity,’ claims Treasury Sec Bessent

Chuck DeVore on why Texas lures Fortune 500 companies Chuck DeVore, former California Assembly member, details the business exodus from California to Texas, emphasizing that lower taxes and regulations are key attractants for Fortune 500 companies. He contrasts Texas’s pro-business attitude with California’s challenging environmental laws and lawsuit climate, citing delayed infrastructure projects like the … Read more

Texas overtakes California as ‘America’s center of gravity,’ claims Treasury Sec Bessent

Chuck DeVore on why Texas lures Fortune 500 companies Chuck DeVore, former California Assembly member, details the business exodus from California to Texas, emphasizing that lower taxes and regulations are key attractants for Fortune 500 companies. He contrasts Texas’s pro-business attitude with California’s challenging environmental laws and lawsuit climate, citing delayed infrastructure projects like the … Read more

Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover, source says

The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and … Read more

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

WASHINGTON — Treasury Secretary Scott Bessent refused to say Wednesday whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies. “There’s continuing litigation, and I’m unable to comment on ongoing litigation,” Bessent told … Read more

Bessent readies Trump $250 bill as one big hurdle stands between Treasury and making it reality

NEWYou can now listen to Fox News articles! The Treasury Department is preparing a $250 note bearing President Donald Trump’s portrait for the nation’s 250th anniversary, but the bill can only move forward only if Congress changes federal law barring living people from U.S. currency. “It’s all up on Capitol Hill. At Treasury, we prepare … Read more

CodePink’s Medea Benjamin confirms getting ‘serious’ Treasury Department query over Cuba trip

NEWYou can now listen to Fox News articles! CodePink co-founder Medea Benjamin publicly confirmed for the first time that her organization received an inquiry from the Treasury Department’s Office of Foreign Assets Control (OFAC), seeking detailed information about its March trip to Cuba. The inquiry, which is often called an administrative subpoena, comes as the … Read more

CodePink’s Media Benjamin confirms getting ‘serious’ Treasury Department query over Cuba trip

NEWYou can now listen to Fox News articles! CodePink co-founder Medea Benjamin publicly confirmed for the first time that her organization received an inquiry from the Treasury Department’s Office of Foreign Assets Control (OFAC), seeking detailed information about about its March trip to Cuba. The inquiry, which is often called an administrative subpoena, comes as … Read more

Treasury Department is weighing a $250 bill with Trump’s image

The Treasury Department is considering issuing a $250 bill featuring President Trump, though any such banknote would require a change in federal law, an agency official told CBS News. The bill’s development, first reported by the Washington Post on Thursday, comes in response to legislation proposed last year by Rep. Joe Wilson, a Republican from … Read more

GOP lawmakers urge Treasury to press ahead with probe of Hasan Piker over Cuba trip

NEWYou can now listen to Fox News articles! Republican lawmakers are cheering on the Treasury Department’s investigation into whether Marxist political influencer Hasan Piker broke any laws on his recent trip to Cuba, while a Jewish advocacy group asked the Justice Department to probe the Twitch streamer for allegedly serving as an unregistered agent for … Read more