Us Treasury News - Latest Updates & Headlines
It's about bad actors: US Treasury Secy on tariffs hike on China, says India 'front' in trade negotiations
Washington DC, April 10: US Secretary of the Treasury Scott Bessent on Wednesday (local time) addressed the immediate increase in tariffs of 125 per cent on China, stating that the issue is not just about the country but also about "bad actors" in global trade during a press briefing at the White House.
Trump asks US Treasury Dept to stop production of pennies, says Rip waste out of our great nation's budget.
Washington, DC, February 10: United States President Donald Trump has announced that Washington DC will stop minting pennies, citing their high production cost, which exceeds their face value and termed the practice "wasteful."
US Treasury Department assures security of payment system after backlash over Musk's DOGE access
Washington DC, February 5: The US Department of the Treasury on Tuesday clarified that it is neither halting nor denying federal spending and remains committed to protecting the nation's payment infrastructure, according to a report by the New York Times.
US sanctions Chinese company and individual over cyberattacks
Washington DC, January 19: The Biden administration made one last effort to reveal what they claim is a widespread Chinese cyber-espionage operation. They identified a company and an individual they say were responsible for two major hacks targeting senior US officials, as reported by CNN.
US sanctions leader of Sudanese Armed Forces over war crimes, humanitarian crisis
Washington DC, January 17: The US Department of Treasury on Thursday sanctioned Abdel Fattah Al-Burhan, the leader of the Sudanese Armed Forces (SAF).
US Treasury Secretary-designate criticises China's economic practices, proposes sanctions on Iran
Washington DC, January 17: The US Treasury Secretary-designate Scott Bessent on Thursday emphasised the need to balance free trade with fair trade, noting that the current global trade dynamics have heavily impacted American workers.