The Rising Cost of Minting Pennies and Nickels
Instructed by President Donald Trump, the US Treasury was urged to cease penny production due to burgeoning costs—each…
Trump’s Treasury nominee Bessent faces Senate scrutiny over taxes, trade, and deficits
WASHINGTON – President-elect Donald Trump’s pick for Treasury secretary, hedge fund manager Scott Bessent, vowed to maintain the…
Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency
Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday vowed to ensure that…
Debt Ceiling Returns, Key Challenges Ahead for Congress
The reinstatement of the United States’ debt ceiling on January 2 has reignited discussions on Capitol Hill. Although…
Chinese Hackers Exploit Treasury Department in Major Cybersecurity Breach
In a significant cybersecurity breach, Chinese hackers have remotely accessed several workstations and unclassified documents within the U.S.…
Yellen Warns of Imminent Debt Ceiling Breach
In a recent communication with House Speaker Mike Johnson, Treasury Secretary Janet Yellen highlighted an urgent financial situation…
Trump Directs Treasury to Cease Penny Production
For an extended period, the United States has been producing pennies at a cost exceeding their face value.…