INSIDER
The Treasury Department has imposed sanctions on a Chinese oil refinery that's accused of purchasing more than $1 billion worth of Iranian oil.
A federal judge on Wednesday said he has found probable cause to hold President Donald Trump’s administration in criminal contempt of court for violating his orders to turn around planes carrying deportees to El Salvador.
President Donald Trump says he's joining his economic advisers for White House negotiations over tariffs and trade with a Japanese official.
China and the West should join in supporting multilateralism and open cooperation, Chinese President Xi Jinping has told Spain’s visiting Prime Minister Pedro Sánchez, underscoring China’s opposition to U.S. demands amid global economic uncertainty caused by a chaotic U.S. tariff policy.
President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months.
The Supreme Court on Thursday said President Donald Trump’s administration must facilitate the return of Kilmar Abrego Garcia, a Maryland man who was mistakenly deported to El Salvador, rejecting the administration’s emergency appeal.
It was one week after President Donald Trump’s big tariff announcement when he pulled back from the import taxes he'd imposed on many U.S. trading partners.
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.
President Donald Trump has shared on Truth Social that he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”.
The Internal Revenue Service’s acting commissioner is resigning over a deal to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. Two people familiar with Melanie Krause’s decision confirmed the intended resignation to The Associated Press on condition of anonymity because they were not authorized to speak publicly about it.
The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade.
President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession.
President Donald Trump says he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S. He's digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.
Republicans in Congress are watching with unease as stock markets tumble in the aftermath of President Donald Trump’s sweeping tariffs.
President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.
Republican senators unveiled a budget proposal that’s central to President Donald Trump’s agenda of tax breaks, spending cuts and border security.
President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.
President Donald Trump invited Kid Rock into the Oval Office and signed an executive order that he says will help curb ticket scalping and bring “commonsense” changes to the way live entertainment events are priced.
The U.S. Treasury Department has sanctioned six people and seven companies it said were involved in money laundering for factions of the Sinaloa Cartel.
With technology and AI increasingly used to perpetrate illegal acts, the IRS’ crime fighting arm is announcing a new program intended to improve how it interacts with financial institutions.
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday.
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House.
Senate Democratic leader Chuck Schumer has announced he's ready to start the process of considering a Republican-led spending bill to prevent a midnight Friday government shutdown.
The fate of the IRS Direct File program remains unclear as Elon Musk and the Department of Government Efficiency cleave their way through the federal bureaucracy.
The deep cuts across federal agencies since Donald Trump’s return to the White House include reductions in force, which mean not only layoffs but also elimination of positions altogether.
President Donald Trump in recent days has dismissed fears of a recession and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market.”.
U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum kicked in Wednesday that could send prices higher.
The U.S. stock market fell further following President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month.
President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it.
President Donald Trump said Friday that he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.
President Donald Trump says he is “strongly considering” levying new sanctions and tariffs on Russia for its war against Ukraine.
Mexico President Claudia Sheinbaum says that her administration is waiting to see if U.S. President Donald Trump makes good on his threat to impose 25% tariffs on Mexican imports.
The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.
South African President Cyril Ramaphosa has slammed a visit by a lobby group for the country’s white minority Afrikaner community to the White House this week.
Israeli Finance Minister Bezalel Smotrich will head to Washington in the coming days to meet with U.S. Treasury Secretary Scott Bessent and discuss economic and political cooperation.
Now that House Republicans have passed an ambitious budget blueprint for President Donald Trump’s agenda, it is time for hard work.
The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies.
As Ukraine approached the three-year mark of Russia’s full-scale invasion, the country’s hoped-for path to a favorable and lasting peace has been upended in a matter of days by the administration of U.S. President Donald Trump.
The White House and Ukraine have made significant progress toward reaching an agreement that would provide the U.S. with access to Ukraine’s rare earth minerals and tighten the long-term relationship between Kyiv and Washington.
Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after high-wealth tax dodgers and could spell disaster for revenue collections.
A top White House official says President Donald Trump's increasingly tough criticism of Volodymyr Zelenskyy reflects the administration’s growing frustration with what they see as the Ukrainian leader creating roadblocks to finding an endgame to Russia’s invasion of Ukraine.
The Treasury Department’s Office of Inspector General says it's launching an audit of the security controls for the federal government’s payment system.
For years, Republicans, including President Donald Trump, have railed against the IRS and its cadre of armed agents.
A federal judge has left intact a ban that prevents Elon Musk’s Department of Government Efficiency from accessing Treasury Department records containing sensitive personal data for millions of Americans, though she made clear that Treasury Secretary Scott Bessent is exempt.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Democratic lawmakers are seeking a Treasury Department investigation of the access that Elon Musk’s team was given to the government’s payment system.
The Trump administration's Justice Department has disbanded a Biden-era program aimed at seizing the assets of Russian oligarchs as a means to punish Russia for its invasion of Ukraine.
The U.S. on Thursday imposed sanctions on a network of more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China.
Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program.
President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he’s successful at finding the company an American buyer.
The Department of Government Efficiency, run by President Donald Trump’s billionaire adviser and Tesla CEO Elon Musk, has gained access to sensitive Treasury data including Social Security and Medicare customer payment systems.
Prosecutors say a Massachusetts woman accused of planning to kill Republican leaders at the U.S. Capitol told police she was influenced by Luigi Mangione, the man charged with fatally shooting the CEO of UnitedHealthcare last year.
Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.
The U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump.
The Democratic Party's left wing is responding to President Joe Biden's strong words about the possibility of an American oligarchy with a combination of appreciation, bemusement and frustration.
The super-rich have long played a role in U.S. politics but have an unusually prominent spot in incoming President Donald Trump's new administration.
U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.
The Trump family business has agreed to a voluntary ethics agreement that would ban it from striking direct deals with foreign governments after inauguration, but would give it a free hand to pursue ventures with private foreign companies.
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary.
President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and deregulation, to serve as his next treasury secretary.
President-elect Donald Trump has chosen hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.
One of the top remaining vacancies in President-elect Donald Trump’s proposed Cabinet is his treasury secretary — and the views of his top contenders there reflect broader questions about how the president-elect might wield tariffs in his new administration.
President-elect Donald Trump has filled key posts for his second term in office, prioritizing loyalty after feeling like he was hampered by internal squabbles during his first term.
