White House officials are renewing calls on China to use its influence with Iran to open the Strait of Hormuz.
The U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz.
Treasury Secretary Scott Bessent says he’s concerned about the allure of easy money — lottery tickets, buy now, pay later loans and the promise of a crypto windfall.
The Trump administration has imposed sanctions on former Congolese President Joseph Kabila for his alleged role in funding and providing political support to rebel groups operating in the east of his country.
President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House’s attacks.
When the Supreme Court killed his favorite tariffs in February, President Donald Trump rolled out temporary import taxes to replace them.
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office.
The U.S. Treasury Department has extended its pause on sanctions on Russian oil shipments to ease shortages from the Iran war, days after Secretary Scott Bessent ruled out such a move.
The Trump administration is setting the stage to shift its war campaign toward a more economically focused effort aimed at choking Tehran into submission rather than relying on bombs alone.
U_S_ Central Command says it will begin a blockade of all Iranian ports at 10 a_m_ EDT Monday, or 5:30 p_m_ in Iran, to be “enforced impartially against vessels of all nations."
President Donald Trump has prioritized efforts to calm the financial markets during the Iran war, but his go-to moves are starting to fall flat.
Facing a convulsing stock market, President Donald Trump has moved to buy himself more time and hold off on carrying out a threat to obliterate Iran’s energy plants.
The Treasury Department plans to print President Donald Trump’s signature on every new U.S. paper bill.
President Donald Trump turned an otherwise serious Cabinet meeting into a long Sharpie story, arguing that it shows how he saves government money.
President Donald Trump is sending mixed messages about the U.S. war with Iran, and that's raising even more questions about the direction of the conflict and his administration's strategy.
Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
About 90 ships including oil tankers have crossed the Strait of Hormuz since the beginning of the war with Iran.
President Donald Trump relied on his gut and largely side-stepped diplomatic coordination as he made the decision to launch strikes on Iran with Israel.
China's official news agency Xinhua reports that representatives from Beijing and Washington have begun their economic and trade talks in Paris.
The U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war.
The Trump administration is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month.
Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng in Paris for trade talks that set the stage for President Donald Trump’s visit to Beijing.
President Donald Trump says it's inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East.
Israel is renewing its assault on southern Lebanon, including targeting commanders of the Lebanese branch of Iran’s Revolutionary Guards’ Quds Force in Beirut.
The U.S. Treasury Department’s decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil export earnings help pay for its own war against Ukraine.
IRS chief Frank Bisignano has largely declined to answer questions from lawmakers about unlawful releases of taxpayer data to immigration agents.
A federal judge said that the IRS broke the law by illegally sharing thousands of taxpayers’ addresses with Immigration and Customs Enforcement.
The Trump administration is expanding its pressure on Iran by imposing new sanctions aimed at the country's missile, drone and oil networks.
The Supreme Court’s stunning rebuke of President Donald Trump’s most sweeping tariffs means he can’t conjure up new import taxes on a whim anymore.
Senate Democrats are unveiling a bill to have the government refund about $175 billion in Trump-era tariff money after the Supreme Court ruled that President Donald Trump's emergency tariffs were illegal.
President Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth.
Argentina’s President Javier Milei deepens ties with U.S. President Donald Trump while trying to avoid a break with China, Argentina’s top trading partner.
Republican Sen. Thom Tillis from North Carolina suggests he could support a compromise that would allow the Senate Banking Committee to start hearings on Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve.
The IRS has erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, according to a new court filing.
Argentina and the United States have reached an expansive trade deal, a win for Argentine President Javier Milei as he moves to open up the South American nation’s notoriously protectionist economy and a reflection of the close alliance between the radical libertarian and U.S. President Donald Trump.
Treasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.
A hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family conflicts.
President Donald Trump says he's instructed Homeland Security Secretary Kristi Noem not to intervene in protests in Democratic-led cities unless local authorities request federal help.
The Trump administration has imposed sanctions against Iran’s interior minister, accusing Eskandar Momeni of repressing nationwide protests that have challenged Tehran’s theocratic government.
Treasury Secretary Scott Bessent has a warning for Canadian Prime Minister Mark Carney: Your comments against U.S. trade policy could backfire, especially at a time when the U.S.-Mexico-Canada Agreement is facing a formal review.
Claiming to give every child “a shot at financial freedom,” President Donald Trump is unveiling the new Trump Accounts initiative, which gives $1,000 to every newborn if their parents open an account.
The national taxpayer advocate says the 2026 tax filing season is likely to face significant challenges due to IRS workforce reductions and complex tax law changes.
When the Supreme Court granted an unusually quick hearing over President Donald Trump’s tariffs, a similarly fast resolution seemed possible.
The U.S. Treasury Department has cut contracts with Booz Allen Hamilton after a former contractor leaked tax information about wealthy individuals, including Donald Trump.
Canadian Prime Minister Mark Carney says his country has no intention of pursuing a free trade deal with China.
A growing number of Republicans are pressing for a deeper investigation into federal immigration tactics after a U.S. Border Patrol agent fatally shot a man in Minneapolis.
The United States has imposed sanctions on a fleet of nine ships accused of transporting hundreds of millions of dollars in forbidden Iranian oil to foreign markets.
The U.S. has imposed sanctions on five Costa Ricans and five Costa Rican entities for allegedly transporting cocaine from Colombia.
The Trump administration says China has fulfilled its initial commitment to buy 12 million metric tons of soybeans, but it’s not clear if the trade agreement announced in October can withstand President Donald Trump’s ever-shifting trade policy as American farmers are still dealing with high production costs.
President Donald Trump meandered through a list of his administration’s accomplishments while speaking at a White House press briefing Tuesday.
Nearly 3,000 high-level participants from business, government and beyond plus untold numbers of activists, journalists and observers are converging on the Swiss town of Davos for the World Economic Forum’s annual meeting.
The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor.
The U.S. is imposing new sanctions on Iranian officials accused of repressing protests against Iran’s theocratic government.
A bipartisan group of lawmakers has proposed creating a new agency with $2.5 billion to boost production of rare earths and the other critical minerals.
President Donald Trump's administration has made good on its pledge to label three Middle Eastern branches of the Muslim Brotherhood as terrorist organizations, imposing sanctions on them.
President Donald Trump is defending his tariffs, using a major economic speech in Michigan to argue that they boost domestic manufacturing despite many Americans fears about rising prices.
Treasury Secretary Scott Bessent says his agency is taking a closer look at financial transactions between Minnesotan residents and businesses and Somalia.
The Organization for Economic Cooperation and Development has finalized a deal exempting U.S. multinational corporations from paying more corporate taxes overseas.
The U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property.
Lawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses.
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.
The Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community.
Democratic governors who met over the weekend in Arizona say the party must focus on affordability in next year's midterm elections.
Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.
President Donald Trump and his top officials have recently criticized Minnesota's Somali community, drawing attention to immigrants from the war-torn East African country.
Federal authorities are preparing an immigration enforcement operation in Minnesota, focusing on Somali immigrants living unlawfully in the U.S. The operation, which could begin soon, targets people in the Minneapolis–St. Paul area with final deportation orders.
The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them.
Leaders and delegates from the world’s richest nations and top developing countries are gathering this weekend for the Group of 20 summit in South Africa, an event overshadowed by the boycott of U.S. President Donald Trump and his administration.
The United States, Britain and Australia have announced sanctions against a Russia-based web hosting service for allegedly running ransomware operations.
The Trump administration has announced trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala.
Colombian President Gustavo Petro has ordered security forces to stop sharing intelligence with the United States until it stops striking suspected drug trafficking boats in the Caribbean.
President Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government and give him diplomatic leverage.
The Trump administration has decided not to offer the IRS' electronic tax filing system for free next year, and its future is unclear.
President Donald Trump has warned that the Supreme Court will leave the United States “defenseless’’ and possibly “reduced to almost Third World status’’ if it strikes down the tariffs he imposed this year on nearly every country on earth.
