Bessent touts Trump Accounts as rainy day fund, slams critics as "out of touch"
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
Watch CBS News
Treasury Secretary Scott Bessent emphasized the benefits of Trump Accounts and addressed affordability concerns in an interview with CBS News.
The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year directed the Treasury to stop minting new one-cent coins.
The national debt is rising faster than ever and threatens to undermine confidence in the economy, experts warn.
Treasury Department said a design isn't final after the U.S. Treasurer posted an image of a commemorative coin with President Trump's likeness.
The U.S. Treasury sanctioned six leaders and affiliates of the Venezuelan gang Tren de Aragua, including the head of the group, known by the alias "Niño Guerrero."
The federal government now spends more on servicing its debt than it does on defense. The GOP's new tax bill could ratchet that higher, experts say.
The Treasury Department said it placed its final order for penny blanks this month as the U.S. moves to end production of the 1-cent coin.
The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
New York Attorney General Letitia James said "this level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable."
Democratic lawmakers have expressed concern that access to the system could allow DOGE, which disburses nearly 90% of all federal payments, to restrict disbursement of federal funds.
Mastercard and Visa allegedly failed to halt payments linked to child abuse material and sex trafficking on OnlyFans, Reuters reports.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing.
A limited series of three coins features designs depicting different eras in the life of famed abolitionist and social activist Harriet Tubman.
Janet Yellen, in Beijing to meet Chinese officials and American businesses, stressed the U.S. desire to trade, but not at the expense of security.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
In Broomfield, The Grove at Cottonwood is set to open to residents this summer as an affordable housing complex for those with intellectual or developmental disabilities. But as construction reaches the final months, RTD has denied Broomfield Housing Alliance's request for extended Access-a-Ride services to the complex.
The Kennedy Center for the Performing Arts, whose board is filled with the president's allies, announced Bill Maher will receive the prize in June.
Justice Department lawyers said in the memo that it was a "regrettable error" to cite the memo in monthslong litigation.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The TSA's top official says the situation at U.S. airports could get even worse if the partial government shutdown that has frozen officers' paychecks continues.
In Broomfield, The Grove at Cottonwood is set to open to residents this summer as an affordable housing complex for those with intellectual or developmental disabilities. But as construction reaches the final months, RTD has denied Broomfield Housing Alliance's request for extended Access-a-Ride services to the complex.
A state investigation has found that a Denver assisted living facility took 13 minutes to locate a resident who collapsed and begin CPR -- failures regulators say placed all 125 residents in "immediate jeopardy."
That means Denver has now broken its all-time March heat record twice in less than a week.
Denver is joining other Front Range cities like Aurora, Castle Rock, Elizabeth and Thornton that have some sort of watering restrictions in place.
A Colorado bill would bar dealerships from disabling a vehicle to repossess it, give owners 34 days instead of 20 days to make a missed payment before their car is repossessed, and give them 48 days to settle their debt and reasonable fees after their car is repossessed.
Watch Alex Lehnert's forecast
Aurora firefighters rushed to a burning home near Montview and Ironton early Thursday morning where five people were displaced.
Colorado law enforcement are concerned about the increase of traffic fatalities on the roadways across the state.
A camper caught fire overnight near 6th and Kalamath and Denver Fire crews responded.
The state has agreed to sell its portion of Burnham Yard to the Denver Broncos for a new stadium.
For Denver Summit FC's Janine Sonis, returning home is a dream come true.
The Colorado Rockies will offer an eating and drinking challenge for fans at Coors Field this season.
The 31-year-old American matched Austrian downhill great Annemarie Moser-Pröll, who won her six titles in the 1970s.
The Denver Pioneers men's ice hockey team is preparing for a familiar quest.
Denver Summit FC captured its first point as a franchise with a 1-1 draw against the Orlando Pride last weekend. It's a milestone worth celebrating, but likely the first of many during its inaugural season.
The Kennedy Center for the Performing Arts, whose board is filled with the president's allies, announced Bill Maher will receive the prize in June.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The TSA's top official says the situation at U.S. airports could get even worse if the partial government shutdown that has frozen officers' paychecks continues.
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
FEMA will make $1 billion available for the BRIC program, which helps local governments harden against natural hazards like fires, floods, earthquakes and hurricanes.
The Kennedy Center for the Performing Arts, whose board is filled with the president's allies, announced Bill Maher will receive the prize in June.
Justice Department lawyers said in the memo that it was a "regrettable error" to cite the memo in monthslong litigation.
The TSA's top official says the situation at U.S. airports could get even worse if the partial government shutdown that has frozen officers' paychecks continues.
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
A Colorado bill would bar dealerships from disabling a vehicle to repossess it, give owners 34 days instead of 20 days to make a missed payment before their car is repossessed, and give them 48 days to settle their debt and reasonable fees after their car is repossessed.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
There's a new dedicated space for teens and young adults to find a sense of normalcy while receiving medical treatment, and it's inspired by a former patient.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
A compound found in python blood could lead to a new kind of weight loss drug, one that suppresses appetite without some of the side effects linked to popular medications like Ozempic.
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
Skiers have filed a class action lawsuit against the two largest winter sports and resort companies, saying their price structures violate state and federal antitrust laws, like those used to prevent monopolies in other industries.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples.
Summer gasoline regulations will be waived for 20 days, and possibly longer to try to ease gas prices.
A state investigation has found that a Denver assisted living facility took 13 minutes to locate a resident who collapsed and begin CPR -- failures regulators say placed all 125 residents in "immediate jeopardy."
Colorado's youth detention facilities are at the center of a civil rights lawsuit alleging that children are being kept beyond their court-ordered release dates. Advocates and families say the impact is irreversible.
One day after DIA's general counsel filed a federal lawsuit against the city and three of Mayor Mike Johnston's appointees -- alleging unethical and potentially illegal behavior, and claiming they were plotting to oust airport CEO Phil Washington -- one of the appointees, City Attorney Miko Brown, responded by saying of the claims in the lawsuit, "I know they're upsetting."
A woman whose aging mother was charged thousands of dollars to change a lock reached out to CBS Colorado in hopes that the station would help them get the money back.
A senior lawyer at Denver International Airport filed a federal lawsuit against the city and three top officials, claiming he was pushed out of his job after warning about possible alleged violations of law and more.