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.
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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.
According to a court document, Rico Tomas Garcia received $2.4 million from two businesses at the outset of the COVID pandemic. He spent the money to purchase a vehicle and three properties without delivering any of the promised product.
Crews spent much of the season making and moving snow just to keep runs open, even scraping it from surrounding areas to maintain coverage. But warmer temperatures and continuous sunshine eventually made that unsustainable.
Police are working to find a man they believe fired at people at a party in the Denver metro area early Sunday morning.
A man who approached a woman and her granddaughter in a disturbing encounter in a Lakewood grocery store last year was sentenced last week to prison.
A woman collapsed inside an Aurora business while seeking help after she was shot Saturday night. Police are trying to determine what led up to it.
According to a court document, Rico Tomas Garcia received $2.4 million from two businesses at the outset of the COVID pandemic. He spent the money to purchase a vehicle and three properties without delivering any of the promised product.
Crews spent much of the season making and moving snow just to keep runs open, even scraping it from surrounding areas to maintain coverage. But warmer temperatures and continuous sunshine eventually made that unsustainable.
Police are working to find a man they believe fired at people at a party in the Denver metro area early Sunday morning.
A man who approached a woman and her granddaughter in a disturbing encounter in a Lakewood grocery store last year was sentenced last week to prison.
A woman collapsed inside an Aurora business while seeking help after she was shot Saturday night. Police are trying to determine what led up to it.
Two statues from a foundry in Northern Colorado have completed a tour across the country that lasted over a week and are now installed in front of the Smithsonian National Museum of Natural History.
Denver's Climate Office says the recent record heat is part of a concerning warning about the kind of heat we can expect in the summer months and future years.
Police are investigating a shooting at an apartment complex in Longmont on Wednesday that left one juvenile dead. His stepbrother is now facing murder charges.
An Olympic-style competition featuring more than 20 events is set to take center stage in Denver this summer for the first time.
As warm temperatures continue and spring weather moves in, Aurora is preparing for increased traffic to local pools.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Nathan MacKinnon had three assists in Colorado's 4-1 victory over the Chicago Blackhawks, helping the Avalanche become the first NHL team to clinch a playoff spot this season.
The Colorado State women's basketball team is heading home after a disappointing loss in the opening round of the NCAA Tournament on Friday night.
The Colorado State University women's basketball team is headed to the Big Dance, as the Mountain West Champions are set to play in March Madness for the first time since 2016.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
It's similar to a bill that Gov. Jared Polis vetoed last year. The Teamsters support the bill because they say it would take away jobs and make Colorado roads less safe.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Two Colorado lawmakers have proposed a bill to address racial disparity when it comes to maternal mortality rates.
The federal class-action lawsuit claims that, for years, state officials have known that they're harming already vulnerable children by keeping them in detention, even after judges have said they should be released.
Colorado voters will decide whether transgender children can play sports with the gender that matches their gender identity or whether they'll be forced to play with other children of the same gender they were assigned at birth.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
A pharmaceutical company issued the recall after receiving complaints of "gel-like mass and black particles" in the product, the FDA said.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
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.
A CBS Colorado investigation has found Denver may now be subsidizing fire protection for neighboring cities -- despite deals that were supposed to save money -- as the city faces deep budget cuts and layoffs.
Eleven Denver City Council members voluntarily reimbursed the city for 2025 furlough days with reimbursement amounts ranging from $762.60 up to $1,969.92. Most of the council members' reimbursements were around $1,300.