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 the Boulder Police Department's dashboard, over the last decade, less than 1% of bikes reported stolen in Boulder have been returned to their owners, valued at more than $15 million.
The Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
The National Highway Traffic Safety Administration said the issue can reduce the driver's ability to detect hazards and increase the risk of a crash.
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
High temperatures are leading to some significant impacts in Colorado's mountains.
According to the Boulder Police Department's dashboard, over the last decade, less than 1% of bikes reported stolen in Boulder have been returned to their owners, valued at more than $15 million.
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
High temperatures are leading to some significant impacts in Colorado's mountains.
Summer activities are having an unusually early start in the mountains due to the warm winter Colorado has experienced.
The show "Dracula, a Comedy of Terrors" puts a funny twist on the classic tale of Dracula and is filled with comedy and romance.
Watch Alex Lehnert's forecast
Gov. Jared Polis opens a sealed box from 1907 that was found underneath a statue commemorating soliders in the Civil War at the Colorado State Capitol.
Lakewood police used drones to help arrest five suspects in a drug bust over the weekend.
The Denver City Council has postponed a vote on replacing Axon flock cameras in the city.
According to the Boulder Police Department's dashboard, over the last 10 years, less than 1% of bikes reported stolen in Boulder have been returned to their owners, valuing more than $15 million.
Five days before Denver Summit FC takes the field for its first ever home match, controlling owner Rob Cohen says the moment is really starting to sink in.
Denver Summit FC midfielder Jasmine Aikey will be out for the rest of the team's inaugural season after suffering a serious injury.
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 Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
The National Highway Traffic Safety Administration said the issue can reduce the driver's ability to detect hazards and increase the risk of a crash.
The foreign ministry said in a statement it agreed after a letter from his family that Dennis Coyle "would be pardoned and released" for Eid.
The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
A civil jury in California found 88-year-old Bill Cosby liable for drugging and sexually assaulting Donna Motsinger in 1972, and awarded her nearly $60 million.
The Senate is closing in on a deal to fund the bulk of the Department of Homeland Security and end the partial government shutdown that has stretched for six weeks.
The Senate confirmed Markwayne Mullin as secretary of the Department of Homeland Security on Monday, finalizing President Trump's shakeup of DHS following months of scrutiny of Kristi Noem's leadership.
A lack of snow and unseasonably warm temperatures in Colorado have significantly increased the risk of wildfires this year, and some state lawmakers are taking an unusual approach to help lower that risk.
The measure comes days after Dolores Huerta — who co-founded the United Farm Workers Union with Chávez — alleged he sexually assaulted her and many other women, many of whom were children at the time.
Some state lawmakers in Colorado want to expand the use of automatic red light and speed cameras. Right now, law enforcement officers can only use the cameras to issue citations in certain areas, like a school zone or near a park.
Two bills making their way through the Colorado General Assembly would require screening kids for vision loss at an earlier age and make school physicals more accessible.
An Olympic-style competition featuring more than 20 events is set to take center stage in Denver this summer for the first time.
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.
The National Highway Traffic Safety Administration said the issue can reduce the driver's ability to detect hazards and increase the risk of a crash.
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
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.
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.