Treasury to auto-enroll up to 60 million children in Trump Accounts
Parents will no longer have to sign up for a Trump Account to get one for their child, with auto-enrollment beginning Oct. 1.
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Parents will no longer have to sign up for a Trump Account to get one for their child, with auto-enrollment beginning Oct. 1.
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
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 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.
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.
A limited series of three coins features designs depicting different eras in the life of famed abolitionist and social activist Harriet Tubman.
We are one week away from the moment the Department of the Treasury says the U.S. will run out of money to pay its bills as negotiations continue on Capitol Hill.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
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.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
