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.
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran's regime, a source familiar with Treasury Secretary Scott Bessent's thinking told CBS News.
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
The USPS clerk is charged with over 400 counts of fraudulent use or possession of personal information, with police believing there are more suspects in his crime.
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 Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
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.
New York Attorney General Letitia James said "this level of access for unauthorized individuals is unlawful, unprecedented, and unacceptable."
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.
A limited series of three coins features designs depicting different eras in the life of famed abolitionist and social activist Harriet Tubman.
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.
The Treasury chief told CBS News she expected inflation to ease thanks to a "resilient" U.S. economy, and said Biden's shift to EVs would become "less reliant on China."
Eager investors crashed a Treasury's website last week, but if you missed your chance at a 9.6% return, all is not lost.
