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.
United States Department of the Treasury
Feds to buy up to $6 billion in Treasury bonds. Here's why.
Wall Street analysts are skeptical that the Treasury Department's bond purchases can curb yields and lower U.S. borrowing costs.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Treasury official on G20 summit
Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury Department, is at the G20 summit in Asheville, North Carolina, and joins CBS News with more on what to expect.
Will U.S.-Venezuela oil deal actually lower gas prices?
President Trump says a new oil reserve agreement with Venezuela will "substantially lower gas prices," but experts say it could be years before the operation is up and running. Chris Pilkerton, assistant secretary for investment security at the U.S. Treasury, joins to discuss the deal.
What has Iran war done to U.S. after 6 months?
Friday marks six months since the start of the Iran war. When it began, President Trump said it would last six weeks. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan joins with analysis.
National debt tops $40 trillion after doubling in under 10 years
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
U.S. national debt hits record $40 trillion
America's national debt has climbed to $40 trillion after years of borrowing. CBS News chief White House correspondent Nancy Cordes reports on the Trump administration's response.
Bond market sell-off threatens to drive up loan costs
The yield on the 30-year Treasury this week hit its highest level since 2007, a rise that could put upward pressure on borrowing costs.
Dow closes down over 1,000 points
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
U.S. targets California-born leader of notorious Jalisco cartel
Juan Carlos Gonzalez, also known as "Pelon," is the stepson of "El Mencho" — real name Nemesio Oseguera — who was injured and later died in a military sweep.
U.S. Mint to make $1 gold coin with Trump's face on it
It's the latest effort by President Trump to make his mark on Washington, D.C.
Timeline of latest U.S. strikes on Iran
U.S. Central Command said it launched strikes against Iran on Tuesday after tanker attacks in the Strait of Hormuz. CBS News senior national security correspondent Charlie D'Agata has the details.
Bessent talks Trump Accounts' July 4 debut
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about inflation, gas prices and Trump Accounts, which are now available.
Bessent talks Trump accounts, inflation
Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about Trump accounts, which officially launch on Saturday, as well as when gas prices could lower to pre-Iran war levels and wage growth for Americans.
U.S. announces new bank alert targeting powerful drug cartel
Two men and nine companies are accused of being tied to a cartel-linked fuel theft ring intended to evade taxes while generating tens of millions of dollars annually.
Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover
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.
Trump, DOJ settle $10 billion lawsuit
President Trump and the Justice Department reached a settlement Monday in his $10 billion lawsuit against the IRS and Treasury Department over his leaked tax returns. CBS News' Jake Rosen has more.
U.S. sanctions alleged "gatekeeper" of cartel human smuggling routes
The Cartel del Noreste has been accused of trafficking weapons, drugs and people, and is characterized by its violent practices and extortion.
Trump's signature to be featured on U.S. paper currency, Treasury says
The Treasury Department plans to add President Trump's signature to new U.S. paper currency, a first for a sitting president.
U.S. sees rounding problem as pennies dwindle
Months after the U.S. minted its last penny, Americans are experiencing a shortage of the one-cent coin. CBS News reporter Kati Weis has the details on how some states are working on legislation to address the rounding issue in cash purchases.
Rep. Rick Crawford on Iran's new leader, more
Treasury Secretary Scott Bessent said Thursday that the U.S. will escort ships through the Strait of Hormuz as Iran ramps up attacks on the crucial shipping channel. Republican Rep. Rick Crawford of Arkansas, chair of the House Intelligence Committee, joins "The Takeout" to discuss the state of the war.
Bessent defends Powell probe, Trump Accounts
In an interview with CBS News, Treasury Secretary Scott Bessent defended the DOJ investigation into Fed Chair Jerome Powell, saying, "I think that the message is that independence does not mean no accountability." He also addressed the new Trump Accounts, which are tax-deferred investment accounts created for every American child born between January 1, 2025 and December 31, 2028.
Read the full transcript of Kelly O'Grady's interview with Scott Bessent
Treasury Secretary Scott Bessent addressed the ongoing investigation into Federal Reserve Chair Jerome Powell and the White House's new $1,000 "Trump Accounts" in an interview with Kelly O'Grady. Read the full transcript of their conversation.
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.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
Experts are training AI on how to do their jobs
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The Alito Court: A rare interview with the influential Supreme Court justice
Sen. Tillis worries about the "outsized influence" of the executive branch
Key Biden aide recalls "draconian measures" being considered against Israel
CBS News poll finds Democrats maintain House advantage amid concern about prices
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FBI arrests woman accused of surveilling Taiwanese president's son for China
U.S. military removes bombers from U.K. air base following security incident
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