Free Republic

The Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower at a time of substantial market stress. With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sensitive longer-duration part of the Treasury market. Under the accelerated buyback, Treasury, led by Secretary Scott Bessent, will target the 10- to 20- year and 20- to 30-year portion of the market, which has seen a buyers’ strike since late June. The government will “at least double” the maximum size...

WASHINGTON — The Trump administration is cutting illegal immigrants off from getting kickbacks from four major refundable tax credit programs – in a move that could save taxpayers an estimated $3 billion. The Treasury Department and IRS unveiled new rules on Wednesday to tighten the requirements for the adoption, child, American opportunity, and earned income tax credits so that only US citizens, US nationals, and qualified aliens can get them. “Under President Trump, the days of illegal aliens collecting taxpayer-funded benefits are over. The federal law is clear, and Treasury is enforcing it,” Treasury Secretary Scott Bessent said in a...

Trump's policies are already delivering lower inflation and improving purchasing power for American workers — a recovery he portrayed as remarkable given the damage he said the administration inherited. Bessent's interview came as new federal data showed prescription drug costs saw their biggest decline in 60 years after President Trump made lowering prices a national priority. Bessent said Americans have legitimate reasons to remain frustrated after years of elevated prices. "People should be upset," Bessent said, arguing the Biden years left households facing a substantial loss of purchasing power, with working Americans hit especially hard by higher costs for automobiles,...

Iran knew remarkably specific details about Trump's stay in Ankara during the NATO summit, including where he was staying and even which floor of the building he was on, according to two U.S. officials. U.S. intelligence picked up multiple streams of information on July 8, including a specific threat against whichever aircraft was carrying the president and a report that someone near the summit had been spotted with a shoulder-fired missile. Air Force One departed separately with senior administration officials, government employees, military personnel, and JOURNALISTS aboard.

The two most senior members of President Donald Trump’s Cabinet, Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, flew out of last month’s NATO summit in Turkey on what was effectively a decoy plane following an Iranian threat, while Trump was secretly moved to a smaller military jet, a senior U.S. official said Wednesday. The official, who was briefed on the situation and spoke on condition of anonymity to discuss sensitive details of presidential travel, said Rubio was aware of the switch and details of the threat behind it but could or would not say why he had...

Japan and the US have confirmed that they jointly intervened last week to halt a slide in the yen after it fell to a fresh 40-year low. The joint intervention is the first since 2011, when both countries took coordinated action to weaken the yen after the devastating earthquake and tsunami that hit eastern Japan. Both Japan's Ministry of Finance and US Treasury Secretary Scott Bessent have said that they will not hesitate to conduct more joint interventions in the future. It highlights both countries' efforts to prevent a sell-off in the yen and Japanese government bonds from having an...

The Treasury Department has blocked nearly $100 million in taxpayer money from going to dead people since implementing a government-wide payment verification process last year, The Post has learned. The department’s Bureau of the Fiscal Service discovered the money set to go to ghosts after a review of an eye-popping 885 million payments worth a total of nearly $2.7 trillion. Since March 2025, the screening has identified more than 4,900 disbursements, worth approximately $99 million, associated with deceased payees, according to the Treasury. The payments going to the dead – often indicative of fraud – were returned to the originating...

WASHINGTON (VINnews) – Treasury Secretary Scott Bessent disclosed publicly for the first time Thursday that he was the target of an alleged assassination plot just hours after being sworn into office. Speaking at a State Department ministerial on political terrorism, Bessent said he was the subject of an alleged assassination attempt “two hours after being sworn into my job,” adding that the case demonstrates that politically motivated violence remains a real threat. Federal prosecutors have charged Ryan Michael English, 24, of Massachusetts, in connection with the alleged plot. According to the Justice Department, English traveled to the U.S. Capitol on...

California Democratic Congresswoman Judy Chu got into a vicious back-and-forth over the Iran war with Treasury Secretary Scott Bessent Thursday — but was caught flat-footed when asked who the president was during World War I. At a House Ways and Means Committee hearing to discuss the Trump administration’s fiscal policies, Chu tried to grill Bessent on a past remark by the Republican president, suggesting he wasn’t factoring in the financial situations of US citizens during negotiations to end the war. “Do you agree with President Trump that you also do not care about Americans’ financial situations?” Chu asked, while a...

Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer. As part of my Administration’s Historic effort to end FRAUD and reverse MASS ILLEGAL IMMIGRATION, I recently signed a powerful new Executive Order, which will be led by the Treasury Department, to stop Banks, Credit Cards, and Financial Institutions from being used to facilitate Human Smuggling, Drug Trafficking, Illegal Immigration, and the Criminal Cartels who orchestrate these activities. Access to our Nation’s Financial Systems must be limited to those who have a Legal Right to be here, and who are engaged in Lawful and Legitimate Commerce. Bank...

VIDEOS AT LINK............... The federal government is moving to follow the money behind Antifa, and Treasury Secretary Scott Bessent says the public will start seeing the results soon. Just the News reported on May 28, 2026 that Bessent highlighted IRS reporting-policy changes built to help identify Antifa’s funding sources. He spoke from the White House and pointed to a new requirement that nonprofits identify and know their grant recipients. That is the kind of paperwork rule that sounds dull until you remember how dark money actually moves through the nonprofit world. The briefing exchange showed the administration is treating Antifa...

This is a MASSIVE move by Scott Bessent. The Treasury Department has said the IRS will be revising the Form 990 used by NGOs in an effort to uncover fraud and hidden sources of funding. I’ve gone through hundreds of 990 forms. The way they’re set up right now, they do not have to disclose who their donors are. Perfect example is GLSEN. They have two anonymous donors that give them millions and millions of dollars and they don’t have to disclose who they are. Keep in mind that the people running GLSEN are trans activists. I imagine that if...

Uncle Sam needs you to help crush the billion-dollar financial fraud gangs. Treasury Secretary Scott Bessent is launching a new program on Monday that will reward tipsters with up to 30% of the fines imposed on criminals who are trying to bleed US taxpayers dry, The Post has learned. The program includes tips for Medicaid and Medicare rip-offs — and given that fraud in those two programs tops some $70 billion per year according to one estimate, whistleblowers could be in for some big payouts. Other forms of financial crimes are also included. The move comes after Bessent visited Minnesota...

WASHINGTON — Education Secretary Linda McMahon is sending a letter to 43 million Americans with student loans — about 9 million of whom are in default — to notify them that the Treasury Department is taking over debt collection, The Post has learned. The letter describes the transfer of responsibilities as a way to protect taxpayers by improving the efficiency of the collection process — after loan repayments were paused through much of the Biden administration, with borrowers protected from delinquency through September 2024. “For too long, Americans have shouldered the consequences of poor leadership and persistent mismanagement of our...

🚨 HOLY CRAP! Scott Bessent just PUMMELED Gavin Newsom in Davos "He's here this week with his billionaire sugar daddy, Alex Soros!" 🔥 "I think it's very, very ironic that Newsom — who strikes me as Patrick Bateman meets Sparkle Beach Ben — may be the only Californian who knows less about economics than Kamala Harris!" BOOM!

President Trump is taking decisive against the egregious fraud being committed against American taxpayers, and @USTreasury is following the money. We took on the mafia. We took on the cartels. Now, we are cracking down on Somali fraud networks and money being wired out of our country. We are opening investigations and putting an end to illicit activities in order to defend taxpayers and put America First.

@SecScottBessent: "Under Governor Tim Walz, billions of dollars intended for families in need, housing for disabled seniors, and services for children were diverted to benefit fraudsters. I am here this week to single the @USTreasury's unwavering commitment to recovering stolen funds, prosecuting fraudulent criminals, preventing scandals like this from ever happening again."

Antifa militants are circulating a guide that describes how to destroy domestic infrastructure by creating incendiary devices. Journalist Andy Ngo drew attention to the guide in a post on Twitter. “Antifa accounts are sharing a guide on how to make incendiary devices that will burn cables used in infrastructure, like on train tracks,” Ngo posted. “Antifa and anarchist extremists believe that domestic terrorist attacks must be used to destabilize and destroy the state.” Ngo’s post included a photo of an Antifa account, Anarchist Federation News, that was circulating the guide. Since Trump’s return to the White House, it’s become clear...

NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties. “We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit. Asked by host Andrew Ross Sorkin —...

The govt shutdown made a mess of the economic data surveying and statistical analysis generally needed for accurate snapshots of the economy. However, the Bureau of Labor and Statistics (BLS) was able to release the September jobs report data {SEE BLS REPORT HERE}.The geopolitical trade reset continues delivering domestic economic fluctuations, as each sector and specific international dependency reacts to President Trump’s shifts and turns in targeted economic policy. The September jobs report caught the economic pundits off-guard, as it showed a much bigger gain in jobs than they expected.As noted by MSM, “The US added 119,000 jobs in September,...