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🚨 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!

excerpt- Revenue from the oil sales is currently being held in bank accounts controlled by the US government, as indicated in Friday’s order, according to the administration official. The main account, according to a second senior administration official, is located in Qatar. The second official described Qatar as a neutral location where money can flow freely with US approval and without risk of seizure. Trump’s order noted that at least some of the revenue would be held in US Treasury accounts.

The U.S. Treasury and State Departments designated several chapters of the Muslim Brotherhood as foreign terrorist organizations (FTOs) or specially designated global terrorists (SDGTs) on Tuesday. The State Department has designated the Lebanese Muslim Brotherhood as an FTO and SDGT, and its leader, Muhammad Fawzi Taqqosh, as an SDGT, Secretary of State Marco Rubio announced in a statement. Meanwhile, the Treasury Department has determined the Egyptian Muslim Brotherhood and the Jordanian Muslim Brotherhood to be “SDGTs for providing material support to Hamas,” he added. The designations come after President Donald Trump ordered a review of Muslim Brotherhood chapters for designation...

BUENOS AIRES, Argentina (AP) — Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration, U.S. Treasury Secretary Scott Bessent announced Friday, in a crucial step for Argentine President Javier Milei to restore confidence in his chronically distressed economy. In addition to making payments to bondholders, Milei’s radical libertarian administration had “quickly and fully repaid its limited draw,” Bessent said, without specifying the amount. The Treasury’s latest report on the status of the credit line said that Argentina’s central bank had traded pesos for $2.5 billion through the swap as of the end...

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.

Treasury Secretary Scott Bessent predicted that Americans will see "gigantic" refund checks in the upcoming filing season, thanks to tax cuts in President Donald Trump's One Big Beautiful Bill Act (OBBBA). Bessent, who also serves as the acting commissioner of the IRS, made the remark during an appearance on the "All-In Podcast." The treasury secretary told the hosts that the tax provisions in the act, which Trump signed in July, applied retroactively to the beginning of the year, and because most workers did not change their withholdings, many can expect sizable refunds in 2026. "I can see that we’re gonna...

The Treasury Department sent a letter last week to conservative influencer Erika Kirk with findings that contradict fraud allegations about the finances at Turning Point USA and could help her refute those claims, sources told CBS News. Questions were being raised on social media about the finances at Kirk's organization, Turning Point USA, and podcaster Candace Owens and others were urging donors to demand refunds. That led a few of its small-dollar donors to ask for their money back, one of the sources said. Erika Kirk runs the nationwide conservative college student organization co-founded by her late husband, Charlie Kirk....

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 —...

December 2015 was a pivotal month in many respects. During the first week of December 2015, Donald Trump began to establish a substantial lead over his Republican primary opponents. Vice President Joseph Biden traveled to Ukraine to announce, on December 7th, a $190 million program to “fight corruption in law enforcement and reform the justice sector,” but behind the scenes explicitly linked a $1 billion loan guarantee to the firing of Ukrainian prosecutor Viktor Shokin, who had been investigating the energy company Burisma, which employed Biden’s son Hunter. On December 9, 2015, the reported whistleblower Eric Ciaramella held a meeting...

The Treasury Department on Monday revealed the full list of jobs that will qualify for a new tax deduction aimed at fulfilling President Donald Trump's campaign pledge to end taxes on tips. The list, which the Treasury Department provided exclusively to Axios, is divided into eight sections based on the type of work performed and will be published in the Federal Register along with a series of proposed regulations from the Treasury and the Internal Revenue Service.

Paul Craig Roberts and the Certifiable Right By Ben Johnson FrontPageMagazine.com | March 17, 2006 Quick – what columnist alleged in an article Thursday that President “Bush intends to attack Iran and that he will use every means to bring war about?” That Bush has used “bribery and coercion” to block “every effort to bring the dispute to a peaceful end”? That “in order to gain a pretext for attacking Iran,” he and a “’black opts’ [sic.] group will orchestrate [an] attack” on U.S. soil? One would never expect to hear the author is “chairman of the Institute for Political...

Rumors are circulating that the United States may begin to print $500 bills. The US Bureau of Engraving and Printing began printing $500 bills in 1861 until 1945, formally discontinuing them in 1969 when Nixon moved to close the gold window. The US Treasury has since required banks to send all $500 bills back to them to be destroyed, as the government claimed higher-denominated notes paved the way for criminal activity. Collectors know that the US Treasury issued $1,000, $5,000, $10,000, and even $100,000 notes once upon a time. The $100,000 bill featured President Woodrow Wilson and was issued as...

2.10 Gold Certificate Account (110-025) The Secretary of the Treasury is authorized to issue gold certificates to the Reserve Banks to monetize gold held by the U.S. Department of the Treasury (Treasury). At any time, Treasury may reacquire the gold certificates by demonetizing the gold. Treasury maintains an account with the Board of Governors entitled "Gold certificate fund—Board of Governors of the FR System." When the Treasury monetizes gold, it credits this account in return for deposit credit at the Federal Reserve Bank of New York (FRBNY). When demonetizing gold, Treasury decreases the account and authorizes the FRBNY to charge...

Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump's trade campaign. Bessent, speaking to a White House cabinet meeting, said the major collections from Trump's new tariffs only started during the second quarter, when Trump implemented a near universal 10% duty on U.S. imports and boosted duties on steel, aluminum and autos. "So we could expect that that could be well over $300 billion by the end of...

Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion. That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2...

Federal Reserve Chair Jerome Powell is being accused of lying to Congress after he denied that a $2.5 billion revamp of the central bank’s Washington headquarters will load the facility with lavish amenities — and some are demanding that he be punished, The Post has learned. Powell called The Post’s exclusive report in April about the bloated renovation project — which led Sen. Tim Scott (R-SC) to liken it to the “Palace of Versailles” during a grilling by the Senate Banking Committee last week — “misleading and inaccurate.” “There’s no VIP dining room, there’s no new marble. There are no...

Crews are putting up large anti-scale barricades around the White House and the Treasury tonight.. Big news coming this weekend? ... Any guesses? ... Lisa Murkowski, who had a high chance of voting NO, just voted YES to advance the Big Beautiful Bill after she spoke with Vance 3 to go! ... JD Vance is on the Senate floor lobbying Republican holdouts to vote YES on the Big Beautiful Deal

A team from the Department of Government Efficiency can now access a sensitive Treasury Department system that controls trillions of dollars in federal payments, a judge ruled late Tuesday. U.S. District Judge Jeannette Vargas gave permission for four DOGE employees to access the Bureau of the Fiscal Service, which essentially serves as the checkbook for the federal government. Vargas said she would no longer require the Trump administration to get permission from the court before expanding access to other DOGE representatives.

With so much going on these days — on multiple fronts — it's difficult to keep up with it all. On Tuesday alone, there were multiple cabinet secretaries testifying before Congress, President Donald Trump made multiple appearances, commenting on everything from trade to FIFA, the Houthis cried "Uncle!", and India and Pakistan appear primed to bust out into an all-out war. All of which is to say: I didn't have an opportunity to watch Treasury Secretary Scott Bessent's testimony before the House Appropriations Financial Services and General Government Subcommittee oversight hearing live. But looking back over some of the key...

After back and forth between two federal agencies, the Department of Homeland Security (DHS) and Internal Revenue Service (IRS) have reached a deal to aid in the deportation efforts of illegal immigrants.The agreement will allow U.S. Immigration and Customs Enforcement (ICE) to access taxpayer information to locate illegal immigrants subject to deportation.Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem signed the agreement, which allows the IRS to turn over information about undocumented immigrants already facing deportation orders and are under federal criminal investigation.Under the agreement, ICE can submit names and request address confirmations for illegals who have been...