#treasury-department

#treasury-department

Michael Faulkender is appointed acting IRS commissioner amid ongoing leadership changes since tax season began.

Acting IRS Commissioner Gary Shapley was removed just days after his appointment amid internal conflicts and tensions within the Trump administration.

The U.S. strategy for financial inclusion prioritizes traditional finance and views cryptocurrency primarily as a risk.

Treasury lifts sanctions on Tornado Cash, acknowledging legal complexities around sanctions in evolving technology and legal environments.

The U.S. budget deficit reached $307 billion in February 2025, driven by record outlays despite increased receipts.

Bessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.

The Trump administration asserts that a court's order prohibiting Musk's aides from accessing Treasury data infringes on presidential powers.

Former Treasury Secretaries warn that Trump's actions could undermine American democracy's financial backbone.

Elon Musk is exerting control over significant U.S. government institutions, raising concerns about government integrity and access to sensitive payment systems.

Musk's team gains access to monitor and control federal spending, raising concerns about budgetary oversight.

A federal judge has blocked Elon Musk's access to sensitive Treasury Department records due to privacy concerns for millions of Americans.

CISA stated that no federal agencies were impacted by the Treasury Department cyber attack, emphasizing importance of cybersecurity.

Chinese intelligence agency breached the Treasury Department, accessing unclassified documents and workstations, focusing on information-gathering rather than infrastructure sabotage.

CISA reports no additional federal hacking incidents during recent Treasury Department breach linked to Chinese hackers.