Politics
Bessent Will Buy Back $6 Billion in Bonds. The 10-Year Went to 4.85% Anyway
That's the highest since October 2023, with the national debt past $40 trillion. Analysts told CBS News the buyback is 'tinkering on the periphery.'
Topic
Treasury
10 stories from Planck Standard. Latest: September 10, 2026.
PoliticsTreasury Wants to Strip Tax-Exempt Status From Any School That Uses Race
Proposed regulations would deny 501(c)(3) status to private schools whose admissions, scholarships, aid or athletics take race into account. They would bite for tax years starting May 31, 2027.
WorldTreasury's Eighth Round of Iran Sanctions Hits a Tehran Bank and Two Dubai Exchange Houses
Officials say the network laundered hundreds of millions of dollars in oil revenue through shell companies in Hong Kong, Singapore and Dubai. "Every facilitator that keeps the regime afloat is putting a target on its own back," Treasury Secretary Scott Bessent said.
PoliticsTop Treasury Tax Official Forced Out After Warning the White House It Risked Breaking the Law on IRS Audits
Kenneth Kies, once Trump's personal tax lawyer, was pushed toward the exit after telling officials a proposed request would violate a statute barring the White House from steering IRS audits, people familiar with the matter say.
PoliticsTreasury Unveils a $250 Bill With Trump's Face, the First Living Person on U.S. Currency in 160 Years
Treasury Secretary Scott Bessent revealed the proposed commemorative note tied to the nation's 250th anniversary. Federal law still bars living people from U.S. money, and even some MAGA supporters are balking.
PoliticsU.S. Treasury Slaps Sanctions on 9 Chinese and Hong Kong Companies Accused of Fueling Iran's Missile and Drone Programs
Secretary Bessent named the package the latest salvo in his 'Economic Fury' campaign, hitting firms in Shanghai, Ningbo, Hong Kong, Dubai and Minsk that allegedly supplied ballistic-missile materials and UAV components.
- Politics
Bessent Warns U.S. Will Launch Financial Equivalent of Bombing Iran With Sweeping Sanctions
Treasury Secretary Scott Bessent threatened secondary sanctions against China, the UAE, and other nations that continue buying Iranian oil or holding Iranian funds in their banks.
PoliticsTrump's Signature to Replace 165-Year Tradition on U.S. Dollar Bills Starting This June
The Treasury Department announced Thursday that President Trump's name will appear on all new paper currency alongside Secretary Scott Bessent's, making him the first sitting president ever to sign American money.
PoliticsTrump Becomes First Sitting President to Have His Signature Printed on US Currency
The historic break from 250 years of American tradition comes as the administration implements a series of measures designed to place the president's personal mark on federal institutions.
PoliticsTrump Transfers $1.7 Trillion Student Loan Portfolio to Treasury in Biggest Education Dept. Gutting Yet
In the 10th interagency agreement to dismantle the Education Department, the Trump administration announced a three-phase plan to move all student loans — including 9.2 million in default and eventually FAFSA — to the Treasury, raising legal challenges and borrower confusion.
