#treasury-department — Public Fediverse posts

How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

https://web.brid.gy/r/https://www.nytimes.com/2026/05/11/business/dollar-dominance-renminbi-china.html

US sanctions 9 mainland China and Hong Kong entities over alleged Iran military links

The decision, which risks complicating Donald Trump’s visit to China next week, was annou…
#NewsBeep #News #BreakingNews #Beijing #breakingnews #ChangGuangSatelliteTechnology #China #DonaldTrump #HKHesinIndustryCompany #HongKong #Iran #LiGenping #MiddleEast #MustadLimited #Shahed‑series #statedepartment #treasurydepartment #UnitedStates #YushitaShanghaiInternationalTradeCompany
https://www.newsbeep.com/528679/

U.S. Targets Iran’s Missile and Drone Program With Sanctions

The United States on Friday announced a flurry of new sanctions intended to increase pressure on Iran’s economy,…
#NewsBeep #News #BreakingNews #breakingnews #China #DonaldJ #EmbargoesandSanctions #Internationalrelations #Iran #Oil(Petroleum)andGasoline #Refineries #StraitofHormuz #treasurydepartment #Trump #UnitedStatesInternationalRelations #XiJinping
https://www.newsbeep.com/528205/

U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies

https://web.brid.gy/r/https://www.nytimes.com/2026/05/04/us/politics/us-china-iranian-oil-sanctions.html

U.S. Sanctions Zigzag in New World of Economic Warfare

Treasury Secretary Scott Bessent declared in mid-April that the United States would not extend a waiver allowing the…
#NewsBeep #News #BreakingNews #breakingnews #EmbargoesandSanctions #Iran #treasurydepartment #UnitedStatesInternationalRelations #UnitedStatesPoliticsandGovernment
https://www.newsbeep.com/504914/

U.S. Unveils More Sanctions Targeting Iran’s Shadow Fleet

The United States rolled out a blitz of sanctions on Friday, targeting 40 shipping firms and vessels that…
#NewsBeep #News #BreakingNews #breakingnews #EmbargoesandSanctions #Iran #Oil(Petroleum)andGasoline #ShipsandShipping #treasurydepartment
https://www.newsbeep.com/502585/

House appropriators omit civilian federal pay raise from 2027 spending bill

https://web.brid.gy/r/https://federalnewsnetwork.com/budget/2026/04/house-appropriators-omit-civilian-federal-pay-raise-from-2027-spending-bill/

U.S. launches ‘Operation Economic Fury’ to obstruct Iran’s revenue streams amid blockade

The United States’ naval blockade of maritime traf…
#NewsBeep #News #BreakingNews #Adm.BradCooper #breakingnews #CENTCOM #DefenseSecretaryPeteHegseth #DonaldTrump #Drone #Drones #economicdefenseunit(edu) #Gen.DanCaine #Iran #iranwar #Missiles #OperationEpicFury #PeteHegseth #ScottBessent #stephenfeinberg #SteveFeinberg #StraitofHormuz #treasurydepartment #u-s-central-command
https://www.newsbeep.com/487776/

#TreasuryDepartment #insolvent

The Treasury just declared the U.S. insolvent. The media missed it

The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

Importantly, the $47.78 trillion in reported liabilities does not include the unfunded obligations of social insurance programs like Social Security and Medicare — those are disclosed separately in the off-balance-sheet Statement of Social Insurance (SOSI).

The government’s consolidated balance sheet position, excluding the SOSI, deteriorated by nearly $2.07 trillion between FY 2024 and FY 2025, reaching a staggering negative $41.72 trillion. Total liabilities are now nearly eight times the value of reported assets. The largest drivers were a $2 trillion increase in federal debt and interest payable (now $30.33 trillion) and a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).

The off-balance-sheet picture is even more alarming. The 75-year unfunded social insurance obligation surged by $10.1 trillion in a single year, rising from $78.3 trillion in FY 2024 to $88.4 trillion in FY 2025 — driven primarily by a $6.9 trillion jump in projected Medicare Part B shortfalls and a $2.5 trillion increase for Social Security. The Treasury’s Statement of Long-Term Fiscal Projections shows the 75-year fiscal gap widening from 4.3% of GDP in FY 2024 to 4.7% in FY 2025.

If the $88.4 trillion in 75-year off-balance-sheet obligations were added to the $47.8 trillion in official balance sheet liabilities, total federal obligations would now exceed $136.2 trillion — roughly five times U.S. annual GDP.

The Government Accountability Office (GAO) issued a disclaimer of opinion on the U.S. government’s FY 2025 financial statements — the 29th consecutive year it has been unable to determine whether the statements are fairly presented. This is primarily due to serious, ongoing financial management problems at the Department of Defense and weaknesses in accounting for interagency transactions.

Not only has the financial press ignored the consolidated financial statements, but most members of Congress and members of the general public will not read the consolidated financial statements. Documents like the consolidated financial statements are not the kind of thing you want to read before driving. If that’s not bad enough, most people cannot relate to the trillion-dollar numbers in the financial statements. Therefore, it is appropriate to translate them into terms that people will understand.

Most people cannot relate to trillion-dollar figures on a government ledger. So consider this: divide every number by 100 million — drop eight zeros — and federal finances look like a household budget in freefall.

That household earns $52,446 and spends $73,378 — running a $20,932 annual deficit. Its total liabilities and unfunded promises amount to $1,361,788 against just $60,554 in assets, leaving it $1.3 million in the hole. Uncle Sam, by any accounting standard, is insolvent."

https://fortune.com/2026/03/23/us-government-insolvent-fiscal-crisis-fix/

Trump signature on currency signals alarming precedent

https://thedemocracyadvocate.com/news-to-know/trump-watch/trump-signature-on-currency/

Donald Trump’s Signature To Appear On U.S. Paper Currency, A First For A Sitting President
#News #Politics #Dollar #DonaldTrump #ElectionLine #ScottBessent #TreasuryDepartment

https://deadline.com/2026/03/trump-signature-u-s-dollar-1236767215/

Trump Faces Blowback on Easing Iran Oil Sanctions

https://web.brid.gy/r/https://www.nytimes.com/2026/03/23/business/trump-iran-sanctions-relief-oil.html

Trump considers ‘winding down’ the war but Israel says attacks on Iran will intensify

President Donald Trump said Friday that he’s considering “winding down” the war with Iran as th…
#NewsBeep #News #BreakingNews #Attack #breakingnews #Ceasefire #Energy #fourthweek #friday #hormuz #Iran #Iranianoil #Israel #MiddleEast #missile #Oil #PresidentDonaldTrump #price #Sanctions #socialmedium #strait #Tehran #treasurydepartment #TreasurySecretaryScottBessent #Trump #War
https://www.newsbeep.com/445335/

Trump Removes Sanctions on Russia to Help Oil Flow Amid Iran Conflict

https://web.brid.gy/r/https://www.nytimes.com/2026/03/12/us/politics/trump-russia-oil-sanctions.html

As Oil Prices Rise, Trump’s War With Iran Becomes a Worldwide Economic Hazard

https://web.brid.gy/r/https://www.nytimes.com/2026/03/09/business/economy/trump-iran-oil-economy-fallout.html

#US Opens the Way for Fuel-Starved Cuba to Get Oil Shipments
Shipments of Venezuelan and American oil could begin flowing to the Communist island to relieve the humanitarian crisis
https://www.wsj.com/world/u-s-eases-restriction-on-fuel-shipments-to-cuba-7909a6a7?st=p2poXH&reflink=desktopwebshare_permalink

[only small amounts, to private sector only]

from #WallStreetJournal #WSJ
Updated Feb. 25, 2026 3:50 pm ET

MIAMI—The #Trump administration is easing its policy on the sale of #Venezuelan #oil to #Cuba, providing a potential lifeline to the island’s eight million people as a fuel shortage accelerates a #HumanitarianCrisis.

The policy announced Wednesday applies to transactions involving Cuba’s small private sector “that support the Cuban people,” but sales to the ruling #Communist government in Havana would remain illicit under the comprehensive sanctions that Washington has imposed for decades, the #TreasuryDepartment said Wednesday. The Treasury would allow the sales on a case-by-case basis.

#OilForCuba!
#EndTheBlockadeEmbargo
#news #politics #USpol #LatinAmerica #USA

Bessent Accelerates Regulation Overhaul to Jumpstart Growth

https://web.brid.gy/r/https://www.nytimes.com/2025/12/11/us/politics/bessent-regulation.html

https://youtube.com/shorts/PfahId5GdiI?si=uuSEZ-3EwkDZwJ5d

The Penny's Final Goodbye: America's Iconic Coin Retires After 230 Years!

Linktr.ee/562AlexD

#PennyEnd #LastPenny #USMint #ScottBessent #BrandonBeach #DonaldTrump #TreasuryDepartment #CoinHistory #MoneySavings #LincolnPenny #AbolishThePenny #FinanceNews #EconomicShift

The Penny Dies at 232

https://web.brid.gy/r/https://www.nytimes.com/2025/11/12/business/penny-coin-legacy.html

https://www.fogolf.com/1077362/scott-bessent-urges-imf-to-unload-swanky-maryland-country-club/ Scott Bessent urges IMF to unload swanky Maryland country club #business #Donald #DonaldTrump #DonaldTrumpGolf #DonaldTrumpGolfing #GolfCourse #InternationalMonetaryFund #ScottBessent #TreasuryDepartment #trump #TrumpGolf #TrumpGolfing

#FactCheck

#GOP lawmakers introduced bill to put #CharlieKirk on #US. #currency. Here's context

The legislation would direct the #TreasuryDepartment to mint no more than 400,000 limited edition #silverdollar commemorative coins.

https://www.snopes.com/fact-check/bill-charlie-kirk-currency/

It's baaaack...! #HR9495

via @fightforthefuture.org‬
WE NEED CALLS NOW! HR 9495, now known as #Section112209, if passed, would give the #Trump administration unprecedented power in suppressing nonprofits, by allowing the administration the power to strip organizations of their tax exempt status! Call 319-313-7674

'We Need Calls Now!' Republicans Slip #Nonprofit Killer Bill Into #TaxPackage

"If Democrats capitulate to the wanton destruction of crucial civil society institutions, they had better expect civil society to burn them to the ground for that betrayal."

Jake Johnson
May 13, 2025

Excerpt: "House Republicans on Monday quietly revived a proposal that would grant the Trump administration broad authority to crush nonprofits it views as part of the political opposition, from environmental justice organizations to news outlets.

"#FightForTheFuture and other advocacy groups called attention to the measure, which was buried in the final pages of the House Ways and Means Committee's draft reconciliation bill, starting on page 380.

"A markup hearing for the legislation is scheduled to take place on Tuesday [5/13] at 2:30 pm ET.

"The proposal would empower the U.S. #TreasuryDepartment to revoke the tax-exempt status of nonprofits deemed material supporters of #terrorism, with only a hollow simulacrum of due process for the accused organizations. It is already illegal for #nonprofits to provide material support for terrorism.

" 'The House is about to hand the Trump administration the ability to strip nonprofits of their 501(c)3 status without any reason or recourse. This is a five-alarm fire for nonprofits nationwide,' said Lia Holland, campaigns and communications director at Fight for the Future. 'If the text of last autumn's H.R. 9495 is passed in the budget, any organization with goals that do not line up with #MAGA can be destroyed with a wink from Trump to the Treasury.'

"The measure passed the Republican-controlled House late last year with the support of more than a dozen Democrats, but it never received a vote in the Senate.

" 'This terribly thought-out legislation means that under the current administration, every #environmental, racial justice, #LGBTQ+, #gender #justice, #immigration justice, and—particularly—any anti-#genocide organization throughout the country may be on the chopping block,' said Holland. 'If Democrats capitulate to the wanton destruction of crucial civil society institutions, they had better expect civil society to burn them to the ground for that betrayal.' "

https://www.commondreams.org/news/nonprofit-killer-bill

#StopHR9495 #HR9495 #SilencingDissent #fascism #USPol #Authoritarianism #AuthoritarianRule

Inspector General Probes Whether Trump, DOGE Sought Private Taxpayer Information Or Sensitive IRS Material

https://fed.brid.gy/r/https://www.techdirt.com/2025/04/29/inspector-general-probes-whether-trump-doge-sought-private-taxpayer-information-or-sensitive-irs-material/

Trump Administration Blows Through Another IRS Commissioner After DOGE Gets Involved

https://fed.brid.gy/r/https://www.techdirt.com/2025/04/21/trump-administration-blows-through-another-irs-commissioner-after-doge-gets-involved/

US debt ceiling and quantitative tightening policies intertwine, potentially disrupting financial markets and raising concerns about liquidity and credit risks
#YonhapInfomax #USDebtCeiling #QuantitativeTightening #FederalReserve #TreasuryDepartment #FinancialMarkets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53005

What is Trump’s Crypto Reserve Plan? - The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve ... - https://www.nytimes.com/2025/03/04/business/dealbook/trump-crypto-reserve-what-we-know.html #unitedstatespoliticsandgovernment #federalreservesystem #treasurydepartment #bitcoin(currency) #virtualcurrency #trumpdonaldj