Trump nominates Wall Street investor Scott Bessent as treasury secretary
President-elect Trump nominated Bessent, a former protégé of George Soros to be his next treasury secretary.
Treasury Department
Marilynn Malerba could soon be the first Native American to serve as U.S. treasurer
Malerba, the lifetime chief of the Mohegan Indian Tribe, would be the first Native woman to have her signature on U.S. currency. She'd also lead the Treasury's new Office of Tribal and Native Affairs.
U.S. hits North Korean officials with sanctions after missile test
The U.S. is also proposing U.N. sanctions in response to North Korea's six ballistic missile launches since September, each of which it says "were in violation of UN Security Council resolutions."
A look into the ugly and incredibly personal fight over Biden's pick to oversee banks
An ugly battle is being waged over Saule Omarova, President Biden's nominee to oversee most of the money held by banks. Her confirmation hearing is on Thursday.
With The Eviction Ban Over, Here's How One City Is Hustling To Help Those Who Need It
There's new urgency to get billions of dollars in federal rental assistance to tenants and landlords. Memphis, without an eviction ban since July, has figured out some things that work.
Yellen Urges Congress To 'Act Big' To Prop Up Pandemic-Scarred Economy
At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.
Nearly $1.4 Billion In Coronavirus Relief Payments Sent To Dead People
The improper payments happened due to confusion over whether dead people should receive the payments from the IRS, according to a report by the Government Accountability Office.
Treasury Department Launches Investigation Into Delays Behind Harriet Tubman $20 Bill
Prompted by a request by Sen. Chuck Schumer, D-N.Y., the department's acting inspector general said he will look into what led to a postponement of the abolitionist's appearance on the note.
The Russia Sanctions Saga: Weapons Dealers, Mobsters And Suitcases Full Of Cash
The Treasury Department's announcement of new sanctions on powerful Russians describes a global soap opera about power and money at the highest levels.
Exxon Mobil Sues After Treasury Fines It $2 Million For Alleged Sanctions Violations
The U.S. Treasury is accusing Exxon Mobil of violating sanctions on Russia in a series of deals in May 2014. "What were they thinking?" wonders one of the architects of the sanctions.