President Trump approved demolition of the 123-year-old White House East Wing to construct a 90,000-square-foot personal ballroom, with project costs escalating from $250 million to $300 million. The East Wing houses the First Lady’s offices, the Office of Social Secretary, and the historic …
President Trump committed $40 billion in U.S. assistance to bail out Argentina’s economy while explicitly tying aid to President Javier Milei’s reelection prospects, stating he would ‘cut it off’ if Milei loses. Treasury Secretary Scott Bessent assembled a $20 billion private …
Treasury Secretary Scott Bessent directed $20 billion in U.S. taxpayer funds to purchase Argentine pesos and stabilize markets ahead of elections, representing only the fourth time since 1996 that the United States has purchased another country’s currency. The extraordinary intervention …
1789 Capital falsely marketed an ‘Inaugural U.S. Treasury A.I. Summit’ featuring Treasury Secretary Scott Bessent, selling sponsorships with promised VIP access to senior government officials. The Treasury Department confirmed it never approved the materials or event. Organizers later …
Treasury Secretary Scott Bessent announced a $20 billion rescue package for Argentina’s president Javier Milei, including currency swap agreements, direct peso purchases (only the fourth time since 1996 the U.S. bought another country’s currency), and Treasury bond purchases. The bailout …
Treasury Secretary Scott Bessent and the Financial Stability Oversight Council voted to dissolve two climate risk assessment panels that integrated climate considerations into financial regulation. The panels, established to evaluate how climate change threatens financial stability through physical …
Senator Ron Wyden introduced the Produce Epstein Treasury Records Act (PETRA) to compel Treasury Secretary Scott Bessent to turn over Epstein-related financial records to Senate investigators after Bessent twice refused Congressional requests in 2025. The Treasury files detail transactions totaling …
Senate Finance Committee Ranking Member Ron Wyden pressed Treasury Secretary Scott Bessent to release Epstein-related banking records covering at least $1.5 billion in suspicious transactions between 2003 and 2019. The Treasury files include suspicious activity reports detailing over 4,700 wire …
The Trump administration released a 166-page digital assets report recommending federal regulatory clarity for cryptocurrency markets, aimed at positioning the United States as the global leader in digital financial technology. The report calls for congressional action to provide CFTC authority over …
A comprehensive Senate Finance Committee investigation led by Senator Ron Wyden uncovered massive financial evidence demonstrating Jeffrey Epstein’s complex international money laundering and trafficking operations. The Treasury Department’s analysis revealed over 4,725 wire transfers …
TIGTA reports IRS workforce cut 25% to 77,428 employees by May 2025. 17,847 approved for TDRP/VSIP programs. 27% of tax examiners and 26% of revenue agents separated. Enforcement function faces up to 50% cuts through 2026. Critical revenue collection capacity compromised.
TIGTA May 2025 report documents 25% IRS workforce reduction from 103,000 to 77,428 employees since Jan 2025. 25,386 separations via Deferred Resignation Program (DRP), terminations, RIFs. 27% of tax examiners, 26% of revenue agents departed. DRP required critical filing season staff work until May …
Treasury Department lifted sanctions on Tornado Cash crypto mixing service previously designated for laundering over $7 billion, removing barriers to anonymous cryptocurrency transactions.
The Department of Government Efficiency (DOGE), led by Elon Musk, faces scrutiny for overstating federal contract savings and potentially using government access to benefit Musk’s business interests. The Treasury Department has launched an audit to investigate DOGE’s access to payment …
President Trump signed an executive order establishing a Strategic Bitcoin Reserve, committing the U.S. government to stockpile Bitcoin, Ether, XRP, Solana, and Cardano. The reserve will be capitalized through forfeited assets and aims to position the U.S. as a global leader in cryptocurrency …
Treasury Department records obtained by Senator Ron Wyden reveal 4,725 wire transfers totaling $1.1 billion through Epstein’s account, with hundreds of millions flowing through sanctioned Russian banks. The transfers were correlated to the movement of women and girls from Russia, Belarus, …
Treasury Department records obtained by Senator Ron Wyden reveal 4,725 wire transfers totaling $1.1 billion through Epstein’s account, with hundreds of millions flowing through sanctioned Russian banks. The investigation uncovered potential connections to human trafficking, with victims …
Secretary of State Antony Blinken announced on September 13, 2024 that the State Department was revealing declassified U.S. intelligence findings showing RT (Russia Today) has evolved into a full-scale Russian intelligence operation. The key revelation was that in Spring 2023, the Russian government …
The U.S. Treasury Department published its first-ever comprehensive risk assessment of NFTs for illicit finance, determining that bad actors can exploit NFT platforms for money laundering, terrorist financing, and proliferation financing. The report highlights techniques including overpaying for …
The US Treasury Department’s Office of Foreign Assets Control (OFAC) designates two individuals and five entities associated with the Intellexa Consortium for developing commercial spyware used to target Americans, including US government officials, journalists, and policy experts. Key …
The US Commerce Department adds surveillance technology vendors Intellexa and Cytrox to the Entity List for “trafficking in cyber exploits used to gain access to information systems, threatening the privacy and security of individuals and organizations worldwide.” Specific entities …
Treasury Department records obtained by Senator Ron Wyden reveal $1.1 billion in wire transfers through just one Epstein account, with “hundreds of millions” flowing through now-sanctioned Russian banks, appearing “correlated to the movement of women or girls around the …
The House Ways and Means Committee released six years of former President Donald Trump’s tax returns (2015-2020), ending a four-year legal battle and providing unprecedented public access to a sitting president’s financial records. The release followed the committee’s December 20, …
Treasury Secretary Steven Mnuchin defied a congressional request by House Ways and Means Committee Chairman Richard Neal, refusing to provide six years of President Trump’s tax returns. Mnuchin claimed the request ’lacks a legitimate legislative purpose’, marking an unprecedented …
Bloomberg and other outlets reported Russian oligarch Suleyman Kerimov held approximately 1% of SpaceX through Delaware’s Heritage Trust, managed by Citigroup, from 2017 until disposal before Treasury blocked the trust in 2022. The stake was acquired pre-sanctions but retained for years after …
In response to the downing of Malaysia Airlines Flight MH17 and Russia’s destabilization of Ukraine, the United States and European Union simultaneously imposed comprehensive sectoral sanctions targeting Russian financial, energy, and defense sectors. The US Treasury issued the Sectoral …
Congress passes the Emergency Economic Stabilization Act, creating the $700 billion Troubled Asset Relief Program (TARP) to bail out major financial institutions. Despite extensive evidence of widespread mortgage fraud, predatory lending, and securities violations that precipitated the crisis, the …
Robert Rubin joins Citigroup just four months after leaving his position as Treasury Secretary, shortly after the November 1999 passage of the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Rubin’s move to Citigroup - the principal beneficiary of Glass-Steagall repeal - represents one of …
South Korea finalizes comprehensive economic reforms mandated by the IMF, including massive corporate restructuring, labor market deregulation, and opening financial markets to foreign investment. The reforms fundamentally transformed South Korea’s economic model through key changes: financial …
Hours after CFTC Chair Brooksley Born issues a “Concept Release” requesting public comment on regulating the 9 trillion over-the-counter derivatives market, Fed Chair Alan Greenspan, Treasury Secretary Robert Rubin, and SEC Chair Arthur Levitt issue an unprecedented joint statement …
The IMF announces a $40 billion rescue package for Indonesia with unprecedented conditions: mandatory privatization of state-owned enterprises, elimination of subsidies, and comprehensive financial sector deregulation. These conditions effectively transfer economic control from local Indonesian …