Tag: treasury

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US treasury secretary warns oil and gas companies to lower prices: ‘we’re watching’

Scott Bessent, the US treasury secretary, issued a veiled warning to oil and gas companies to lower their prices on Tuesday, a day after Donald Trump berated those retailers on social media for not dropping their prices fast enough and demanded they target $2.50 a gallon. “I would encourage them to be good actors, especially

Treasury Speaks on Possible Smartphone Price Hikes From June After 25% Tax

Concerns have been raised that the Finance Bill 2026 smartphone tax could make essential devices more expensive and less accessible for many users...

Republicans Urge Treasury Department to Block US Capital from Supporting Chinese Military Industry

Seven Republican congressmen from both houses of the US Congress have jointly sent a letter to Treasury Secretary Scott Bessent...

US Treasury Department Plans to Phase Out Penny After President Donald Trump Declares Coin No Longer Makes Sense

NewsFinale NewsFinale Journal WASHINGTON — The U.S. Treasury Department says it will phase out production… The post US Treasury Department Plans to Phase Out Penny After President Donald Trump Declares Coin No Longer Makes Sense appeared first on NewsFinale...

UK Treasury Secretary Shuns Idea of National Crypto Reserve

Key Notes The UK has rejected the idea of a national crypto reserve and will not hold Bitcoin in state accounts. The government prioritizes US collaboration and plans sovereign debt issuance using blockchain. Britain is also avoiding the EU’s MiCA path, favoring traditional financial regulations for crypto. The United Kingdom has confirmed it will not

Trump Treasury Pick Disputes Democrat Assertion America Is in Clean Energy ‘Arms Race’ with China

Treasury Secretary nominee Scott Bessent on Thursday disputed Sen. Ron Wyden's (D-OR) argument that America is in a clean energy "arms race" with China, charging that China is projected to build 100 coal fired plants this year. The post Trump Treasury Pick Disputes Democrat Assertion America Is in Clean Energy ‘Arms Race’ with China appeared

Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance

The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan.

Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash

The Fifth Circuit's decision is a victory for privacy, financial freedom, and the rule of law, says Zack Smith, senior legal fellow at The Heritage Foundation...

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