WASHINGTON (AP) — Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS on Monday, making him the latest member of the Trump administration to be put in charge of multiple federal agencies. As IRS CEO, Bisignano will report to Treasury Secretary Scott Bessent, who currently serves…
Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Imagine opening your mailbox to find a $2,000 “dividend” check from the government. That’s the eye-popping idea President Donald Trump is now floating — all thanks to his sweeping tariff policy. In a recent interview with One…
The Trump administration announced that a framework deal has been established to allow TikTok to continue operating in the United States. It sets the stage for further discussions between President Donald Trump and Chinese President Xi Jinping on Friday.The Treasury Secretary confirmed that the two private parties involved have agreed upon the commercial terms of…
In a major victory for the Donald Trump administration, a federal appeals court ruled Monday, that 19 mostly Democratic-led states and Washington, D.C., could not pursue their lawsuit challenging the dismissal of nearly 25,000 recently hired federal employees. The Fourth U.S. Circuit Court of Appeals, in a 2-1 decision, held that the states lacked standing…
Tankers in Spain Photographer: DeAgostini/Getty Images (Bloomberg) — The US sanctioned a Greek shipper and two Chinese port-terminal operators that it said facilitated the transport of Iranian oil, broadening a so-called maximum pressure campaign against Tehran. Antonios Margaritis was designated, along with a web of companies overseen by him in Greece and the Marshall Islands,…
Don’t splurge just yet. Rumors spread online Friday that the U.S. government will soon be issuing stimulus checks to taxpayers in certain income brackets. But Congress has not passed legislation to authorize such payments, and, according to the IRS, no new stimulus checks will be distributed in the coming weeks. Here’s a closer look at…
President Trump on Friday said a potential US court ruling denying his authority to impose a wide range of global tariffs could have devastating impacts on the US economy. “If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth…
A Bloomberg News investigation has found that in three major hacks the US Treasury didn’t deploy cybersecurity measures that could have prevented the attacks or flagged the intruders sooner. Our review of previously unreported government documents and interviews with more than a dozen people including current and former Treasury employees, bank executives and cybersecurity experts…
WASHINGTON — President Trump insisted Thursday that a Chinese government spokesman was mistaken in denying trade talks to de-escalate massive tit-for-tat tariffs between the world’s two largest economies. “[China is] saying it’s ‘fake news’ that trade talks are happening,” a reporter prompted Trump at the White House. “Well, they had a meeting this morning,” the…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…