Tag Archives: Treasury

US Treasury Secretary Bessent says government won’t buy bitcoin for strategic reserve but will retain seized assets as crypto markets see red  The Block Bitcoin sinks following hotter-than-expected inflation print, Bessent comments on strategic reserve  Yahoo Finance Treasury secretary clarifies Trump administration’s crypto plans  Axios Bitcoin News (BTC): Strategic Reserve Purchases May Still Be in Play  CoinDesk Bitcoin Drops to $117K After US Treasury …

The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.  The New York Times Billy Long’s IRS ouster follows clashes with Treasury  The Hill IRS, White House clashed over immigrants’ data before tax chief was ousted  The Washington Post Stuff ‘Nixon only dreamt of’: Maddow questions Trump’s removal of handpicked IRS chief  MSNBC News The IRS faces unprecedented leadership turnover  Brookings …

Bessent calls for series of rate cuts US Treasury Secretary Scott Bessent has reiterated his call for a half-point interest rate reduction at the Federal Reserve’s next meeting in September, and called for a series of rate cuts. His comments come after data showed inflation held steady at 2.7% in July. He said the central bank’s benchmark ought to be …

The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances. The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The …

President Donald Trump on Friday removed Internal Revenue Service Commissioner Billy Long and is replacing him temporarily with Treasury Secretary Scott Bessent, three sources with knowledge of the matter told NBC News. Long was only just sworn in as commissioner in June. The change also comes days after Trump’s sprawling new tariffs took effect, and a month after the president …

The 10-year Treasury yield rose following a less-than-stellar $42 billion auction of new securities by the Treasury Department. The benchmark 10-year note yield was up more than 2 basis points to 4.22%, while the 30-year Treasury bond yield climbed more than 4 basis points to 4.813%. One basis point equals 0.01% and yields and prices move in opposite directions. Fixed …

Revaluing Fort Knox’s gold to fund a strategic bitcoin reserve or pay down the national debt is no longer unthinkable. Bettmann Archive Gold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national debt is approaching $37 trillion. That’s helped revive an idea long dismissed as fringe: revaluing the government’s …

Treasury Secretary Scott Bessent off list for next Fed chair, Trump says  Axios Trump says Scott Bessent no longer in the running for Fed chair  CNN Trump says Treasury Secretary Bessent ‘does not want’ to be Fed chair, but 4 others in running  CNBC Donald Trump rules out Scott Bessent for Federal Reserve chair  Financial Times Trump Says Four Candidates in Running for Fed …

GOP senators place holds on Treasury nominees over solar, wind credits  Politico Grassley places holds on 3 Trump Treasury nominees  The Hill E&E News: Senate Republican may delay nominees over energy credits  POLITICO Pro Grassley Holds Up Trump Treasury Nominees to Protect Renewables Development  Heatmap News Daily on Energy: GOP unrest over wind and solar credits, nominees in limbo, and OPEC+ hikes production  Washington Examiner …

Trump Media and Technology Group (Nasdaq: DJT) disclosed Friday that it now holds $2 billion in bitcoin and bitcoin-related securities, officially confirming one of the largest digital asset treasuries among U.S.-listed companies. The announcement came via the company’s second quarter of 2025 earnings press release, which also mentioned $3.1 billion in total financial assets and its first-ever quarter of positive …