Treasury Department set to phase out penny
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President Donald Trump announced Friday that the Apple technology company faces a 25% tariff on iPhones unless the devices are manufactured in the United States.
The Trump Treasury Department's new sanctions are a "full-frontal assault" on one of the deadliest southern border cartels, a local border official told Fox News Digital. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two high-ranking Cartel del Noreste (CDN) members,
German Finance Minister Lars Klingbeil met United States Treasury Secretary Scott Bessent on Wednesday for a bilateral conversation on the sidelines of the G7 finance ministers' consultations in Canada,
Calling the European Union "very difficult to deal with," President Donald Trump said Friday the United States would move to enact a 50% tariff on the EU.
By stopping the one-cent coin’s production, one official says the Treasury expects an immediate annual savings of $56 million in reduced material costs.
"Confirming the WSJ story, the Treasury has made its final order of penny blanks this month and the United States Mint will continue to manufacture pennies while an inventory of p
After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that consumers would see higher prices as a result of the trade war.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.