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us treasury department news

Can a living US president appear on a coin? Trump's gold $1 coin explained

Federal law has long been understood to prohibit living people from appearing on most US currency.
Published on Jul 16, 2026 01:08 am IST

US justice department drops criminal fraud case against billionaire Gautam Adani

Gautam Adani, one of the world's richest people, was accused in 2024 of paying massive bribes to ensure the project's success.
Published on May 19, 2026 10:43 am IST

US renews waiver that allowed India to buy Russian oil after saying it won't

Russian oil waiver renewed by US, treasury department posted the updated license late Friday
Updated on Apr 18, 2026 06:00 pm IST

US ramps up ‘economic fury’ as Iran oil waiver expires, tightens pressure

The waiver, originally issued on March 20, is set to expire on Sunday and applied only to Iranian oil and petrochemical products.
Published on Apr 15, 2026 03:20 am IST

'Good actors': Why US ‘allowed’ India to purchase Russian oil

US President Donald Trump and PM Narendra Modi during a news conference in the East Room of the White House in Washington DC
Updated on Mar 11, 2026 09:00 pm IST

US Issues License to Allow Some Russian Oil Sales to India

US treasury secretary Scott Bessent.
Updated on Mar 06, 2026 06:52 am IST

Why did gold prices see sharp swings? Scott Bessent cites ‘unruly’ China trading

US treasury secretary Scott Bessent'a remarks came after gold prices surged to record highs before abruptly pulling back.
Published on Feb 09, 2026 12:21 pm IST

$2,000 tariff checks: Are they approved? What we know so far

The US Treasury Department building in Washington, DC.
Published on Feb 02, 2026 01:24 pm IST

Trump sues IRS: 5 things to know about $10 billion tax records case

The plaintiffs are seeking a minimum of $10 billion in damages.
Updated on Jan 30, 2026 11:29 am IST

US slaps sanctions on Colombian network fighting in Sudan

US slaps sanctions on Colombian network fighting in Sudan
Updated on May 05, 2026 05:46 pm IST

Who is Kevin Hassett? Trump's top choice to replace Fed Chair Jerome Powell

FILE PHOTO: U.S. President Donald Trump and U.S. Secretary of the Treasury Scott Bessent listen as National Economic Council Director Kevin Hassett speaks, at the White House in Washington, D.C., U.S., September 5, 2025. REUTERS/Brian Snyder/File Photo
Published on Nov 26, 2025 02:13 am IST

US sanctions force refiner retreat on Russian oil

State-controlled Rosneft, headed by Putin’s close ally Igor Sechin, and privately held Lukoil are Russia’s two largest oil producers, jointly accounting for nearly half of the nation’s total crude oil exports, or around 2.2 million barrels a day. (AFP)
Updated on Oct 24, 2025 09:00 am IST

US lifts some Myanmar sanctions, says no link to general's letter to Trump

Trump administration officials said there was no link between the letter and the sanctions decision.
Published on Jul 26, 2025 09:18 am IST

Enforcement of BOI and CTA suspended by Treasury Department, Trump reacts

Enforcement of BOI and Corporate Transparency Act suspended by Treasury Department, Trump reacts (Photo by ROBERTO SCHMIDT / AFP)
Published on Mar 03, 2025 12:30 pm IST

25-year-old engineer linked to Musk has direct access to federal payment system

Demonstrators participate in a rally in front of the US Treasury Department in protest of Elon Musk and the Department of Government Efficiency on February 4, 2025 in Washington, DC. Several Democratic members of Congress joined the rally to protest Musk's access to the payment system of the Treasury, which houses the private information of millions of Americans.
Updated on Feb 05, 2025 08:45 am IST

Musk takes control of US Treasury payments systems

Musk takes control of US Treasury payments systems
Published on Feb 03, 2025 09:44 pm IST

Elon Musk's DOGE given full access to US govt payments system: Report

SpaceX CEO Elon Musk, close ally of Trump, was picked to co-chair the newly-created Department of Government Efficiency.
Updated on Feb 02, 2025 07:11 am IST

Janet Yellen's computer targeted by Chinese hackers, sensitive data accessed

FILE PHOTO: Federal Reserve Chair Janet Yellen addresses a news conference following day two of the Federal Open Market Committee (FOMC) meeting in Washington, U.S., December 14, 2016. REUTERS/Gary Cameron/File Photo
Updated on Jan 17, 2025 11:22 am IST

Chinese hackers breach US Treasury, stole documents in ‘major incident’

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo
Published on Dec 31, 2024 08:19 am IST

Cyberattack: US Treasury breached by China-based hackers

The US Treasury Department said on December 30, 2024, that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress seen by AFP.
Published on Dec 31, 2024 03:12 am IST

Most Indian firms say sanctions by US unlikely to have an impact

The US Treasury Department building in Washington, DC. (AFP)
Updated on Nov 02, 2024 11:48 am IST

US says Russia was given Trump campaign polling data in 2016

Konstantin Kilimnik is mentioned by name 156 times in Robert Mueller's (in picture) 2019 report.
Published on Apr 16, 2021 11:02 pm IST

Janet Yellen set to become the first woman to head US treasury department

Janet Yellen at a news conference.
Published on Nov 24, 2020 10:10 pm IST

India hikes exposure to US govt securities in May

After marginally rising to USD 157.4 billion in April, the holdings jumped to USD 169.9 billion in May, an increase of around USD 13 billion in a month’s time.
Published on Jul 26, 2020 04:19 pm IST

US removes ‘manipulator’ tag on China ahead of deal

President Donald Trump with Chinese President Xi Jinping.
Updated on Jan 15, 2020 06:33 am IST

US blacklists Pak cop Rao Anwar for corruption, serious human rights abuse

US has blacklisted Pakistan cop Rao Anwar for corruption and serious human rights abuse
Updated on Dec 11, 2019 08:24 am IST

India removed from US currency monitoring list, China stays

The US Treasury Department has removed India from its currency monitoring list of major trading partners.
Updated on May 29, 2019 09:55 am IST

US sanctions Indian man, parents for role in global drug smuggling ring

Jasmeet Hakimzada has allegedly smuggled heroin, cocaine, ephedrine, ketamine and synthetic opioids into the United States, Australia, New Zealand, and the United Kingdom, the treasury department said.
Updated on Feb 21, 2019 02:14 pm IST

Fake eyelashes from N.Korea cost US cosmetics firm $1 million fine

In this file photo taken on September 11, 2005, A model gets false eyelashes applied backstage at the Diesel Spring 2006 fashion show during Olympus Fashion Week at Hammerstein Ballroom in New York City.
Updated on Feb 02, 2019 08:00 am IST