US Treasury

President Donald Trump seemed to avoid questions he was asked by journalists regarding billionaire Elon Musk's official position within the Department of Government Efficiency, the federal department that the Tesla CEO supposedly heads.

Democratic lawmakers attended a "Nobody Elected Elon" rally to protest the Department of Government Efficiency's perceived influence in American affairs.

Musk, the world's richest person, is leading President Donald Trump's federal cost-cutting efforts under the so-called Department of Government Efficiency (DOGE).

Protesters gathered outside the OPM, vowing to continue demonstrating through the week in opposition to what they described as an attempted "coup" by Elon Musk.

Elon Musk claims the U.S. Treasury approved payments to fraudulent and terrorist groups, following the retirement of longtime Treasury official David A. Lebryk after a dispute over DODGE payment system access.

A top Treasury official left the agency after Elon Musk's allies allegedly demanded access to the Social Security payment system.

"El Chino" was arrested along with two other alleged suspects; authorities seized drugs, firearms and armored vehicles

Her comments at the Wall Street Journal's CEO Council Summit come as Trump has vowed broad tariffs of at least 10% on all imports, and higher rates on goods from China, Canada and Mexico.

Donald Trump is considering Kevin Warsh to become the next Treasury Secretary under his term.

According to a report by the Treasury Department on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.

The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.

Yellen arrived in the southern city of Guangzhou on Thursday for several days of talks with Chinese officials on her second visit to the world's second-largest economy in less than a year.

The action to be rolled out on Friday will hit "Russia, its enablers, and its war machine," a Treasury spokesperson told AFP.

If approved, the new rules would require investment advisers to file suspicious activity reports

US companies have long complained about what they see as an unfair business environment in China, with limited protection for intellectual property and preferential treatment afforded to domestic competitors.

The trip comes amid the U.S. Treasury Department's announcement of a "counter-fentanyl strike force," as "combatting the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department."

On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak.

With inflation at a 40-year high, President Joe Biden on Wednesday signed an executive order instructing the Treasury and Commerce Departments and corresponding agencies to report back to him on the future of money as the country explores if it should create its own crypto-like U.S. Central Bank Digital Currency.