The Treasury Department is the U.S. government’s financial steward, enforcing tax, customs, debt, and sanctions rules to keep the economy in check.
The United States has issued sanctions targeting IRGC-linked oil sales networks and front companies as it presses Tehran over its nuclear and regional activities. The move comes ahead of a high-stakes meeting between Donald Trump and Xi Jinping and follows a broader push to disrupt Tehran’s oil trade and its drone program.
The government has moved to speed up refunding billions in tariffs struck down by the Supreme Court, with courts pressuring CBP to open refunds to more importers while some firms have begun receiving payments.
The Trump administration has announced a new savings and investment vehicle for children in foster care, called Fostering the Future Accounts, with a one-time $1,000 deposit and potential ongoing contributions. States are signing on to enroll foster youth, and the program aims to boost asset ownership and long-term wealth for a vulnerable group.
The administration has expanded real-time data-sharing among banks to flag potential fraud and identify customers’ citizenship signals. The move broadens the use of information to combat illicit activity, with officials saying banks should know their customers and report suspicious activity.