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Category treasury department

America’s debt load soars past $38 trillion in record climb

America’s debt load soars past $38 trillion in record climb

The US national debt has surpassed $38 trillion, marking one of the fastest increases in history and raising fiscal alarm.
Trump admin Treasury touts trade deficit reduction due to tariff, spending strategies

Trump admin Treasury touts trade deficit reduction due to tariff, spending strategies

The Trump administration’s Treasury claims its tariff strategy and tighter control of government spending are finally working to reduce the country...
Scott Bessent approves a $20B solo bailout for Argentina’s peso without IMF or international support

Scott Bessent approves a $20B solo bailout for Argentina’s peso without IMF or international support

US Treasury Secretary Scott Bessent has stepped into a storm that one of his predecessors, Larry Summers, knows all too well. Both men share a simi...
U.S. budget deficit shrinks to $1.78 trillion as tariffs hit record high

U.S. budget deficit shrinks to $1.78 trillion as tariffs hit record high

The U.S. deficit dropped to $1.78 trillion in 2025 as record tariff revenues helped offset record debt payments.
Accused CEO of Cambodian scam ring linked to Singapore family office

Accused CEO of Cambodian scam ring linked to Singapore family office

Chen Zhi, the chairman of Prince Holding Group, set up a Singapore family office that claimed special tax perks while allegedly running one of Asia...