Treasury Department

US Treasury Secretary Scott Bessent has hired Wall Street economist David Zervos to join the department. Zervos, chief market strategist at Jefferies and a former Federal Reserve and White House staffer, brings market-facing expertise into the Treasury's senior team as the administration's economic policies draw close scrutiny from investors.

The Treasury Department says new 'Trump Accounts' for children will be auto-enrolled, potentially creating up to 60 million accounts even for families who never signed up. Treasury Secretary Scott Bessent compared the program to the GI Bill, framing it as a generational investment in Americans. The automatic enrollment feature is drawing attention and debate about the government opening investment accounts for minors by default.

The US Treasury Department has launched a new support center for student loan borrowers, coinciding with data showing 9.3 million borrowers are now in default. The initiative is aimed at helping distressed borrowers navigate repayment options and relief programs as federal collection activity resumes. The scale of default is drawing attention to the mounting strain on households and the government's efforts to address it.

The U.S. Departments of Education and Treasury have jointly launched a new Defaulted Loans Support Center aimed at helping borrowers with defaulted federal loans. The center is expected to provide guidance on repayment options and ways to resolve defaults. Further details on the services offered and eligibility have not yet been widely reported.

The Treasury Department and the Internal Revenue Service have issued proposed regulations governing an education tax credit in the United States. The proposal was reported by the Journal of Accountancy. The rules would set out how taxpayers claim and administer the credit, and will likely be subject to public comment before being finalised.

The Treasury Department has confirmed that married couples can jointly contribute $3,400 under the Education Freedom Tax Credit, according to the America First Policy Institute, which announced the clarification. The guidance matters for families and donors using the federal school choice tax credit, and supporters of the program are highlighting it as a boost for education funding.

The US Treasury Department is planning to buy back long-term government bonds worth up to 6 billion US dollars. Commenters are highlighting that such liquidity injections have historically tended to boost Bitcoin's price, making the buyback a talking point in crypto circles as well as among market watchers tracking its effects on bond markets and liquidity.

The Treasury Department estimates that a new federal education tax credit could cost $26 billion by 2030. The figure gives the first concrete price tag for the program, which allows contributions toward private school scholarships in exchange for tax credits. The estimate is likely to fuel debate over the program's fiscal impact and its effects on public school funding.

The Treasury Department says the new Trump Accounts program will automatically enroll children, potentially creating around 60 million accounts. The savings accounts, created under recent legislation, are designed to give American children a head start on investing and saving from birth. The auto-enrollment provision means families would not need to take action to open an account, significantly expanding participation in the program.

The United States has imposed sanctions on three individuals and two charities accused of financing Hamas. The Treasury Department's action targets an alleged financing network, freezing any US assets and barring Americans from dealings with those designated. The move, reported by the Guardian, forms part of ongoing US efforts to disrupt funding channels to the Palestinian militant group.

The US Treasury Department is starting automatic enrollment of roughly 60 million children into so-called Trump Accounts this week. The program, created under legislation backed by President Trump, will open government-seeded investment accounts for eligible minors unless families opt out. The mass rollout is drawing attention for its scale and for questions about how parents will be notified and how the accounts will be managed.

The Treasury Department and the Internal Revenue Service have released proposed regulations governing the federal scholarship tax credit. The rules would set out how taxpayers claim credits for donations to organizations that grant scholarships, and how those organizations operate. Details on provisions and reaction from school choice advocates and public education groups remain limited, with a public comment process expected to shape the final rules.

The US Treasury Department has imposed sanctions on 10 entities accused of supporting Iran's military procurement networks. The designations target companies allegedly helping Iran obtain materials and technology for its armed forces, in line with Washington's ongoing campaign of economic pressure on Tehran. Coverage across multiple news outlets is focused on which firms were named and what the measures mean for US-Iran tensions.

The Treasury Department says so-called Trump Accounts will be created automatically for up to 60 million American children under the new federal savings program. The accounts, established through recent tax legislation, will give eligible children government-seeded investment accounts that families can build on over time. The announcement marks a major step in rolling out the program, which backers say will expand financial security for a new generation.

The United States has imposed sanctions on 10 individuals and entities accused of ties to Iranian military procurement networks. The action, announced by the Treasury Department, targets people and companies alleged to have helped Iran acquire materials and technology for its military programs. It is part of Washington's ongoing effort to tighten pressure on Iran's defense procurement channels.