Elon Musk wants the U.S. Treasury to be on a blockchain. That’s a terrible idea—take it from a big proponent of the technology
Even if security issues are ironed out—a big if—no one blockchain today could handle the sheer volume of Treasury payments.
Trump wants to scrap pennies. What does that mean for the copper industry?
The Lincoln one-cent coin could be scrapped, with Trump ordering the Treasury Department and U.S. Mint to stop producing the ...
What will dismantling the Education Department mean for your student loans?
The Trump administration is gearing up for large changes to the Department of Education, which oversees a $1.6 trillion ...
Treasury, Congress watchdogs launch audits into DOGE access to payment system
Two government watchdogs have launched audits into the new Department of Government Efficiency’s (DOGE) access to a sensitive ...
What dismantling the Department of Education could mean for colleges, student loans and college access
Efforts by the Trump administration to dismantle the Education Department are underway. Here's what it could mean for ...
DOGE’s access to Treasury data risks US financial standing and raises security worries, experts warn
The Department of Government Efficiency’s embed into the federal government has raised a host of concerns, transforming a ...
Trump orders Treasury to stop minting pennies: How much does it cost to mint a penny?
Trump orders Treasury to stop minting pennies. How much copper is in a penny? Here's how much it cost to mint a penny.
Here's what the privatization of Fannie Mae, Freddie Mac may mean for homebuyers and investors
Two mortgage giants essential to the U.S. housing market could be released from the government into the private sector. What ...
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Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
While the Fed’s monetary policy actions influence it, the 10-year Treasury yield is free floating, meaning that any number of factors can cause it to go up or down beyond the Fed. For instance ...
Treasury tells Congress that DOGE has ‘Read Only’ access to payment systems
DOGE’s access to the agency’s payment systems came after Treasury’s acting Deputy Secretary David Lebryk resigned from his ...