Student loans to go to Treasury Department
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A major shift in the federal government is underway. Education Secretary Linda McMahon announced on Thursday a historic partnership to offload the Department of Education’s nearly $1.7 trillion student loan portfolio to the Treasury Department.
In total, deficits post-ruling will be $2 trillion larger than they were before the Supreme Court decision.
U.S. Treasury yields jumped on Friday as investors anticipated inflationary pressures resulting from the Middle East war.
Spain's Prime Minister called U.S. strikes against Iran "unjustified." When other foreigners in power have used similar language against the U.S. or Israel, they were sanctioned by the Treasury.
The Treasury Department added Cuba to a list of countries restricted from taking delivery of Russian oil after a tanker of the fuel appeared to be headed to the island, which is under a US naval blockade.
The Treasury Department on Wednesday eased sanctions on some Venezuelan oil companies in an apparent bid to help global oil supply amid a deepening economic crisis due to the escalating conflict with Iran.
A legal alert from Wiley indicates that importing silver silicon wafers for domestic anti-reflective coating may disqualify solar cells from the 10% domestic content bonus credit despite conflicting customs rulings.
Crypto markets found footing this week after US Treasury Secretary Scott Bessent pushed back on speculation that the government would intervene in oil markets. On March 16, Bessent dismissed rumors that the Treasury Department was preparing to step into energy markets to control prices.