The U.S. Treasury is investigating what it calls “rampant benefits fraud” in Minnesota. As part of this effort, the department’s Financial Crimes Enforcement Network (FinCEN) has notified some businesses that they are under investigation for fraud centered around COVID-era tax incentives, U.S. Treasury Secretary Scott...
The U.S. and U.K. have established a task force to explore partnerships on capital markets and digital assets regulation. This effort is designed to bolster the “deep and historic connection between the world’s leading financial hubs,” the U.S. Treasury Department said in its announcement Monday...
It’s official: the penny’s days are numbered. After more than two centuries of jingling in pockets, lining cash registers and fueling both nostalgia and frustration, the one-cent coin will cease production early next year, the U.S. Treasury has confirmed. The decision, driven by mounting production costs...
After more than 200 years, it is time to say goodbye to the penny. As the Wall Street Journal (WSJ) reported Thursday (May 22), the U.S. Treasury Department will cease putting new pennies into circulation by early 2026. Eventually, the department told WSJ, there won’t...
April 03, 2023
Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this July when Federal Reserve launches its long-awaited payments service, FedNow Service. When FedNow goes live, there will be no turning back. Insiders on the government […]
September 16, 2022
Anyone expecting the blueprints for legislation to regulate cryptocurrencies from the three reports the Treasury Department released Friday (Sept. 16) will be sorely disappointed. While extensive, the reports produced in...
May 01, 2020
Since the launch of the Paycheck Protection Program (PPP) in early April, the single-minded focus of the U.S. Treasury, the banks approved to process PPP loans and the small- to medium-sized businesses...
March 19, 2026
House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity examined the Treasury-Fed Accord, a 1951 agreement designed to separate monetary policy and government debt management. During the hearing, task […]
January 11, 2026
The U.S. Treasury is investigating what it calls “rampant benefits fraud” in Minnesota. As part of this effort, the department’s Financial Crimes Enforcement Network (FinCEN) has notified some businesses that...
September 22, 2025
The U.S. and U.K. have established a task force to explore partnerships on capital markets and digital assets regulation. This effort is designed to bolster the “deep and historic connection...
May 22, 2025
After more than 200 years, it is time to say goodbye to the penny. As the Wall Street Journal (WSJ) reported Thursday (May 22), the U.S. Treasury Department will cease...