Treasury Secretary Steve Mnuchin announced on Friday the administration will levy more sanctions on Iran following their attack on a U.S. air base in Iraq.

A House committee sued the Trump administration in federal court Tuesday for access to President Donald Trump’s tax returns, setting up a legal showdown over the records. The House Ways and Means Committee said it needs the documents for an investigation into tax law compliance by the president, among other things. It asked the court to order the administration to...

Maryland Gov. Larry Hogan is urging Treasury Secretary Steven Mnuchin to reconsider delaying the redesign of the $20 bill to feature abolitionist leader Harriet Tubman

The Trump administration on Friday hit Iran with new sanctions that target its largest petrochemical company for providing support to the Revolutionary Guard Corps. The Treasury Department imposed sanctions on the Persian Gulf Petrochemical Industries Company and 39 of its subsidiaries and foreign sales agents. It said the company holds 40% of Iran’s petrochemical production capacity and is responsible for...

The Trump administration on Friday missed another deadline to produce President Donald Trump’s tax returns. A top House Democrat said he expects to take the administration to court as early as next week over the matter. Treasury Secretary Steven Mnuchin said in a letter that he will not comply with a subpoena from House Ways and Means Committee Chairman Richard...

President Donald Trump on Wednesday acknowledged taking massive tax write offs for real estate losses topping $1 billion from the mid-1980s to mid-1990s, calling it “sport” among developers like himself during that period. Trump was reacting to a New York Times report Tuesday that his businesses lost more than $1 billion from 1985 to 1994. The newspaper said its reporting...

Treasury Secretary Steven Mnuchin has made it official: The administration won’t be turning President Donald Trump’s tax returns over to the Democratic-controlled House. Mnuchin told Ways and Means Committee Chairman Richard Neal, D-Mass., in a Monday letter that the panel’s request “lacks a legitimate legislative purpose” as Supreme Court precedent requires. In making that determination, Mnuchin said he relied on...

The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035,...

Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.

Treasury Secretary Steven Mnuchin, testifying before a House Appropriations subcommittee, said Tuesday he will “follow the law” regarding a request by House Democrats to see President Donald Trump’s tax returns.

Treasury Secretary Steven Mnuchin has agreed to deliver a classified briefing to U.S. House lawmakers on Thursday on his recent decision to lift sanctions on companies linked to a Russian oligarch and Vladimir Putin ally, marking the start of an aggressive new focus on Mnuchin by newly empowered House Democrats, according to two top Democratic aides. Read More

The United States imposed fresh Russia-related sanctions on Wednesday and said it intended to lift sanctions against Rusal Plc, EN+ and ESE, according to the Treasury Department. As NBC News reported, the three companies had agreed to restructuring changes including reducing Russian tycoon Oleg Deripaska’s stake. The Treasury added 18 individuals and four entities to the sanctions list, including the...

President Barack Obama said Harriet Tubman’s face would appear on the $20 bill, but Treasury Secretary Steven Mnuchin and President Donald Trump have suggested it’s not a priority. News4’s Aimee Cho reports on two Virginia history professors who are working to keep the effort alive.

U.S. Treasury Secretary Steven Mnuchin on Thursday listed his Upper East Side home for $32.5 million.

The Federal Reserve on Wednesday left its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed’s widely expected decision left the central bank’s key short-term rate at 1.75 percent to 2 percent — the level hit in June when the Fed boosted the rate for a...

Individual taxpayers will be able to use a postcard-sized form to file their returns for the 2019 tax season, CNBC reported. The form will replace the current 1040, 1040A and 1040 EZ forms, according to the Treasury Department. “The new, postcard-size Form1040 is designed to simplify and expedite filing tax returns, providing much-needed relief to hardworking taxpayers,” Treasury Secretary Steven...

President Donald Trump on Thursday cast doubt on the prospect of successful trade talks with China, saying the Asian economic powerhouse has become “very spoiled” because it usually gets its way with the U.S. Trump, in response to questions from reporters during a meeting with NATO’s secretary-general, said the United States has been losing $500 billion a year on trade...

Treasury Secretary Steven Mnuchin said Sunday that President Donald Trump using vulgar language Saturday at a Pennsylvania event is a “campaign rally issue.” Earlier on Saturday night, Trump hit the campaign trail for Republican House candidate Rick Saccone and spoke at a rally in Moon, Pennsylvania. In the long, apparently off-the-cuff address, the president widely attacked the media while telling...

Treasury Secretary Steven Mnuchin’s comment Wednesday suggesting that the U.S. could benefit from a weak greenback sent the dollar plummeting to its lowest level since December 2014. Thursday morning he told reporters in Davos that he spends little time thinking about the weakness of the dollar over the short term and that the administration is not concerned. The dollar index,...

Taking the first concrete step toward the Republican tax plan’s promise of fatter paychecks for millions, the Trump administration on Thursday issued new guidelines for how much employers should withhold as taxes from workers’ pay. The Internal Revenue Service published the new income-tax withholding tables to conform to the sweeping $1.5 trillion tax overhaul, the first major rewrite of the...