Us Treasury
US extends waiver allowing India, others to buy Russian oil till May 16
The waiver comes despite earlier US reluctance, as war-linked supply disruptions and Strait of Hormuz curbs push oil prices higher and test Western efforts to restrict Russia's revenues
 "US extends waiver allowing India, others to buy Russian oil till May 16")
Surge in US debt supply may raise global borrowing costs, warns IMF
The IMF pointed to a narrowing gap between the yields of AAA rated corporate bonds and Treasuries as a sign of reduced appeal for US government securities
 "Surge in US debt supply may raise global borrowing costs, warns IMF")
Will impose secondary sanctions if Iranian funds flow through China: US
The remarks come amid broader US efforts to tighten economic pressure on Iran and curb its financial networks, particularly those linked to oil trade and alleged support for proxy groups
 "Will impose secondary sanctions if Iranian funds flow through China: US")
Rupee snaps 5-day rally; bond yields rise on crude, US yield surge
Currency weakens and government bond yields rise as crude oil prices and US Treasury yields climb amid geopolitical tensions in West Asia
 "Rupee snaps 5-day rally; bond yields rise on crude, US yield surge")
Trump's signature on dollar bills to mark 250th year of US Independence
US President Donald Trump's signature is set to feature on US paper currency soon, a first for a sitting president since the introduction of dollar bills in 1861. The decision, taken by the US Treasury, coincides with the 250th anniversary celebrations of American Independence this year. "In celebration of America's 250th anniversary, President Donald J Trump's signature alongside (Treasury) Secretary Scott Bessent's will soon appear on US currency, marking a first in history, and symbolizes @POTUS' leadership and dedication to our great nation will carry a lasting impact," US Treasurer Brandon Beach said in a post on X. Earlier this month, a federal arts commission approved the final design for a 24-karat gold commemorative coin bearing Trump's image to help celebrate the 250th anniversary of American Independence. "Under President Trump's leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability," Bessent said i
 "Trump's signature on dollar bills to mark 250th year of US Independence")
US Treasury to terminate all use of Anthropic products, says Bessent
The US Treasury Department is terminating all use of Anthropic products, including use of its platform, Secretary Scott Bessent said a social media post on Monday.
US Treasuries fall after Supreme Court scraps President Trump's tariffs
Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%
 "US Treasuries fall after Supreme Court scraps President Trump's tariffs")
US inquiring about alleged Iranian oil imports, says Adani Enterprises
The inquiry adds to ongoing scrutiny of the conglomerate, including a US bribery probe in which the group's chairman has been indicted
 "US inquiring about alleged Iranian oil imports, says Adani Enterprises")
Trump sues IRS, Treasury for $10 billion over leak of tax records
President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal agencies of a failure to prevent a leak of the president's tax information to news outlets. The suit, filed in a Florida federal court on Thursday, was also brought by Eric Trump, Donald Trump Jr. and the Trump organization as plaintiffs. In 2024, former IRS contractor Charles Edward Littlejohn of Washington, D.C. - who worked for Booz Allen Hamilton, a defense and national security tech firm - was sentenced to five years in prison after pleading guilty to leaking tax information about Trump and others to news outlets. Littlejohn gave data to The New York Times and ProPublica between 2018 and 2020 in leaks that appeared to be "unparalleled in the IRS's history," prosecutors said. Trump's suit states that Littlejohn's disclosures to the news organizations "caused reputational and financial harm to Plaintiffs and adversely impacted President Trump's support among voters in the 2
 "Trump sues IRS, Treasury for $10 billion over leak of tax records")
Europe funding 'war' against itself: Scott Bessent on EU-India trade deal
Comments come ahead of India-EU free trade agreement talks and ongoing tariff disputes
Government bond yields rise to 10-month high tracking US Treasury yields
India's benchmark 10-year government bond yield rose to a 10-month high of 6.68% amid rising US Treasury yields, while markets await cues from the state bond auction
 "Government bond yields rise to 10-month high tracking US Treasury yields")
Australia, India invited to G7 meeting on critical minerals, says Bessent
The G7 includes the United States, Britain, Japan, France, Germany, Italy and Canada, as well as the European Union, most of whom are heavily dependent on rare earths supplies from China
 "Australia, India invited to G7 meeting on critical minerals, says Bessent")
Gold most stable asset during geopolitical tensions, says RBI staff study
An RBI staff study says gold remains the most stable asset during geopolitical stress, while crude oil is the most sensitive to shocks; silver and US Treasuries show intermediate reactions
 "Gold most stable asset during geopolitical tensions, says RBI staff study")
Trump may unveil his pick for US Fed chief before Christmas, says Bessent
Bessent has narrowed the search for a successor to Fed Chair Jerome Powell, whose leadership term expires in May, to five from as many as 11, and said in an interview with CNBC
Larry Summers to step back from public roles amid Epstein backlash
In one email, sent in October 2017, Summers told Epstein that Trump was the 'world s luckiest guy in terms of opposition, economy etc. still think his world will collapse'
 "Larry Summers to step back from public roles amid Epstein backlash")
Trump's $2,000 tariff 'dividend' echoes Covid-era stimulus checks
On Monday, Trump again posted on the payout idea on Truth Social, saying that the tariff revenue money "left over from the $2,000 payments" would be used to "substantially pay down national debt"
 "Trump's $2,000 tariff 'dividend' echoes Covid-era stimulus checks")
US-China talks planned next week as Trump plays down trade tariffs
President Donald Trump expressed optimism that talks with Chinese officials could yield an agreement to defuse the crisis that saw the US leader threaten to drastically hike tariffs
US budget deficit falls slightly to $1.78 trillion on record tariff revenue
President Donald Trump's dramatic tariff hikes helped spur a net $195 billion in tariff revenue for the fiscal year, which ended September 30
 "US budget deficit falls slightly to $1.78 trillion on record tariff revenue")
US injects $20 bn to stabilise Argentina's economy, Treasury buys pesos
President Donald Trump and Bessent are making a bet on a nation that's defaulted and devalued repeatedly over the past several decades
 "US injects $20 bn to stabilise Argentina's economy, Treasury buys pesos")
US Treasury considers $1 Trump coin to mark 250th independence anniversary
The draft design of the coin, which was overseen by the Office of the US Treasurer Brandon Beach, features Trump's profile on one side of the coin
 "US Treasury considers $1 Trump coin to mark 250th independence anniversary")