Treasury
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House Panel Advances Bill to Codify Strategic Bitcoin Reserve
The House Financial Services Committee advanced H.R. 8957 in a 28-21 vote, moving to codify federal Bitcoin holdings into law and ensure long-term custody.
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U.S. National Debt Hits $40 Trillion Milestone Amid Spending and Revenue Pressures
The U.S. national debt has hit a record $40 trillion, as surging interest costs now outpace defense spending and raise urgent alarms over fiscal stability.
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US Treasury Secretary Bessent Visits Iowa to Review Working Families Tax Cuts
US Treasury Secretary Scott Bessent visited Des Moines to assess the impact of the Working Families Tax Cuts, which officially launched new children’s savings accounts.
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Strategy Liquidation: Bitcoin Sale and Share Offering Boost Cash Reserves to $4.65B
Strategy liquidated 1,690 Bitcoin and sold $653.1 million in stock, prioritizing preferred share buybacks and a significant boost to its USD cash reserve.
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Australian Churches Warn of $3 Billion Tax Impact on Charitable Giving
Australian religious and non-profit groups warn that proposed tax reforms could trigger a $3 billion shortfall in annual charitable donations.
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Ed Miliband’s Shift to Chancellor Role Sparks Economic Debate
As Ed Miliband prepares for a pivotal role in the UK Treasury, market analysts and political observers weigh the impact of his proposed economic policies.
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Global Treasury Oversight Faces New Strains and Security Risks
From domestic fraud schemes to geopolitical tensions in the Strait of Hormuz, treasury departments are struggling to balance security and fiscal integrity.
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Trump’s Signature to Appear on US Dollar Bills
For the first time, U.S. currency will feature a presidential signature. Trump’s name will appear on dollar bills, replacing the Treasurer’s.
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Rachel Reeves’ EV Tax Plan Sparks Alarm, Threatens UK’s Electric Car Market Transition
Chancellor Rachel Reeves faces mounting pressure over a proposed ‘pay-per-mile’ tax on electric vehicles (EVs) from 2028, with forecasts predicting a significant slump in sales and jeopardizing the UK’s green transition goals. The plan, alongside high public charging costs, creates…