Treasury Employee Arrested for Leaking Confidential Information Related to Mueller Probe

A senior employee at the U.S. Treasury Department has been arrested on suspicion of leaking large amounts of confidential information, most notably financial reports related to special counsel Robert Mueller’s investigation into Russian interference in the 2016 presidential election and possible collusion in it with the Trump campaign. The woman, Natalie Mayflower Sours Edwards, was […]

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Trump Administration Unveils New Tax Form That’s the Size of a Postcard

The Treasury Department has unveiled the 2019 IRS Form 1040 – the form many Americans use to file their taxes – and there is a peculiar twist to the new version: it’s the size of a postcard. It is the fulfillment of a promise to simplify the U.S. tax code for the majority of Americans. […]

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Average U.S. Tariffs Less Than Half Those of China Research Shows

Analysis by Pew Research has revealed that the U.S. has among the lowest tariff rates against imported goods in the world. It also shows that its current tariff rates are close to the lowest they’ve been in the nation’s history. In 2016 the average tariff applied by the U.S. on imported goods was 1.61%. That […]

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China Announces Retaliatory Tariffs, Sparking Fears of a Trade War

The government of China announced retaliatory tariffs against the U.S. for levies signed by President Trump yesterday that raise duties on Chinese made goods entering the U.S. The President signed penalties that amount to $50 billion, and may equal as much as $60 billion, in an effort to bring the U.S.’ trade deficit, and its […]

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President Trump Levels $50 Billion in Tariffs Against China, Hints More May Be to Come

President Trump announced his administration would be imposing $50 billion on Chinese made goods entering the U.S. The measures, the President said, are aimed at correcting what he called, “the largest deficit of any country in the history of our world.” “It’s out of control,” he added. The taxes are aimed at intellectual property theft […]

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Trump Administration Set to Announce Sweeping New Sanctions Against North Korea

The Trump administration is set to announce a sweeping new set of sanctions against North Korea in the latest effort to prod the regime to abandon its nuclear weapons development program.  President Trump is set to unveil the new sanctions during his address to the Conservative Political Action Conference this morning, and the U.S. Treasury […]

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Senator Wyden Requests Documents About Multi-Million Dollar Real Estate Sale from President Trump to Russian Billionaire

Senator Ron Wyden has requested documents from the U.S. Treasury Department relating to a property in Palm Beach, FL, that President Trump sold to a Russian oligarch.  “It is imperative that Congress follow the money and conduct a thorough investigation into any potential money laundering or other illicit dealings between the President, his associates, and […]

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Trump Administration Submits List of Russian Oligarchs Required by Congress, Copies Names from Forbes.com

The Trump administration admits that it derived a list of wealthy Russian oligarchs that it was required to submit to Congress from a list of wealthy Russian businessmen on Forbes.com.  Asked if there was any truth to the rumors that the list was inspired from the Forbes list, a Treasury spokesperson said, “yes.” “The names […]

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White House Defies Congress, Says No New Russian Sanctions Needed at This Time

The Trump administration has declined to impose new sanctions against Russia, saying that a bill passed by Congress last year authorizing new sanctions is itself working adequately. “Given the long time frames generally associated with major defense deals, the results of this effort are only beginning to become apparent. From that perspective, if the law […]

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