Tag Archives: Treasure Department

The Washington Post reports: President Donald Trump on Monday appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau, a powerful watchdog agency whose oversight and enforcement actions Bessent immediately halted in a move that delighted big banks and enraged public-interest groups. In an email to agency staff, Bessent ordered the bureau to cease all …

The New York Daily News reports: A couple who lied about their business in order to score a $7.2 million PPP loan in late May used the funds to buy a $3.5 million, seven-bedroom house, and several expensive cars, according the federal government. Don Cisternino and his partner, Lori Quasky, allegedly claimed their company, MagnifiCo, had an average monthly payroll …

More Trumpian vetting by the Treasury Department: A Brooklyn man faces up to 20 years in prison after being accused of fraudulently securing $1.9 million in forgivable loans through the Paycheck Protection Program, using a portion of the funds to buy the most recent Bentley and Escalade vehicle, according to federal authorities. Leon Miles is accused of applying to the …

CBS News reports: Americans will have an extra three months to file their taxes this year after President Donald Trump ordered the Treasury Department to move Tax Day to July 15. The move comes just days after the Treasury secretary said it would defer $300 billion in payments to the Internal Revenue Service due to hardship brought on by the …

The New York Times reports: The Treasury Department’s internal watchdog has agreed to look into why designs of a new $20 bill featuring Harriet Tubman will not be unveiled next year. Senator Chuck Schumer of New York, the Democratic leader, last week asked the Treasury Department’s inspector general to open an investigation following Treasury Secretary Steven Mnuchin’s announcement at a …

CNN reports: The US has released a sweeping list of prominent Russian business and political figures, in defiance of Moscow and implementing a Congressional law designed to punish Russia for election meddling. The US Treasury report, published shortly before a midnight deadline, listed every senior member of the political administration at the Kremlin, and every Russian oligarch with a net …