Treasury Department

The continuation of tax cuts by other means.

Under secretary Sigal Mandelker warns companies about the risks of dealing with the Islamic Republic.

Donald Trump has officially tapped his picks to run the Departments of the Treasury and of Commerce, according to the presidential transition. Trump will nominate Steven Mnuchin, the former Chief Information Officer at Wall Street firm Goldman Sachs, for Treasury secretary, while Wilbur Ross, a…

Companies doing business with Iran risk U.S. sanctions unless they take heightened measures to avoid benefiting sanctioned entities like the Iranian military, according to a State Department statement provided to THE WEEKLY STANDARD. The warning contradicts remarks made by Secretary of State John…

Guidelines published last month by the Obama administration protect banks doing business with Iran from U.S. sanctions even if their transactions end up benefiting sanctioned entities, according to Secretary of State John Kerry. That stance, experts and congressional sources tell THE WEEKLY…

The United States will harshly retaliate against any bank or company caught doing business that involves sanctioned Iranian entities, despite a recent announcement from the Treasury Department that had been broadly interpreted as loosening American sanctions against previously prohibited…

The Obama administration won't provide Congress with a range of details about a recent announcement that cleared the way for doing business with Iran, including Iranian firms controlled by sanctioned military and terrorist groups, according to congressional sources and experts who spoke to THE…

The United States paid Iran $1.7 billion in cash earlier this year, most of which was taxpayer money, around the same time that the Islamic Republic released several American prisoners, as first reported by the Associated Press.

The State Department refused to say whether it sent Iran $1.3 billion in January, claiming that they were obligated to withhold information about the financial transaction due to confidentiality.

Less than two months after Iran received $400 million in foreign currency in January, the world's top state sponsor of terror acquired another $1.3 billion in cash from the United States, based on statements of U.S. government officials.

Donald Trump’s newly released tax plan would add a staggering $10 trillion to the national debt over a decade, according to scoring by the Tax Foundation, a well-respected (especially in conservative circles) nonpartisan source.  To put that into perspective, that’s more debt than Barack Obama—by…

A wizened soul who worked in the bowels of the United States Treasury in the Eisenhower administration once explained to me all that is wrong with the U.S. tax code.  

The government shutdown may have ended last October, but the Treasury Department's voicemail is telling callers a different story. 

The House of Representatives will take up a bill that would stop the Department of the Treasury, including the Internal Revenue Services, from implementing and enforcing the provisions of Obamacare. The bill, authored by Georgia Republican Tom Price and co-sponsored by 114 other House members, is…

Treasury secretary Jack Lew asked Steven Miller, the acting commissioner of the Internal Revenue Service, to resign his post in response to the reports that the IRS had unfairly singled out conservative non-profit groups for close scrutiny. Miller has resigned, President Barack Obama said in a…

NBC's David Gregory suggested that the White House is blaming the growing IRS scandal on the Treasury Department for not "deal[ing] with this more quickly":

Jeff Sessions, the ranking Republican on the Senate Budget Committee, says he will oppose Barack Obama's nomination of Jacob Lew for Treasury secretary. " Sessions released a statement Thursday afternoon criticizing Lew's nomination. Here's an excerpt:

In a stunning development on Thursday, the U.S. Treasury Department accused the Iranian government of sponsoring al Qaeda. Treasury designated six al Qaeda terrorists and reported that they are working for a network headquartered in Iran. This al Qaeda network is “headed by Ezedin Abdel Aziz…

The Obama administration made the correct decision earlier this week to impose sanctions on Belarusneft, a subsidiary of the Belarusian petrochemical company Belneftekhim, for doing business with Iran. But it’s small beer – Belarusneft is hardly a major player in Iran’s energy industry. And this…

The inspector general for tax administration at the Treasury Department will investigate the allegation that an Obama administration official may have improperly accessed and discussed private taxpayer information.