treasury – 9xm News

DC shooting: US Treasury to cut federal benefits to ‘illegal aliens’ amid Trump’s rant on immigrants from third-world countries

In a sweeping policy shift, the US Treasury has announced plans to limit federal tax benefits for undocumented immigrants, reflecting President Trump’s directive to prioritize American citizens. This decision comes in the aftermath of a tragic incident involving an Afghan national, which has reignited discussions on immigration from ‘Third World countries. The US Treasury is […]

US shutdown hits day 33: Treasury secretary says SNAP food aid could resume by Wednesday

AI-generated illustration SNAP food benefits for around 42 million Americans could resume as early as Wednesday, Treasury Secretary Scott Bessent said on Sunday morning, after two federal judges ordered the Trump administration to use emergency funds during the government shutdown. The action follows rulings on Friday by federal judges in Massachusetts and Rhode Island directing […]

UAE opens Shariah-compliant Treasury Sukuk (T-Sukuk) to individual investors for the first time | World News

Previously, Shariah-compliant Treasury Sukuk were available only to institutional investors, restricting access to large-scale financial entities and organizations/ Image:X The UAE is opening government-backed Islamic investments to the public for the first time. Through the new Retail Sukuk initiative, citizens and residents can now invest in Shariah-compliant Treasury Sukuk (T-Sukuk) digitally, gaining access to secure, […]

US government deadlock: Trump labels as ‘Democrat shutdown’; accuses opposition of blocking immigration measures

US President Donald Trump (PTI) As the US government shutdown entered its 18th day on Friday, President Donald Trump called it a “Democrat shutdown,” accusing the opposition of blocking efforts to curb illegal immigration.“The shutdown continues. The Republican Party is not going to pay a trillion and a half dollars to illegal immigrants coming into […]

America’s 250th birthday: Is US getting a $1 Trump coin? Here’s what Treasury said

The US Treasury is considering a $1 coin featuring President Donald Trump to mark the country’s 250th anniversary, a Treasury spokesperson said on Friday. In a post on X, Treasurer Brandon Beach shared a coin draft and said that the first drafts, photos shared by a user on X, honor America’s 250th Birthday. “No fake […]

TikTok ban looms in US: Treasury secretary Scott Bessent claims deal ‘very close’; Donald Trump says it’s ‘up to China’

The US and China are nearing an agreement regarding their TikTok dispute, according to US Treasury Secretary Scott Bessent’s statement on Monday during renewed trade discussions in Madrid.“On the TikTok deal itself, we’re very close to resolving the issue,” Bessent said while talking to journalists as he arrived at Spain’s foreign ministry for day two […]

‘We may declare … ‘: US treasury secretary Bessent signals possible housing emergency in fall; here’s why

US treasury secretary Scott Bessent US treasury secretary Scott Bessent said Monday that the Donald Trump administration is considering declaring a national housing emergency to tackle high housing prices and limited supply.“We may declare a national housing emergency in the fall,” Bessent told the Washington Examiner, as quoted by Fox News.Bessent said that lower interest […]

‘He wants to stay where he is’: Trump rules out treasury secretary Scott Bessent for Fed Chair; considers Warsh and Hassett instead

US treasury secretary Scott Bessent (Image credits: AP) US President Donald Trump said Tuesday that Treasury Secretary Scott Bessent is no longer being considered to replace Jerome Powell as Chair of the Federal Reserve, after Bessent expressed his desire to remain in his current role.“I love Scott, but he wants to stay where he is,” […]

Jamie Dimon: ‘Take a deep breath’: Jamie Dimon warns Trump’s tariffs could trigger US recession

File photo: JPMorgan Chase CEO Jamie Dimon (Picture credit: AP) JPMorgan Chase CEO Jamie Dimon on Wednesday warned that sweeping tariffs imposed by US President Donald Trump could push the US economy into a recession and unleash financial instability, as markets reel from the escalating trade war with China.According to Fox Business, Dimon said, “I […]