Articles on US Treasury Department

Displaying all articles

Treasury Secretary Scott Bessent holds up an image of the proposed $250 bill in May 2026. Jacquelyn Martin/AP Photo

Featuring Trump on US coins and bills would put America in rare company

A professor of international relations counted the sitting leaders on over 1,000 of the world’s banknotes and coins; almost every one of them is a king or a queen.
Coast Guardsmen stand in front of two truckloads of liquor seized on April 14, 1931, after a battle between three policemen and several alcohol smugglers near Falmouth, Mass. AP Photo

Enforcing Prohibition with a massive new federal force of poorly trained agents didn’t go so well in the 1920s

Both Prohibition and current mass deportation efforts were hastily built, staffed by people permitted to use force, and had difficult objectives to achieve.
Brown University is one of the Ivy League universities that has recently made a deal with the White House to end the government’s inquiry into its treatment of Jewish students, among other practices, on campus. Kyle Mazza/Anadolu via Getty Images

Exactly what is in the Ivy League deals with the Trump administration – and how they compare

Harvard University is the latest school that is nearing an expensive settlement with the Trump administration. The different deals are complex, but share a few similarities.
Air passenger safety is just one of many responsibilities of the Department of Homeland Security. Daniel Slim/AFP via Getty Images

Job of homeland security secretary is to adapt almost continuously to pressures from the department, the public and the world at large

The Department of Homeland Security’s massive bureaucracy has many critical national security functions and spends billions of taxpayer dollars seeking to keep the nation safe.
Speaker Kevin McCarthy said the House would vote on a debt ceiling bill ‘within weeks.’ AP Photo/Seth Wenig

Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high‑stakes game

House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
U.S. taxpayers spend more than $2 billion annually in tax preparation fees. Nora Carol Photography/Getty Images

Why can’t the IRS just send Americans a refund – or a bill?

Dozens of prosperous countries save billions of dollars and hours annually by not requiring residents to fill out tax returns, so what is the United States waiting for?
Sen. Mitt Romney, R-Utah, at a Senate GOP lunch meeting on March 20, 2020, to discuss the ‘phase 3’ coronavirus stimulus bill. Getty/ Drew Angerer

How one federal agency took care of its workers during the yellow fever pandemic in the 1790s

Today’s coronavirus pandemic has echoes in the yellow fever pandemic of the 1790s. Then, as now, workers struggled with how to support themselves and their families. One federal agency had the answer.
Have you ever wondered why U.S. money is green? Yulia Grigoryeva/Shutterstock.com

Why are dollar bills green?

The color of American money goes back to the British colonies.
The financial system is awash with money, which is why interest rates have been so low for so long. (Shutterstock)

How banks have set a trap for the U.S. Fed by creating money

It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?

Top contributors

More