The U.S. Treasury Department announced on Sunday that it will not enforce penalties under the Corporate Transparency Act, which requires millions of business entities to disclose the identities of their true beneficial owners.

US President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.

Lawyers representing the US Department of Justice have consented to a restriction preventing Elon Musk's Department of Government Efficiency (DOGE) from accessing sensitive payment system information within the Treasury Department.

The U.S. budget deficit has climbed to $1.833 trillion for fiscal 2024, marking the highest level outside the COVID era. This increase is largely attributed to interest on federal debt surpassing $1 trillion for the first time, along with rising expenditures for Social Security, health care, and military programs, according to the Treasury Department's report on Friday.

America's national debt has exceeded $35 trillion for the first time, News.Az reports citing data from the U.S. Treasury Department.