Scott Bessent: “The latest actions could cut Russia's oil revenue 20% or 30%.”

Treasury continues to transform how the federal government protects taxpayer dollars by using better data, stronger controls, and advanced technology to stop fraud and improper payments before money goes out the door.

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.

We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.