US Treasury Department

US treasury halts enforcement of corporate transparency act and BOI reporting, Donald Trump says ‘exciting news’ – The Times of India

alishpagda08@gmail.com4 months ago04 mins

File photo: US President Donald Trump (Picture credit: ANI) The US treasury department announced Sunday that it will no longer enforce the Corporate Transparency Act (CTA) and its associated Beneficial Ownership Information (BOI) reporting requirements.The decision effectively suspends penalties for US citizens and domestic companies, shifting enforcement efforts toward foreign businesses.The move was welcomed by…

US records $87 billion budget deficit for first three months of fiscal year 2025

alishpagda08@gmail.com5 months ago01 mins

The US government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year, the US Treasury Department said on Tuesday. The Treasury, releasing its final budget report before President-elect Donald…

US Treasury alleges cyberattack by Chinese hackers in ‘major incident’

alishpagda08@gmail.com6 months ago03 mins

Chinese state-sponsored hackers breached the US Treasury Department’s computer security guardrails this month and stole documents in what Treasury called a “major incident,” according to a letter to lawmakers that was provided to Reuters on Monday. The hackers compromised third-party cybersecurity service provider BeyondTrust and were able to access unclassified documents, the letter said. According…