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#treasury

12 posts10 participants5 posts today
Replied in thread

@JayinKyiv

Isn’t there a big selloff in US Treasury bonds ongoing right now? This is definitely what Putin wants:

"US adding a tax to foreign holders of American income assets such as US Treasures is something you'd do if you wanted to destroy USD reserve currency status.”

Continued thread

The order was the latest admin victory in #SCOTUS in a case arising from #Trump’s blitz of executive orders. Like others, though, it was technical & tentative. The justices said their order would remain in place while the case moved forward.
The case concerned a preliminary injunction issued last month by a federal judge in California that ordered the admin to reinstate >16k probationary employees it had fired from the #Pentagon, the #Treasury, & the #Agriculture, #Energy, #VA & #Interior Depts.

Continued thread

In a 2-1 vote, the 4th U.S. Circuit Court of Appeals lifted a stay imposed by a Maryland federal judge against the #Musk’s #DOGE.

The appeals court also voted 8-7 against considering the matter "en banc," meaning all active judges would decide.

#Trump#law#InfoSec

WTF

#Musk's #DOGE team can access government #data for now, appeals court rules

A divided federal appeals court set aside a court order that had blocked the government downsizing team created by #Trump & led by #ElonMusk from seizing sensitive data from the #Treasury Department, #Education Department & Office of Personnel Management [#OPM].

#law #InfoSec #NationalSecurity #Privacy #AbuseOfPower
reuters.com/world/us/musks-dog

What the fuck were you thinking, Scott Bessent?! You’ve destroyed your reputation in six weeks! Six fucking weeks! LOL, motherfucker!

Top Trump Official So Freaked Out by Tariffs, He Wants to Quit | The New Republic
newrepublic.com/post/193634/do

The New Republic · Top Trump Official So Freaked Out by Tariffs, He Wants to QuitAnd so the revolving door of Donald Trump’s Cabinet members begins.
Continued thread

#Trump’s WH budget office has sought to understand the potential cost to maintain #Greenland if it were acquired…. They are also attempting to estimate what #revenue the #US #Treasury could gain from Greenland’s #NaturalResources.

…Trump has said repeatedly that the US will “get” Greenland.

“100%,” he told NBC News on Sat. Asked whether it would involve #force, he said that there is a “good possibility that we could do it without #military force” but that “I don’t take anything off the table.”

Judge Amy Berman Jackson in the National #Treasury Employees v. #RussVought (acting director of CFPB) ruled that the attempt to dismantle #CFPB is likely unlawful, & the recent claims by the #Trump admin that the agency was still performing its statutorily mandated duties was "nothing more than window dressing."

As such she ordered a preliminary injunction.

#law #ConsumerProtection #AbuseOfPower #Trump
ecf.dcd.uscourts.gov/cgi-bin/s

Continued thread

#Treasury Secy #ScottBessent has been spearheading negotiations on the mineral deal. In an interview…, he said the #US had "passed along a completed document for the economic partnership….”

#Trump has said a #minerals deal will help secure a peace agreement by giving the United States a financial stake in Ukraine's future. He also sees it as America's way of earning back…[the #aid] it has given to #Ukraine…. Most of the aid funds were spent in the US.

Continued thread

Inside DOGE’s Plan to Invade the Treasury—and Throttle USAID

Court filings show that from the earliest days of the 2nd #Trump administration, Elon Musk’s DOGE had a plan to infiltrate US Treasury payment systems—and turn them against USAID.
wired.com/story/elon-musk-doge

"reveal the extent of #DOGE penetration into the most sensitive systems at the #Treasury...

this access was in service of the admn’s plans to target #USAID."

#ElonMusk#Musk#Coup

"Treasury Department is set to lay off a ‘substantial’ number of employees, official says.'

“These plans will be tailored for each bureau, and in many cases will require separations of substantial numbers of employees through reductions in force (RIFs).'

The federal govt is being ransacked for #privatization. If Musk's DOGE isn't stopped soon, the damage may be permanent.

#Resist #Treasury #DOGE #Musk #Coup #USPol
cnbc.com/2025/03/26/treasury-d