What is Trump’s Crypto Reserve Plan?
The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.
Treasury Department
DOGE Claims Credit for Killing Contracts That Were Already Dead
Elon Musk’s group claimed credit for canceling procurement agreements that had been completed years earlier, the latest in a string of public errors on its site.
Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.
Judge Questions Constitutionality of Musk’s DOGE Operation
The judge expressed concern over the unresolved issues about who is in charge of Elon Musk’s so-called Department of Government Efficiency, if it is not Mr. Musk, as the White House has claimed.
Confusion Reigns Over Musk’s ‘What Did You Do Last Week?’ Email
President Trump said workers would be “sort of semi-fired” or fired if they didn’t comply. The Office of Personnel Management said responses were voluntary. Federal workers said they didn’t know what to do.
I.R.S. Bars Musk Ally From Seeing Personal Information
A document setting the terms of work at the I.R.S. by Gavin Kliger, a software engineer on Elon Musk’s team, only allows him to see anonymized taxpayer information.
Bessent to Skip G20 Finance Ministers Meeting in South Africa
The Treasury secretary is the second top U.S. official to boycott the Group of 20 gatherings because of rising tension with South Africa over its land policies.
Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
The president said the planned duties were a response to China’s failure to curb fentanyl exports.
Trump’s Executive Order to End E.V. Subsidies Draws Pushback
Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.