CBO’s July Budget Review Is Listed, but Deficit Figures Are Not Included
The Congressional Budget Office lists a July 2026 budget review, while the latest completed report showed a $1.4 trillion deficit through June.
Treasury Department
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IRS to phase in automatic penalty relief for taxpayers with timely histories
The IRS says a new automatic process will begin phasing in during summer 2026 for eligible taxpayers with three years of timely filing and payment history.
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Federal student aid is shifting toward Treasury. What borrowers should know
A three-phase Education-Treasury agreement targets defaulted-loan collections first, while staffing cuts and new repayment rules raise accountability questions.
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White House convenes world officials on “radical left terrorism”—nonprofit watch
July 16: White House and Treasury say “radical left terrorism” is transnational—and point to expanded scrutiny of charity and nonprofit finance.
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Treasury expands bank fraud-sharing rules, with immigration checks in the mix
FinCEN’s June 12 guidance lets banks share more suspected-fraud data under Section 314(b), while immigration-related compliance pressure looms.
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U.S. widens Iran sanctions campaign with crypto exchanges and LPG tankers
Treasury’s June 2 and June 5 sanctions hit Iran crypto exchanges and an LPG-smuggling network, raising compliance risk for U.S. banks and trade firms.