The U.S. Treasury Department has accused Mexican rapper El Makabelico of using his concert and streaming revenue to launder money for a cartel. On Wednesday, the government agency announced sanctions on the musician, born Ricardo Hernandez Medrano, for allegedly being a “prominent associate” of Cartel del Noreste. In a Wednesday …
Read More »Trump as Bond Market Craters: 'BE COOL!'
Another key recession indicator is rearing its head as President Donald Trump’s administration enacts reciprocal tariffs on large swaths of goods imported into the United States. On Wednesday morning, the price of U.S. Treasury bonds took a nosedive, while yields spiked — a sign that bond holders are dumping their …
Read More »Trump and DOGE Are 'Trying to Get Around' Privacy Laws to Gather Your Personal Info
Across the federal government, Elon Musk’s so-called Department of Government Efficiency (DOGE) has gained access to untold volumes of data containing the personal information of hundreds of millions of Americans. The data includes information like addresses, tax filings, family members, and medical records for everyone from average citizens receiving Social …
Read More »Can Trump Arbitrarily Take Money From Anyone's Bank Account?
Nathan Tankus publishes the Notes on the Crises newsletter. In my last column in Rolling Stone 37 days ago, I explained that the constitutional crisis that Elon Musk and Donald Trump set off by refusing to spend what Congress ordered the executive branch to spend — a process known legally …
Read More »Treasury Secretary: 'Access to Cheap Goods Isn't the Essence of the American Dream'
If Republicans’ crusade to fire tens of thousands of federal employees, raise prices through an ill-advised trade war, gut Medicaid and other social services, and generally make things more difficult for working class Americans wasn’t enough, they would also like you to stop being such a baby about it. On …
Read More »'Exciting News': Trump Brags About Gutting Anti-Money Laundering Law
The Trump administration has neutered a Treasury Department anti-money laundering rule requiring shell companies to disclose their owners and beneficiaries. On Sunday, the Treasury announced that it would “not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will …
Read More »'Acting Like a King': Michigan's Attorney General on the Lawsuit to Undo Musk's Damage
Elon Musk and the so-called Department of Government Efficiency are operating unconstitutionally, and their actions must be reversed. That’s the striking claim made in a lawsuit filed by 14 state attorneys general on Feb. 13 in federal court. The lawsuit runs 60 pages, detailing the chaos Musk and his DOGE …
Read More »DOGE's 'Nerd Army' Is Breaking the Government by Threatening to Snitch to Elon
Every regime’s enforcement mechanisms rely on threats and politicized intimidation. In the case of Elon Musk and Donald Trump’s ongoing power grab, it’s involved young staffers with Musk’s so-called Department of Government Efficiency (DOGE) barging into different federal agencies, departments, and institutes, demanding that security officials and other senior staff …
Read More »Federal Judge Temporarily Blocks DOGE's Access to Treasury Department Data
A federal judge temporarily blocked Elon Musk and the so-called Department of Government Efficiency (DOGE) from accessing sensitive and confidential information within the Treasury Department. In a decision Saturday — which followed 19 state attorneys and unions suing the federal government over DOGE’s access to the Treasury’s payments system — …
Read More »Treasury Officials Warn Musk's DOGE Boys Are a 'Threat Risk' to U.S. Payment Systems
Since the names of the younger, inexperienced people working for Elon Musk‘s so-called Department of Government Efficiency (DOGE) have become public, a flurry of reports have detailed their troubling histories of extremism and severe workplace infractions. One individual who resigned Thursday over revelations of racist posts on his X account …
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