U.S. Department of the Treasury · Full chronicle and history

The U.S. Treasury Department has released its quarterly refunding plan. The destination of funds in its Treasury General Account (TGA) and the year-end target have become the focus of market attention, as the subsequent release of funds will replenish reserves in the banking system.

The Treasury General Account (TGA) balance has reached $1.04 trillion, and the Treasury's bond issuance has drained liquidity, leading to a significant decline in commercial bank reserves.

According to a tweet posted by X user @__Inty__ on October 19, 2026, U.S. Secretary of the Treasury Scott Bessent said that after the two sides reached a diesel-related agreement, the U.S. side did not lift or ease any sanctions on Russia.

According to remarks by Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), cited by the X account @clashreport, the U.S. Treasury Department has approached the fund for assistance in addressing domestic diesel supply issues in the United States. Dmitriev also said that a growing number of Americans, including insiders in the government, are beginning to realize that sanctions against Russia have in fact harmed America's own interests.

The US Treasury Department announced a $1.2 billion fine against Bank of America for failing to effectively combat border-related money laundering networks and illegal financial activities.

The total public debt announced by the U.S. Treasury has reached $40.31 trillion, leaving only about $800 billion before the limit at that time; the Committee for a Responsible Federal Budget estimates that the debt ceiling will be hit again in mid-to-late 2027.

On September 29, days after the Trump-Xi meeting ended, the U.S. Treasury Department announced sanctions on 10 individuals and entities, including Tabatabai, the Iranian defense sector's procurement representative in Beijing, Hong Kong company EC Mojo Technology, and its China-based representative Li Fen, accusing them of supporting the procurement of weapons systems, dual-use components, and electronic components for Iran within China. The assets of the sanctioned targets in the United States will be frozen.

The U.S. Department of the Treasury has released a new wave of sanctions targeting nearly 60 entities, individuals, and vessels, including several companies in China and Hong Kong, alleging they provide support to Iran's nuclear and oil networks.

John Moolenaar and Jason Smith sent a letter to the US Treasury Secretary and the IRS Commissioner, demanding an investigation into several non-profit organizations allegedly linked to the Chinese Communist Party and their tax-exempt status.

The US Department of the Treasury announced that starting September 23, it will completely cut off the global operations of Iran's airlines, denying landing and fueling services, and will impose sanctions such as SWIFT expulsion on external entities assisting Iran.

The U.S. Treasury Department announced on September 14 that it was re-adding Russia's VTB Bank to the sanctions list, accusing it of establishing correspondent banking relationships with sanctioned Iranian banks, transferring Iran's frozen assets, and building a local currency settlement system to help Iran evade sanctions.

The U.S. Treasury Department announced sanctions against the Singapore-based Xinbi Guarantee platform, saying it has processed approximately $24 billion in assets since 2022 and provided money laundering, victim data and other services to telecom fraud gangs in Southeast Asia and Madagascar; the sanctions order named the Prince Group and the Huione Group; the Justice Department had previously announced the freezing of $52 million in related cryptocurrency.

The United States added 36 entities — Iran's remaining 27 airlines besides Mahan Air, plus related entities — to the sanctions list, including intermediary companies that transferred Boeing aircraft to Mahan Air via the UAE and Turkey. The U.S. Financial Crimes Enforcement Network (FinCEN) simultaneously issued an alert targeting Iran's civil aviation industry, aiming to cut off Iran's lifeline of funds and materials.

US Treasury Department official Bessent pointed out that not a single barrel of Iranian crude oil has been shipped out since August 25.

On September 4, 2026, the U.S. Treasury Department announced sanctions against a Turkish investment bank and its subsidiaries, accusing the bank of helping Iran's shadow banking network route and launder oil trade payments from China.

The US Treasury Department sanctioned Turkey's Golden Global Bank and its subsidiaries, accusing them of providing money laundering and correspondent banking services for oil trade between the Iranian Revolutionary Guard and the Chinese Communist Party, cutting off Iran's financial lifeline in Turkey.

In early September 2026, the US Treasury sanctioned the UAE branch of an Egyptian bank under the "economic outcast" operation. The bank was accused of having business dealings with the Chinese Communist Party (CCP), including local currency swaps, in the same series of actions a week before Golden Global Bank was sanctioned.

The U.S. Treasury Department announced sanctions against an Egyptian bank's branches in the United Arab Emirates and related Hong Kong shell companies, accusing them of providing multi-billion-dollar money laundering channels for the Iranian regime and terrorist organizations.

The US Treasury Department announced on Monday an economic offensive against Iran, targeting five economic lifelines: digital assets, technology, gold, aviation and shipping, warning that those who help Iran evade sanctions will pay the price.

The United States announced sanctions against multiple transnational far-left terrorist networks, including Italy's tech service platform AI Collective and Masabadiel, a front organization related to the Popular Front for the Liberation of Palestine, to cut off their financial and digital lifelines.

Without any advance notice, the U.S. Treasury suddenly announced that it would raise the liquidity buyback cap for long-end old bonds with maturities of 10 to 30 years from $2 billion per operation to $4 billion.

Within 24 hours of Bessent announcing an open-ended buyback, the 30-year US Treasury yield erased the previous day's decline and reclaimed 5.25%, while the Dow dropped 700 points intraday — the market slapping the Treasury Department's buyback policy in the face at the speed of light.

The US Treasury Department announced the lifting of sanctions on Iraq's Baghdad Airways, while stating that this does not represent a softening of its stance toward Iran and the Islamic Revolutionary Guard Corps.

US Treasury Secretary Bessent confirmed that the US and Japan have taken coordinated foreign exchange intervention measures and will continue to maintain communication with the Japanese Ministry of Finance and the Bank of Japan.

Ohio Senator Bernie Moreno has called on Treasury Secretary Scott Bessent to initiate a national security review of Zhongrun Guangneng's plan to purchase or lease facilities near Wright-Patterson Air Force Base.

The US Treasury Department imposed sanctions on multiple companies and individuals in China, India and Russia, accusing them of providing logistics and commercial support to Iran's Mahan Air.

The U.S. Treasury announced new sanctions targeting 10 entities, 8 oil tankers, and related insurance institutions involved in oil transportation through the Strait of Hormuz.

The US Treasury Department has imposed a new round of sanctions on Iran, targeting a financial manager responsible for overseeing a global asset network that benefits the Iranian leadership.

The U.S. Treasury Department has revoked a temporary license previously issued to Iran that authorized it to produce, transport, and sell oil.

On May 4, 2026, the U.S. Department of the Treasury released its financing estimate, projecting net marketable borrowing of $671 billion for the July–September quarter and assuming a cash balance of $950 billion at the end of September.

The U.S. Department of Justice, the Department of the Treasury and multiple other agencies jointly announced a special operation codenamed targeting scam centers, indicting Chinese criminal suspects, shutting down Telegram channels and fake websites, offering rewards for their capture and sanctioning relevant implicated individuals and entities in Myanmar's Taichang and Cambodia.

The U.S. Department of the Treasury has begun regularly repurchasing specific maturities of government bonds through multi-price reverse auctions, aiming to support liquidity in the government bond market.

In 2022, the U.S. Treasury sanctioned Turkish businessman Sitki Ayan and the network of companies he controls, which had transferred hundreds of millions of dollars in oil sales proceeds for the Islamic Revolutionary Guard Corps' Quds Force and was an upstream link in the business allegedly conducted by Golden Global Bank.

In mid‑2020, despite the easing of the pandemic and a rising stock market, the U.S. Treasury issued bonds wildly to implement massive fiscal stimulus, causing a huge inflow of market funds into Treasury bonds; viewed purely from the liquidity pipeline, the pressure index surged to 1.5, the highest in 11 years.

After a long tug-of-war, the Treasury and the Federal Reserve signed a famous accord, under which the Federal Reserve was freed from the obligation to peg government bond interest rates and regained the power to set interest rates, laying the foundation for central bank independence.