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We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits
We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits
Authored by Stu Cvrk via American Greatness,
On April 23, the US Treasury Department announced that the IRS plans to revise Form 990—the annual information return filed by tax-exempt organizations—to improve transparency and strengthen oversight, specifically targeting reporting on government contracts, government grants, and fiscal sponsorship arrangements. The stated goals are to detect misconduct and hold wrongdoers accountable.
Treasury Secretary Scott Bessent put the matter bluntly: “We are ending the days of hiding fraud, abuse, and extremist activity behind...
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Apr 23, 2026 / Tyler Durden
PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co.
Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the...
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Apr 30, 2026 / Tyler Durden
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russia Says UAE's 'OPECxit' Won't Spark Immediate Price War
Russian Deputy Prime Minister Alexander Novak, quoted by the Russian news agency Interfax, downplayed fears that the UAE's planned OPEC exit will trigger an immediate oil price war and race to the bottom.
"In the current situation, what kind of price war can there be when there is a shortage in the market?" Novak said, adding with the Strait of Hormuz remaining all but closed, "a huge amount of oil isn't reaching the market today, and demand is significantly higher than...
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Aug 26, 2026 / Tyler Durden
Chinese Hackers Broke Into NASA, Federal Reserve, DOJ & Senate: FBI Announces
Chinese Hackers Broke Into NASA, Federal Reserve, DOJ & Senate: FBI Announces
The United States Department of Justice has on Wednesday announced US authorities thwarted a major state-sponsored hack which saw a temporary intrusion into NASA, the Federal Reserve, Senate, the DOJ, Department of Energy, and the Department of Health and Human services, along with four unnamed companies in the US and South Korea.
"Today we announced the disruption of a global botnet and hacking platform used by Chinese state-sponsored hackers to target U.S. critical infrastructure," said FBI Director Kash Patel.
"These...
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