Treasury News
Treasury
Data from the State and Local Fiscal Recovery Funds through March 31, which was released by the U.S. Department of the Treasury on July 14, shows that governments have used this American Rescue Plan funding not only to avoid service cuts and address the pandemic's immediate health and economic effects. The funds also were used to make critical long-term investments that will strengthen their economies and communities.
Treasury
Nelson: 'Sanctions demonstrate our ability and our resolve to exploit the financial vulnerabilities of networks involved in the illicit fentanyl trade'
The U.S. Treasury Department's Office of Foreign Assets Control sanctioned 10 people July 12, including Sinaloa Cartel members and fugitives as well as one entity with its headquarters in Mexico.
Treasury
Under Secretary Nelson: 'Treasury will not hesitate to target actors that abuse their positions for personal gain'
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a security official in Serbia. The sanctions against Aleksandar Vulin were implemented on July 11, a Treasury Department press release said.
Treasury
Federal judge Spero rules IRS request for user information from Kraken 'not overbroad'
As part of a court order, the digital asset exchange company Kraken will be mandated to provide the Internal Revenue Service (IRS) with select user account and transaction information from 2016 to 2020.
Treasury
Treasury's Adeyemo: 'The Homeowner Assistance Fund has helped keep hundreds of thousands of families in their homes'
New data released by the U.S. Department of the Treasury from the Homeowner Aid Fund through March 31, 2023, has revealed a substantial increase in homeowner aid.
Treasury
Adeyemo: 'Support for small business growth and access to capital is a key component of President Biden’s Investing in America agenda'
The U.S. Department of the Treasury recently announced $86 million for Mississippi under the State Small Business Credit Initiative of the American Rescue Plan.
Treasury
Nelson: 'Treasury’s sanctions disrupt key actors in the Wagner Group’s financial network and international structure'
The U.S. Department of the Treasury recently announced the sanctions of four companies and one person who were involved with PMC Wagner (Wagner Group) and the group’s founder Yevgeniy Prigozhin.
Treasury
McGinnis says lack of transparency 'only fuels Americans' distrust in their government' amid ethics concerns surrounding SEC chairman, Bankman-Fried meeting
The lack of transparency regarding Securities and Exchange Commission (SEC) Chairman Gary Gensler's meeting with Sam Bankman-Fried of cryptocurrency exchange FTX, is contributing to feelings of "distrust" toward the federal government.
Treasury
Rep. Ivory supports National State Lands Act for land conservation
Utah Rep. Ken Ivory, R-39th, said the American Lands Council’s (ALC) proposed National State Lands Act is the best solution for land conservation.
Treasury
Nelson: U.S. 'will continue to aggressively target those who seek to prey on desperate migrants'
A transnational human smuggling organization based in Mexico and several individuals and entities associated with it have been sanctioned by the U.S.
Treasury
Yellen: 'Treasury remains vigilant to countries’ currency practices and policy settings'
The U.S. Department of the Treasury has delivered to Congress its semiannual assessment of the economic policies of the United States' major trading partners.
Treasury
Warren, Wyden say controversial pro-golf merger could help Saudis to 'sportswash' its 'egregious' human-rights record
The surprise merger between the PGA Tour and Saudi Arabia's Public Investment Fund has raised concerns on and off the links over potential antitrust violations and human rights.
Treasury
Yellen: 'I am looking forward to discussing Treasury’s oversight of the international financial institutions'
U.S. Secretary of the Treasury Janet Yellen recently talked to members of Congress about the Treasury's oversight of the international financial institutions (IFIs).
Treasury
Adeyemo: Treasury 'provides critical services that touch the lives of millions of American families, workers, and businesses'
The Department charged with processing most of the federal government's payments has launched an initiative to better ensure fairness and transparency of its procedures.
Treasury
Treasury Department official cites need to target Mexican cartels 'engaged in production, distribution of synthetic opioids’
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has named two members of a Mexican cartel as responsible for trafficking high-caliber firearms from the U.S. into Mexico.
Treasury
Nelson: ‘Sanctions imposed today shine a light on Russia’s ongoing covert efforts to destabilize democratic nations’
Seven individuals in a malign influence group tied to Russian intelligence have been sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).
Treasury
Federal Reserve continues to target lowering inflation with higher interest rates
The Federal Reserve (Fed) is currently implementing monetary policies to counter high rates of inflation, but progress has been slow and inflation, although coming down, remains stubbornly high.
Treasury
Under Secretary for Terrorism: 'Treasury’s sanctions against the most senior Wagner Group representative in Mali identify and disrupt a key operative'
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently announced sanctions against a Mali-based leader of the Russian Wagner Group.
Treasury
Nelson: Sanctions 'highlight the DPRK’s extensive illicit cyber and IT worker operations'
Four entities and one individual have received sanctions for conducting illegal cybercrimes to help fund the North Korean government.
Treasury
Yellen: 'If Congress fails to increase the debt limit, it would cause severe hardship to American families'
U.S. Secretary of the Treasury Janet L. Yellen said the nation will be unable to pay its bills as soon as June 1 if the debt ceiling isn't raised.
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