The Latest Breaking News from Treasury Department

The US and UK on Tuesday slapped sanctions on four Syrians and two Lebanese involved in manufacturing and trafficking the amphetamine drug Captagon, the two governments said. The six include cousins of Syrian President Bashar Assad and notorious Lebanese drug lynchpins. Experts say Captagon is primarily produced in Syria and…

The United States on Tuesday imposed new sanctions against six people including two cousins of Syrian President Bashar al-Assad for their role in the production or export of Captagon, a dangerous amphetamine, a Treasury Department statement said.

The United States on Thursday imposed sanctions on 39 entities, including many based in Hong Kong, that Washington said facilitate Iran's access to the global financial system, describing them as a "shadow banking" network that moves billions of dollars. The US Treasury Department in a statement said those targeted had…

The Biden administration pick for the top job at the IRS was poised for confirmation before the Senate postponed the vote as debate continued on abortion legislation and a D.C. crime law.

​WASHINGTON — ​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

The Treasury Department said it’s costing $10 million this year to set up monitoring of U.S. outbound investment in sensitive technology.

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China. The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed. The sanctions were issued under a 2018…