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The Latest Breaking News from Treasury Department

1st Native American treasurer to push economic development

The nation’s first Native American U.S. treasurer comes from a line of chiefs who instilled the importance of keeping her tribe healthy and “leaving fooprints” to follow for those who come behind

The Independent UK

New U.S. sanctions target Russian gold imports, defense industry

The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine.

Reuters

U.S. Treasury's Adeyemo discussed Russia sanctions implementation in Turkey visit

U.S. Deputy Treasury Secretary Wally Adeyemo traveled to Turkey this week where he discussed Russia's invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement on Saturday.

Reuters

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US sanctions Nicaraguan gold mining firm over ties to Russia

The U.S. has imposed sanctions on Nicaragua’s state-owned gold mining company and the president of its board of directors partly over the Central American nation’s ties to Russia

The Independent UK

US Pressures Iran with New Sanctions

The United States on Thursday imposed sanctions on Chinese and Emirati companies and a network of Iranian firms that help export Iran's petrochemicals, a step that may aim to raise pressure on Tehran to revive the 2015 Iran nuclear deal. The US Treasury department said it had imposed penalties on…

Asharq Al-Awsat

US adds Taiwan, Vietnam to currency monitoring list that includes Thailand

No major US trading partners such as China have been labeled as manipulating their currencies, but Taiwan and Vietnam were added to a "monitoring list" of foreign exchange policies, the Treasury Department said on Friday.

Bangkok Post

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

The Independent UK

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Four states receive first allocations of $10B broadband fund

The U.S. Treasury Department is sending more than half a billion dollars to expand broadband access in four U.S. states

The Independent UK

Amid crypto turmoil, senators propose sweeping oversight

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets

The Independent UK

U.S. imposes sanctions on Bosnia and Herzegovina federation's president -Treasury

The United States imposed sanctions on Monday on the president of the Federation of Bosnia and Herzegovina, Marinko Cavara, the Treasury Department's website showed.

Reuters

The American Rescue Plan Bailed Out Unprofitable Government-Owned Golf Courses

Perhaps the government shouldn't be running golf courses in the first place?

Reason

‘Putin-linked’ yachts, Russian billionaires are hit with new US sanctions

WASHINGTON — The US Treasury Department announced a new round of sanctions targeting what it said were yachts linked to President Vladimir Putin as well as allies of the Russian leader, in the latest set of penalties over the war in Ukraine.

Tribune News Service

LOCALIZE IT: Ideas for local coverage of federal COVID aid

EDITORS/NEWS DIRECTORS:

The Independent UK

Government Employees Got $872 Million in Bonuses Out of COVID Aid Cash

The federal bailout of state and local governments padded the paychecks of many public employees.

Reason

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Al Jazeera

US sanctions Russian officials, oligarchs, Putin’s megayachts

Among those targeted is also an oligarch who heads a major steel producer, the US Treasury Department said on Thursday.

The Independent UK

Live updates | Ukraine: Russian shelling kills 6 civilians

A regional governor in eastern Ukraine says at least six civilians have been killed by the latest Russian shelling

Asharq Al-Awsat

US Slaps Sanctions on Hamas Official, Finance Network

The United States on Tuesday imposed sanctions on a Hamas finance official and a network of financial facilitators and companies that have generated revenue for the Palestinian movement, the Treasury Department said. The sanctions target Hamas' Investment Office, which holds assets estimated to be worth more than $500 million, including…

The Independent UK

US to end Russia's ability to pay international investors

The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable

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Reuters

U.S. sanctions Hamas official and financial network, Treasury Dept. says

Bangkok Post

GSB ready to assist THAI, Oil Fuel Fund

The Government Savings Bank (GSB) stands ready to extend loans to Thai Airways International (THAI) and the Oil Fuel Fund to boost their liquidity if the government adopts a policy for it to do so, said GSB chairman Prapas Kong-Ied.

Bangkok Post

Higher Interest Rates Raise Risk of Future Fed Losses

The Federal Reserve's plans to raise interest rates aggressively to combat high inflation could have an overlooked and uncomfortable side effect for the central bank: capital losses.

Tribune News Service

Bitcoin and crypto prices are extremely volatile ⁠— What to do when they’re crashing

If there’s one word that describes Bitcoin and cryptocurrency, it’s volatile. Crypto prices soar and then seem to crash almost as quickly, while rumors, sentiment and fundamental developments are quickly factored into the market. Even seemingly reliable stablecoin TerraUSD has plunged as concerns quickly developed about its solvency, and the…

The Independent UK

Fed nominee Michael Barr calls inflation 'far too high'

President Joe Biden’s pick to be the Federal Reserve’s top banking regulator pledged Thursday to help reduce high inflation and provide clear rules to govern financial innovation

Reuters

U.S. sanctions Lebanese businessman, his companies over Hezbollah links

The U.S. Treasury Department on Thursday issued new Hezbollah-related sanctions, designating Lebanese businessman and the Iran-backed group's financial facilitator, Ahmad Jalal Reda Abdallah, and his companies.

Tribune News Service

US set to block Russian debt payments, raising odds of default

WASHINGTON — The Biden administration is poised to fully block Russia’s ability to pay U.S. bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of default.

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