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The Latest Breaking News from Treasury Department

Series I bond rates decline to still-high 6.89% ⁠— here’s how to buy them

If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The Treasury Department announced that I bonds will now pay 6.89% for a full six months on any bonds…

Tribune News Service

US Sanctions Oil Smuggling Network Supporting Iran's Quds Force

The United States on Thursday imposed sanctions on an international oil smuggling network it accused of supporting Lebanon’s Hezbollah and Iran's Quds Force, as Washington seeks to increase pressure on Tehran. In a statement, the US Treasury Department said it designated members of the network that facilitated oil trades and…

Asharq Al-Awsat

Russian hackers account for most 2021 ransomware schemes, U.S. says

Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a U.S. financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed.

Reuters

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Treasury sanctions IS-Somalia weapons traffickers, al-Shabab

The Treasury Department has announced sanctions against a weapons trafficking network affiliated with the Islamic State group in Somalia and the al-Qaida-linked al-Shabab extremist group, which are accused of carrying out deadly terrorist acts on civilians including car bombings

The Independent UK

Trump seeks halt to House tax data access

Former US president Donald Trump is trying to stop his tax returns from being handed to a congressional committee.

The New Daily

Trump asks Supreme Court to block disclosure of his tax returns

WASHINGTON — Former President Donald Trump has asked the U.S. Supreme Court to block a congressional committee from getting years of his tax returns.

Tribune News Service

Trump asks justices to keep tax returns from House committee

Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee

The Independent UK

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US sanctions Iran-based group that put bounty on Salman Rushdie

Treasury Department accuses the 15 Khordad Foundation of inciting violence by offering a bounty of more than $3m.

Al Jazeera

Appeals court: Release Trump's taxes

Trump could still appeal to the Supreme Court — and run out the clock before potential GOP House takeover

Salon

The Rate Hike Investors Actually Like Crashes The TreasuryDirect Website

Inflation hedge Series I savings bonds paying 9.62% unleashed a flood of buyers to the Treasury Department website on Wednesday, crashing the website ahead of a Friday deadline to receive the guaranteed 9.62% interest rate. What Happened: "Due to exceptionally high traffic, the TreasuryDirect website has experienced intermittent slowdowns today,"…

Benzinga

House GOP wants answers on IRS leak - Roll Call

House Ways and Means Republicans are renewing pressure on the Biden administration over a leak of taxpayer information to ProPublica.

Roll Call

PM confident on Apec turnout

Prime Minister Prayut Chan-o-cha said on Tuesday most of the 21 Asia-Pacific Economic Cooperation (Apec) leaders have confirmed their participation at the summit set for Nov 18-19 in Bangkok.

Bangkok Post

Biden targets Nicaragua's gold industry in a new move against Daniel Ortega

Biden's order and other steps announced Monday are perhaps the most aggressive attempt by the U.S. to hold the Ortega accountable for his continued attacks on human rights and democracy.

WEKU

Student debt forgiveness causes monthly deficit to jump 562%

The Treasury Department says that the federal budget deficit was 562% higher on a monthly basis compared with September 2021

The Independent UK

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Asharq Al-Awsat

Senior US Official Travels to Türkiye to Discuss Sanctions on Russia

A senior US Treasury Department official traveled to Türkiye this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said. Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg traveled to Ankara and Istanbul from Monday through Wednesday, where she…

The Independent UK

US busts network providing technology to Russian military

The Biden administration has announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine

Reuters

Senior U.S. Treasury official traveled to Turkey to discuss sanctions on Russia

A senior U.S. Treasury Department official traveled to Turkey this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said, as Washington closely monitors growing economic ties between Ankara and Moscow.

The Independent UK

U.S. hits al-Shabab finance facilitators with sanctions

The Treasury Department said Monday that it has sanctioned a group of high-ranking members of the Somalia-based al-Shabab militant group, who act as key middle men between the group and local companies in Somalia

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McClatchy Washington Bureau

Treasury Department to investigate Florida’s use of COVID funds for migrant flights

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether Florida’s state government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.

The Independent UK

Treasury probing Florida Gov. DeSantis' migrant flights

The Treasury Department’s internal watchdog is investigating whether Florida Gov_ Ron DeSantis improperly used federal pandemic aid to fly migrants to Martha’s Vineyard as part of his effort to “transport illegal immigrants to sanctuary destinations.”

The Independent UK

Treasury Department investigating Ron DeSantis political stunt involving migrant flights

The federal government is probing whether the Florida governor improperly used Covid-19 relief money

McClatchy Washington Bureau

Treasury Department to investigate Florida’s use of COVID funds for migrant flights

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether the Florida government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.

Axios

Federal watchdog investigating Gov. DeSantis' transport of migrants

"We plan to get this work underway as quickly as possible," the Treasury's deputy inspector general said.

Al Jazeera

Malaysian extradited to US for alleged rhinoceros horn smuggling

Teo Boon Ching, 57, was arrested in Thailand in June and will stand trial in the US for alleged wildlife trafficking.

Bangkok Post

Inflation Keeps U.S. From Stepping In to Slow Dollar's Rapid Rise

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

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