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The Latest Breaking News from Treasury Department

2 House chairs seek probe into airlines' use of federal aid

Two key lawmakers want the government to investigate whether airlines used federal pandemic-relief money to encourage employees to quit

The Independent UK

In Defense of Not Mourning Queen Elizabeth

Plus: Aretha Franklin's FBI file is declassified, Coinbase challenges Treasury Department sanctions of cryptocurrency technology, and more...

Reason

Govt defends airport transfer move

The Transport Ministry defended the transfer of the management of three regional airports to the Airports of Thailand as part of its budget-saving plan, insisting it is not a sale of state assets.

Bangkok Post

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IRS mistakenly published some taxpayers’ confidential data

WASHINGTON — The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.

Tribune News Service

House committee reaches deal to get Trump financial records

A House committee seeking financial records from former President Donald Trump has reached an agreement that ends litigation on the matter and requires his accounting firm to turn over certain records to the panel

The Independent UK

Crypto firms say US sanctions limit use of privacy software

The Treasury Department faces pushback from the cryptocurrency industry over sanctions imposed on a virtual currency mixing firm

The Independent UK

U.S. Treasury official warns Russia trying to bypass Western sanctions via Turkey

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkey's Deputy Finance Minister Yunus Elitas that Russian entities and individuals were attempting to use Turkey to bypass Western sanctions imposed over Moscow's war in Ukraine, the Treasury Department said.

Reuters

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Fact-Checking Industry Continues Providing Cover for White House's Unbelievable IRS Claims

"Most" new IRS hires, claims a gullible FactCheck.org, "will provide customer services."

Reason

The Tornado Cash Crackdown Is an Attack on Speech and Privacy

For the first time ever, the Treasury Department has sanctioned not a person or a group but a digital tool and all who would use it.

Reason

Which EVs qualify for new US tax credit? Websites offer help

The U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers

The Independent UK

US sanctions 3 senior Liberian officials for alleged corruption

All three of the government officials have contributed to Liberia’s worsening corruption, the Treasury Department said.

Al Jazeera

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Republican politicians and candidates are distorting how a major economic bill working its way through Congress would overhaul the IRS and affect taxes for the middle class

The Independent UK

Congress can get Trump tax records, appeals court rules

A federal appeals court is siding with Congress in a fight over former President Donald Trump's tax returns

The Independent UK

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Tribune News Service

Appeals court sides with House in fight over Trump tax returns

WASHINGTON — The House Ways and Means Committee can use a federal law to gain access to the tax returns of former President Donald Trump, a federal appeals court in Washington ruled Tuesday.

Roll Call

Appeals court sides with House in fight over Trump tax returns - Roll Call

Appeals court allows the House Ways and Means Committee to get Trump’s personal tax records from the Treasury Department.

Al Jazeera

US announces sanctions against currency mixer Tornado Cash

US accuses virtual currency mixer of laundering hundreds of millions of dollars stolen by hackers backed by North Korea.

The Independent UK

US issues sanctions on a 2nd virtual currency mixing firm

The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019

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WEKU

The U.S. has sanctioned Vladimir Putin's long-rumored romantic partner

Rumors of a relationship between Putin, 69, and Alina Kabaeva, 39, date back more than a decade. Putin and the former Olympic gymnast are thought to have had at least three children together.

The Independent UK

Treasury says borrowing needs increased by $262 billion

The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio

The Independent UK

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK

Federal tourism aid funds gas stations, trash cans, jazz

Hundreds of tourism projects nationwide are collectively getting about $2.4 billion in federal coronavirus relief funding

Bangkok Post

Forest justice must be for all

A ruling by Chiang Mai's administrative court dismissing a controversial case involving houses and residential buildings for judicial staff draws to a close a long-standing forest conflict in the northern province.

Reuters

U.S. imposes new sanctions on Russian individuals and entities -Treasury Dept

The United States on Friday imposed new sanctions on two Russian individuals and four Russian entities, the Treasury Department's website showed.

The Independent UK

Australia forecasts high inflation for another 2 years

New forecasts by Australia’s government say runaway inflation will remain unacceptably high for the next two years and economic growth will slow without falling into recession

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