Articles for Treasury Department

U.S. Sanctions Extremist Israeli Group For Violence Against Palestinians In West Bank
2 months, 3 weeks ago

U.S. Sanctions Extremist Israeli Group For Violence Against Palestinians In West Bank

Huff Post  

LOADING ERROR LOADING WASHINGTON — The U.S. on Tuesday imposed sanctions on Hilltop Youth, a group of extremist settlers in the Israeli -occupied West Bank who attack Palestinians and their property. In addition, the State Department placed diplomatic sanctions on two men—Israeli settler Eitan Yardeni, for his connection to violence targeting West Bank civilians and Avichai Suissa, the leader of …

Violence Sanctions Bank West Palestinians Israeli Group
Treasury warns that anti-woke banking laws like Florida’s are a national security risk
5 months ago

Treasury warns that anti-woke banking laws like Florida’s are a national security risk

Associated Press  

WASHINGTON — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The letter concludes that “such laws create uncertainty and may inhibit” national security efforts. The Treasury Department letter said that the Florida law could, however, undermine the work of federal …

Law Florida National Treasury Department Desantis Letter
US China official conclude meeting on financial issues
11 months ago

US China official conclude meeting on financial issues

Associated Press  

BANGKOK — US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues, in a step that continues the trend set by the two powers last November to ease tensions. Officials from the U.S. Department of the Treasury met with counterparts in the People’s Bank of China to discuss issues ranging from …

China Treasury Department
US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel
1 year ago

US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

Associated Press  

The Biden administration released long-awaited guidance on Friday around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with fuel made from crude oil. Treasury said the update will include “new modeling of key feedstocks and processes used in aviation fuel,” and will consider the impact on emissions from growing crops used to make the fuel. Ethanol …

Aviation Credit Fuel Guidelines Biden Sustainable Aviation Fuel Treasury Department
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
1 year, 6 months ago

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

Associated Press  

WASHINGTON — Much of the theft was brazen, even simple. Michael Horowitz, the U.S. Justice Department inspector general who chairs the federal Pandemic Response Accountability Committee, told Congress the fraud is “clearly in the tens of billions of dollars” and may eventually exceed $100 billion. “But clearly it’s substantial and the final accounting is still at least a couple of …

Money Congress Trump Office Relief Texas Washington
'Productive' Talks No Deal Yet: What Is US Debt Ceiling, Over Which US Lawmakers Have Locked Horns?
1 year, 7 months ago

'Productive' Talks No Deal Yet: What Is US Debt Ceiling, Over Which US Lawmakers Have Locked Horns?

ABP News  

US President Joe Biden and Republican House Speaker Kevin McCarthy have called their latest round of negotiations on the debt ceiling “productive”, but they still haven’t reached a deal to avoid looming debt default. The US Treasury departments websites say that the debt limit is the total amount of money that the United States government is authorised to borrow to …

Financial Congress Treasury Debt Ceiling Republican Report House
G7 tightens sanctions against Russia: Will they be effective?
1 year, 7 months ago

G7 tightens sanctions against Russia: Will they be effective?

Firstpost  

The US and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. The purpose is to “fully map holdings of Russia’s sovereign assets that will remain immobilised in G7 jurisdictions until Russia pays for the damage it has caused to …

War Ukraine Russia Japan Sanctions Russian Kremlin
Tax Prep Company Intuit Ramps Up Lobbying Ahead Of Free File Fight
1 year, 7 months ago

Tax Prep Company Intuit Ramps Up Lobbying Ahead Of Free File Fight

Huff Post  

Treasury Secretary Janet Yellen tours an IRS facility in Lanham, Maryland, in 2022. The Free File program began in October 2002 with an agreement between the IRS and 17 tax prep companies, including tax prep giants Intuit and H&R Block, to have 60% of the population eligible for free preparation and filing, based on adjusted gross income, through commercial partners. …

Tax Lobbying Treasury Report Million Filing System
US sanctions Iran-based group that put bounty on Salman Rushdie
2 years, 1 month ago

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

Al Jazeera  

Treasury Department accuses the 15 Khordad Foundation of inciting violence by offering a bounty of more than $3m. The United States has announced sanctions against an Iranian foundation accused of putting out a multimillion-dollar bounty on British-American author Salman Rushdie, who was stabbed at a literary event in New York state in August. “Since Ayatollah Ruhollah Khomeini’s order pronouncing a …

Foundation Iran Iranian Matar Rushdie Khomeini Salman Rushdie
Treasury Department investigating Ron DeSantis political stunt involving migrant flights
2 years, 2 months ago

Treasury Department investigating Ron DeSantis political stunt involving migrant flights

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US Treasury Department is probing whether Florida governor Ron …

Florida Flights Relief Migrant Department Covid Migrants
Treasury sanctions Iranian petrochemical firms tied to Asia
2 years, 5 months ago

Treasury sanctions Iranian petrochemical firms tied to Asia

Associated Press  

WASHINGTON — The Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia. Treasury’s Office of Foreign Assets Control imposed the sanctions on several companies, including Iran-based Jam Petrochemical Co., which has exported hundreds of millions of dollars worth of …

Sanctions Iranian Treasury Department Iran Including
Pandemic relief money spent on hotel, ballpark, ski slopes
2 years, 9 months ago

Pandemic relief money spent on hotel, ballpark, ski slopes

Associated Press  

WASHINGTON — Thanks to a sudden $140 million cash infusion, officials in Broward County, Florida, recently broke ground on a high-end hotel that will have views of the Atlantic Ocean and an 11,000-square-foot spa. “They need to give us an accounting,” said Sen. Mitt Romney, R-Utah, who tried unsuccessfully to amend the Democrats’ bill last year to add more limits …

Pandemic Local Money Congress New York Democrats Washington
After huge pandemic losses, governments see rapid rebound
2 years, 10 months ago

After huge pandemic losses, governments see rapid rebound

Associated Press  

State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are now awash in record amounts of money, boosted partly by federal aid. “The ultimate effect of the pandemic was a net positive,” said Stephen Parker, assistant city manager for the Los Angeles suburb of Upland, …

Pandemic Tax City Treasury California Spending Million
Internet funding rule could favor rural areas over cities
3 years, 3 months ago

Internet funding rule could favor rural areas over cities

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “They’re basically prioritizing those rural …

Money Cities Funding Rural Areas Treasury Department Milwaukee
Internet funding rule could favor rural areas over cities
3 years, 3 months ago

Internet funding rule could favor rural areas over cities

Associated Press  

Cities and urban counties across the U.S. are raising concerns that a recent rule from President Joe Biden’s administration could preclude them from tapping into $350 billion of coronavirus relief aid to expand high-speed internet connections. “They’re basically prioritizing those rural areas over the underserved urban areas where there is more population,” said Detta Kissel, a retired Treasury Department attorney …

Money Cities Rural Areas Treasury Service Department Milwaukee
US wrestles with strategy to sanction Taliban as humanitarian crisis looms over Afghanistan
3 years, 3 months ago

US wrestles with strategy to sanction Taliban as humanitarian crisis looms over Afghanistan

Firstpost  

Khalid Payenda, who last month resigned as Afghanistan’s finance minister, said the Taliban appeared to be struggling to restart the government’s financial operations and that the country would soon run out of money America’s war in Afghanistan is over, but the fight over the Taliban’s finances is only beginning. A Treasury Department official said the United States was not easing …

Money States Afghanistan Sanctions Sanction Administration Treasury
US sanctions four Iranians over alleged plot to kidnap journalist
3 years, 3 months ago

US sanctions four Iranians over alleged plot to kidnap journalist

Al Jazeera  

The group of four stands accused of conspiracy related to kidnapping, sanctions violations, bank and wire fraud, and money laundering. The United States Department of the Treasury has sanctioned four Iranian intelligence officials it alleges targeted an Iranian-American journalist and human rights activist living in the US and Iranian dissidents in other countries in an effort to silence critics of …

Intelligence Treasury New York Iranian Journalist Kidnap Treasury Department
Secret IRS files reveal how much the ultrawealthy gained by shaping Trump’s 'Big Beautiful Tax Cut'
3 years, 4 months ago

Secret IRS files reveal how much the ultrawealthy gained by shaping Trump’s 'Big Beautiful Tax Cut'

Raw Story  

In November 2017, with the administration of President Donald Trump rushing to get a massive tax overhaul through Congress, Sen. Ron Johnson stunned his colleagues by announcing he would vote “no." Proponents touted it as boosting “small business" and “Main Street," and it's true that many small businesses got a modest tax break. At a presentation for the trade group's …

Tax Congress Trump Wisconsin Treasury Washington Senate
US says Russia was given Trump campaign polling data in 2016
3 years, 8 months ago

US says Russia was given Trump campaign polling data in 2016

Hindustan Times  

It was one of the more tantalising, yet unresolved, questions of the investigation into possible connections between Russia and Donald Trump's 2016 presidential campaign: Why was a business associate of campaign chairman Paul Manafort given internal polling data — and what did he do with it? A Treasury Department statement Thursday offered a potentially significant clue, asserting that Konstantin Kilimnik, …

Russia Data Intelligence Campaign Trump Russian Polling
US says Russia was given Trump campaign polling data in 2016
3 years, 8 months ago

US says Russia was given Trump campaign polling data in 2016

Associated Press  

WASHINGTON — It was one of the more tantalizing, yet unresolved, questions of the investigation into possible connections between Russia and Donald Trump’s 2016 presidential campaign: Why was a business associate of campaign chairman Paul Manafort given internal polling data — and what did he do with it? A Treasury Department statement Thursday offered a potentially significant clue, asserting that …

Russia Data Intelligence Campaign Trump Russian Polling
A look at new Biden administration sanctions against Russia
3 years, 8 months ago

A look at new Biden administration sanctions against Russia

Associated Press  

The Biden administration on Thursday rolled out a sweeping set of sanctions on Russia over its election interference, hacking campaigns and other malign activity. Additionally, the department took new action to sanction Yevgeniy Prigozhin, a backer of the Internet Research Agency, which carried out Russia’s election interference campaign in 2016, and Konstantin Kilimnik, a Russian intelligence agent who falsely claimed …

Crimea Biden Administration Treasury Department Russian Intelligence Biden Administration Sanctions
Senator: Treasury Dept. email accounts compromised in hack
4 years ago

Senator: Treasury Dept. email accounts compromised in hack

Associated Press  

WASHINGTON — Dozens of email accounts at the Treasury Department were compromised in a massive breach of U.S. government agencies being blamed on Russia, with hackers breaking into systems used by the department’s highest-ranking officials. Wyden, after being briefed on the matter, said that though there is no indication that taxpayer data was compromised, the hack “appears to be significant,” …

Russia Treasury Department Hack Wyden Treasury Department Email Accounts
Senator: Treasury Dept. email accounts compromised in hack
4 years ago

Senator: Treasury Dept. email accounts compromised in hack

Associated Press  

WASHINGTON — Dozens of email accounts at the Treasury Department were compromised in a massive breach of U.S. government agencies being blamed on Russia, with hackers breaking into systems used by the department’s highest-ranking officials, a senator said Monday after being briefed on the matter. Wyden said that though there is no indication that taxpayer data was compromised, the hack …

Russia Treasury Department Hack Wyden Treasury Department Email Accounts
Trump administration to impose sanctions on Iran as Europe warns it will trigger humanitarian crisis
4 years, 2 months ago

Trump administration to impose sanctions on Iran as Europe warns it will trigger humanitarian crisis

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Trump administration has …

Europe Humanitarian Trump Administration Iran Tehran Iranian