World Jan 22 U.S. sanctions Iraqi airline Fly Baghdad, its CEO and Hamas cryptocurrency financiers The sanctions come as Israel's bombing campaign on the Gaza Strip continues and Iranian-backed militias in Iraq launch regular strikes against bases housing U.S. forces in Iraq and Syria.
Politics Jan 17 Yellen says current U.S. economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy "vindicates" Democrats' decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.
World Jan 13 Global day of protests draws thousands to D.C., other cities in pro-Palestinian marches Thousands of demonstrators converged in the U.S. capital on Saturday to call for an end to Israeli military action in Gaza as part of a global day of protests against the longest and deadliest war between Israel and Palestinians in 75 years.
Nation Jan 10 Despite funding boost, IRS still grapples with backlogs and identity theft, watchdog warns The IRS is experiencing “extraordinary delays” in assisting identity theft victims, taking nearly 19 months to resolve self-reported cases, which the report calls “unconscionable" since a delay in receiving a refund can worsen financial hardships.
Economy Jan 08 Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners Yellen says the database will send the message that "the United States is not a haven for dirty money." She also says Treasury is considering boosting rules related to commercial real estate transactions.
Politics Jan 02 U.S. national debt hits record $34 trillion as Congress gears up for funding fight The record high comes after Republican lawmakers and the White House agreed to temporarily lift the nation's debt limit last year after the government ran up against its legal borrowing capacity and needed to implement "extraordinary measures" to avoid default.
Politics Dec 28 U.S. sanctions money network tied to the Yemen Houthi rebels blamed for shipping vessel attacks The Houthis have sporadically targeted ships in the region previously, but the attacks have increased since the start of the war between Israel and Hamas, spiking after an Oct. 17 explosion at a hospital in Gaza killed and injured many.
Politics Dec 22 Biden administration unveils hydrogen tax credit in effort to jump start industry The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil…
Economy Dec 15 Congressional Budget Office projects lower inflation and higher unemployment into 2025 The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the unemployment rate will hit 4.4 percent in the fourth quarter of 2024 and remain close to that level through 2025.
Politics Dec 12 U.S. announces new sanctions on Russia's weapons suppliers The Biden administration is hitting hundreds of people and firms around the globe with new economic and diplomatic sanctions as the U.S. targets third-country contributors that are equipping Russia's invasion of Ukraine.