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News Wrap: U.S. Treasury to borrow record $3 trillion in 2nd quarter
In our news wrap Monday, the U.S. Treasury will borrow nearly $3 trillion this quarter to cover pandemic relief. That record number is well over twice the total for all of 2019. Also, Israel's Supreme Court is hearing legal challenges…
Treasury proposal: Deliver $500 billion to Americans starting April
In a memorandum issued Wednesday, Treasury is calling for two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May.
House Democrats want records on decision to lift Russian sanctions
Three senior House Democrats have demanded Treasury Secretary Steven Mnuchin turn over documents that would show how his department decided to lift financial sanctions on three companies connected to Russian oligarch Oleg Deripaska.
How banks and the government keep track of suspicious financial activity
An obscure government database of suspicious financial activity was thrust into the spotlight Wednesday when the New Yorker reported that key information on Michael Cohen is missing from the system. The report has raised fresh questions about the database, and…
WASHINGTON — The United States on Wednesday imposed sanctions on five Russians, including the leader of Chechnya, under a U.S. human rights law that has been a major irritant between Washington and Moscow.
When Tillerson was CEO, he said Exxon didn't support sanctions generally because it found them usually ineffective.
The Trump administration has blacklisted a small Chinese bank accused of illicit dealings with North Korea, escalating pressure to get Beijing to rein in its wayward ally.
Trump's incoming Cabinet embodies a sharp turn from the outgoing Obama administration.
Given the narrow GOP majority in the Senate, Steven Mnuchin is likely to be confirmed. But Democrats plan to rough him up along the way, grilling the former Goldman Sachs executive over his Wall Street ties and his stake in…
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