treasury department

U.S. sanctions Hezbollah-allied Lebanese Christian leader

By Associated Press

Virus aid talks on the brink of collapse with sides ‘very far apart’

Both sides have adopted a hard line in the talks, though the Trump team is more open in disclosing a handful of its proposed compromises.

By Associated Press

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.

By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press

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.

By Richard Lardner, Associated Press

How banks and the government keep track of suspicious financial activity

By Daniel Bush

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…

U.S. slaps 5 Russians with sanctions over human rights

By Josh Lederman, Associated Press

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.

Treasury Department fines Exxon Mobil $2 million for Russia violations on Rex Tillerson’s watch

By Josh Lederman and Matthew Lee, Associated Press

When Tillerson was CEO, he said Exxon didn't support sanctions generally because it found them usually ineffective.

U.S. blacklists Chinese bank, revving up pressure over North Korea

By Matthew Pennington, Associated Press

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.