Dec 31 Russian and Iranian groups sanctioned over U.S. election disinformation By David Klepper, Associated Press Treasury officials announced the sanctions Tuesday, alleging that two organizations sought to stoke divisions among Americans before November's vote. Continue reading
Dec 31 Treasury Department says Chinese hackers remotely accessed workstations, unclassified documents By Eric Tucker, Associated Press The Treasury Department said in a letter to lawmakers Monday revealing the breach that "at this time there is no evidence indicating the threat actor has continued access to Treasury information."… Continue reading
Nov 23 What to know about the House bill that could punish nonprofits over alleged ‘terrorist’ ties By Beth Gazley, The Conversation The House passed a bill Thursday that would empower the Treasury Department to eliminate the tax-exempt status of any nonprofit it deems to be supporting terrorism. A scholar of nonprofits, local governance and civil society explains the outcry over this… Continue reading
Nov 22 Trump names hedge fund founder Scott Bessent as pick for Treasury secretary By Fatima Hussein, Chris Rugaber, Josh Boak, Chris Megerian, Associated Press President-elect Donald Trump announced Friday that he'll nominate billionaire hedge fund manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary, one of several personnel decisions that he unveiled as he closed out the workweek. Continue reading
Feb 06 IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding By Fatima Hussein, Associated Press The report says tax revenues are expected to increase by as much as $561 billion from 2024 to 2034, which is substantially more than previous estimates. Continue reading
Jan 02 U.S. national debt hits record $34 trillion as Congress gears up for funding fight By Fatima Hussein, Associated Press 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. Continue reading
Dec 07 U.S. sanctions money lending network to Yemen’s Houthi rebels, aims to boost maritime protections By Fatima Hussein, Associated Press The White House is encouraging Mideast allies to join the Combined Maritime Forces, a partnership that exists to counter malign action by non-state actors in international waters. Continue reading
Dec 04 Treasury announces strike force as U.S. and China pursue crackdown on illicit fentanyl trafficking By Fatima Hussein, Associated Press The Counter-Fentanyl Strike Force will bring together personnel and intelligence from throughout the Treasury Department to more effectively collaborate on stopping the flow of drugs into the country. Continue reading
Oct 18 U.S. sanctions 10 Hamas members and its financial network over surprise Israel attack By Fatima Hussein, Associated Press Targeted for Treasury Department sanctions are Hamas investment portfolio managers, a key Hamas commander and a Gaza-based virtual currency exchange, among others. Continue reading
Oct 18 U.S. sanctions 10 Hamas members, organization’s international financial network By Fatima Hussein, Associated Press Targeted for Wednesday’s Treasury Department sanctions are members who manage a Hamas investment portfolio, a Qatar-based financial facilitator with close ties to the Iranian regime, a key Hamas commander and a Gaza-based virtual currency exchange. Continue reading