treasury department

U.S. sanctions Haitian politicians on drug trafficking claims

By Fatima Hussein, Associated Press

Two Haitian politicians are facing U.S. sanctions over allegations they abused their positions to traffic drugs in collaboration with gang networks and directed others to engage in violence.

U.S. announces Iranian sanctions after missile attacks

By Ellen Knickmeyer, Associated Press

The United States sanctioned Iranian defense companies Wednesday after a spate of ballistic missile attacks on targets in Iraq and the Gulf.

Treasury: Most COVID rental aid went to low-income residents

By Michael Casey, Fatima Hussein, Associated Press

The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants.

U.S. may hit debt limit in October, Yellen warns

By Martin Crutsinger, Associated Press

Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government's borrowing limit in October.

WATCH: Yellen says economic recovery likely to be 'bumpy'

By Associated Press

In testimony, Yellen was asked about the big jump in consumer prices reported last week. She said that the April price increase was the result of a number of special factors related to the economy opening back up.

Treasury to launch education effort for relief package

By Martin Crutsinger, Associated Press

Officials at the Treasury Department briefed reporters Thursday on the efforts they are planning, including highlighting a provision in the measure that expands the child tax credit.

U.S. sanctions Hezbollah-allied Lebanese Christian leader

By Associated Press

Gebran Bassil is a current lawmaker who leads the biggest bloc in parliament and a son-in-law of President Michel Aoun.

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

By Associated Press

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.

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…

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Treasury proposal: Deliver $500 billion to Americans starting April

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

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.