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The Latest Breaking News from the Treasury Department

Senators ask Treasury for additional climate finance regulation

The Treasury Department released guidelines on Sept. 19 aiming to promote net-zero finance. The next day, six left-leaning senators, including Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.), sent a letter to Treasury Secretary Janet Yellen encouraging her to enact additional financial regulations related to climate and carbon emissions.

Ballotpedia

Is It Unamicable to Reject the Argument of a Friendly Amicus Brief?

The Solicitor General rejects an academic argument offered in defense of the Consumer Financial Protection Bureau.

Reason

Green jobs, clean energy projects are big wins for Biden

While no Republicans in Congress voted for the $350 billion clean energy package, jobs are being spread across red and blue states via the Inflation Reduction Act.

Chicago Sun-Times

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Biden signs order barring US investment in Chinese chips, quantum computing and AI sectors

Mr Biden is acting to restrict the Chinese military from reaping benefits of US tech investment

The Independent UK

Senators look to undo jurisdictional snag on Taiwan tax bill - Roll Call

Lawmakers want to strengthen the economic partnership with Taiwan and bolster the U.S. microchip industry.

Roll Call

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Independent UK

Preserving heritage

The heart of a community encapsulates its cherished history and aspirations. And in the dynamic community of Samchuk Market in Suphan Buri, that beating heart is surely Baan Khun Jamnong Jeenarak.

Bangkok Post

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Trucking Company, Careening Toward Bankruptcy, Could Default on $700 Million Federal Bailout Loan

After losing more than $100 million in a single year, Yellow Corporation got a $700 million pandemic assistance loan from the government. It has only paid $230 on the principal.

Reason

Will gentrification respect city's people?

We've lived for over a century in the shadow of grandeur: near the Customs House, known to Thais as rongpasi. "We" means my maternal family and the community of Haroon Mosque. Each day before sunrise, the muezzin's sing-song call rings through the neighbourhood, carried on the river wind towards the…

Bangkok Post

Illegal beach villa to be demolished

SURAT THANI: The owner of a small villa built illegally on a beach on Koh Tao in Koh Phangan district has agreed to its demolition.

Bangkok Post

Bridge connecting Ukraine to Crimean peninsula ‘unusable’ after attack, says Russian-installed governor – as it happened

Vladimir Saldo, the Moscow-installed governor of the southern Ukrainian region of Kherson, says Chongar bridge would be closed for around 20 days

The Guardian - AU

U.S. sanctions target Russian influence campaign in Moldova

The United States imposed sanctions on Monday on members of a Russian intelligence-linked group for their role in Moscow's efforts to destabilize democracy and influence elections in Moldova, the Treasury Department said.

Reuters

US sanctions target Iran's internet censorship amid protests

The United States said on Friday it imposed sanctions on Iranian technology company Arvan Cloud, two employees and an affiliated Emirati firm for helping Tehran censor the internet in Iran as part of the government's attempts to crush domestic protests.

Reuters

White House imposing sanctions as Sudan's warring sides fail to abide by cease-fire deal

The White House says it's imposing sanctions against key defense companies and people who “perpetuate violence” in Sudan as the warring sides fail to abide by a cease-fire agreement in the northeastern African nation

The Independent UK

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The Independent UK

The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing.

Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle

Bangkok Post

Brave fight to save local landmark

Visitors to Kanchanaburi City rarely fail to notice a sprawling complex of gigantic old buildings that have served as the municipality's landmark for almost a century. This awe-inspiring site is Thailand's first paper mill, and the Kanchanaburi people have been rallying around it to preserve their local history and heritage.

Reuters

US, South Korea issue fresh North Korea sanctions on 'illicit' IT workforce

The United States and South Korea on Tuesday announced new North Korea sanctions related to thousands of IT workers, many operating in China and Russia, whose labors allegedly help fund weapons of mass destruction and missile programs, they said.

Fortune

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

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The Independent UK

Here come more sanctions: How effective are they are stopping Russia's invasion of Ukraine?

The U.S. and other Group of Seven nations are rolling out a new wave of global sanctions on Russia over its invasion of Ukraine

Reuters

Factbox-New sanctions imposed on Russia so far as G7 leaders meet

The United States, Canada and the United Kingdom issued fresh sanctions on Russia on Friday over its invasion of Ukraine.

WEKU

What you need to know about the debt ceiling as the deadline looms

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

The Independent UK

Yellen: Different system needed to end repeated standoffs over US debt ceiling

Treasury Secretary Janet Yellen says that in her personal opinion, the United States should adopt a different system for national finances that might forestall repeated standoffs with Congress over spending

The Independent UK

Chaos? Kumbaya? How the debt limit standoff might end

Just how does this debt limit standoff end

The Guardian - US

Republicans and Democrats deadlocked as US debt ceiling deadline nears – as it happened

Negotiations continue over plan to increase debt limit before 1 June deadline

Barchart

Dollar Declines With T-note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.59%. The dollar on Wednesday posted moderate losses. Lower T-note yields Wednesday undercut the dollar. Also, the lack of clarity regarding the U.S. debt ceiling weighs on the dollar after Treasury Secretary Yellen said the Treasury Department might run out of...

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