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The Latest Breaking News from the Treasury Department

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

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

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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

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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

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

The Independent UK

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.

Bangkok Post

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.

Reuters

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?

Fortune

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

The Independent UK

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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

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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...

Barchart

Stocks Mixed Ahead of an Expected +25 bp Fed Rate Hike

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. U.S. stocks this morning are mixed. The markets are...

Reuters

Yellen to travel to Japan for G7 finance ministers meeting

U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven (G7) finance ministers and central bank governors meeting, the Treasury Department said on Wednesday.

Reuters

Family of ex-Bosnian Serb leader sues US to escape sanctions list

Family members of former Bosnian Serb political leader Radovan Karadzic, who was convicted of war crimes for his role in the 1990s Balkan conflict, sued the U.S. Treasury Department on Tuesday over their continued inclusion on a U.S. sanctions list.

Reuters

US, Turkey cooperate on terrorism-related sanctions -Treasury

The United States worked together to impose terrorism-related sanctions on two individuals linked to funding two Syria-based groups already sanctioned by the United States and United Nations, the Treasury Department said on Tuesday.

The Independent UK

US borrowing increases as standoff over debt continues

The Treasury Department said Monday it plans to increase its borrowing during the April to June quarter of this year

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