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The Latest Breaking News from the Treasury Department

Biden signs executive order aimed at targeting banks that facilitate Russia’s war in Ukraine

White House has urged congressional Republicans without success to drop resistance to Ukraine funding over immigration dispute

The Independent UK

Stocks And Bonds Get A Boost From The Fed And The Treasury Department – Will The Santa Claus Rally Bring More Gains?

One of the drivers for last week's gains was comments from Federal Reserve Chairman Jerome Powell signaling the end of the current monetary cycle tightening and the preparation for pivot — interest rate cuts.

International Business Times

Guidelines around a new tax credit for sustainable aviation fuel is issued by Treasury Department

The Treasury Department is spelling out the rules for tax credits designed to stimulate production of sustainable aviation fuel

The Independent UK

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North Korea–linked Lazarus Group responsible for nearly 20% of crypto losses—more than $300 million worth—in 2023

The blockchain security platform Immunefi found that Lazarus was behind over $300 million in losses in 2023.

Fortune

New sanctions from the US and Britain target Hamas officials who help manage its financial network

The United States has announced new war-related of sanctions against Hamas, targeting eight officials and representatives who help manage the militant group’s financial network

The Independent UK

The House version of the Warren-Marshall anti-money laundering crypto bill has hit a McHenry-sized obstacle

Rep. Sean Casten is struggling to find a co-lead for his version of the Warren-Marshall bill.

Fortune

Suspected Mexican cartel leader facing drug charges in Chicago sees Treasury Department freeze his assets

Authorities say Oscar Manuel Gastelum Iribe, as head of the Beltran Leyva Organization, conspired to import tons of heroin and cocaine.

Chicago Sun-Times

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In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel

The Independent UK

Yellen To Visit Mexico For Talks On Supply Chains, Combating Fentanyl Trafficking

The trip comes amid the U.S. Treasury Department's announcement of a "counter-fentanyl strike force," as "combatting the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department."

Latin Times

Treasury creates new strike force as US and China pursue crackdown on illicit fentanyl trafficking

The Treasury Department is announcing a new strike force to help combat illicit fentanyl trafficking

The Independent UK

Treasury’s Wally Adeyemo wants to crack down on illicit finance enabled by crypto: ‘A clear and present danger for national security’

The Treasury deputy secretary is laying out a new approach to the digital asset industry.

Fortune

Home Insurers To Be Scrutinized In Climate-Risk Study

For the first time, property insurers will send data, including recent coverage pullbacks in several states, to the Treasury Department for a climate-related financial risks study.

Kiplinger

What’s Worse Than the Dot Com Crash? The Bond Market!

Remember the dot com disaster and the 2008 financial meltdown? Brace yourself, there's a new player in town. The bond market's spiraling due to central bank maneuvers, and the storm might just be starting.

Barchart

The US government sanctions two shipping companies for violating the Russian oil price cap

The Treasury Department has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap

The Independent UK

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Ballotpedia

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.

Reason

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.

Chicago Sun-Times

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.

The Independent UK

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

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Roll Call

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.

The Independent UK

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

Bangkok Post

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.

Reason

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.

Bangkok Post

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.

The Guardian - AU

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

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