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The Latest Breaking News from the Treasury Department

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 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

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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

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.

Reuters

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.

WEKU

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 Independent UK

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

The Guardian - US

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

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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.

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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

Foreign Policy

Biden Is Rewriting the Rules on Trade—and Americans Should Be Worried

The administration is doing a sneaky end run around the Inflation Reduction Act.

The Independent UK

What's behind the looming 'x-date' on the US debt limit?

In January, the U.S. government ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default

Tribune News Service

Only 10 electric vehicles qualify for full $7,500 US tax credit

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the U.S. after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

The Independent UK

US imposes new sanctions on Russian oligarch, Hungary bank

The Treasury Department has announced new sanctions aimed at Russian oligarch Alisher Usmanov

Salon

Clean energy projects for coal towns

The Biden administration wants to give a boost to the fossil fuel "energy communities" of coal country

Reason

Electric Car Prices Are Falling, With or Without Tax Credits

The Inflation Reduction Act imposes byzantine requirements to qualify for the credits. Some automakers are simply ignoring them and finding other ways to lower prices.

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