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The Latest Breaking News from the Treasury Department

Treasury seeks tighter rules on US investment in China tech - Roll Call

The Treasury Department proposed further limiting U.S. investment flowing into China’s artificial intelligence and supercomputer technologies.

Roll Call

Treasury Department Proposes Rule To Restrict U.S. Investments In China

Proposed rule by Treasury Department aims to restrict U.S. investments in China's advanced tech sectors to prevent military advantages. Biden administratio...

Top News

US proposes rules to stop Americans from investing in Chinese technology with military uses

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

The Independent UK

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US Slaps Sanctions On Leaders Of Russia Software Firm Kaspersky

The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity firm Kaspersky Lab, a day after banning the sale of its popular antivirus software on national security grounds.

International Business Times

Treasury Department Takes Action Against Drug Cartel Financing

Treasury Secretary Janet Yellen announces sanctions on individuals linked to drug cartel smuggling fentanyl into the U.S. as part of Biden administration's...

Top News

EV Buyers Have Saved Over $1 Billion Through IRA Credits This Year

The electric car incentives included in President Joe Biden's Inflation Reduction Act are paying off big time.

InsideEVs

Treasury secretary to stay on for five more years

The Treasury's top official Steven Kennedy will remain as secretary until 2029 after being appointed for a second term in the role.

AAP

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IRS Direct File program will now be a permanent option for taxpayers across all states

IRS Direct File pilot program was first rolled out this year. Now it will be a permanent option for taxpayers looking to file their returns online for free.

Latin Times

Cuban private business owners will be allowed to use U.S. banks

They will be able to do so remotely from the island, according to the Treasury Department

Latin Times

US Eases Financial Restrictions To Support Cuban Private Businesses

The U.S. lifts financial restrictions on Cuba to support private businesses, enabling Cuban entrepreneurs to open U.S. bank accounts online and engage in c...

Top News

US opens up banking to private Cuban businesses as it aims to boost private sector

The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island

The Independent UK

The Road to a Decarbonized Future or Just Another Lifeline for Fossil Fuels?

With billions in tax credits at stake, Pennsylvania gas producer CNX wants in on the hydrogen revolution

Capital & Main

US Treasury Targets Money-Laundering Loopholes

US Treasury Department is tightening regulations to combat money laundering and safeguard financial system integrity.

Top News

US Imposes Sanctions On Companies Supporting Russia In Ukraine

The US imposes sanctions on Chinese and Hong Kong companies for supporting Russia's military capabilities in Ukraine.

Top News

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Axios

Biden admin unveils new sanctions on Iran for "unprecedented" attack on Israel

The move is meant to punish Tehran for the attack against Israel without escalating the situation militarily.

International Business Times

US, UK Unveil Sweeping Sanctions On Iran's Drone Program

The United States and Britain announced widespread sanctions against Iran's military drone program on Thursday, in response to its weekend attack against Israel.

Top News

Treasury Department Addresses Concerns Over Iranian Funding Activities

The Treasury Department confirms Iran diverts funds to Revolutionary Guard Corps instead of humanitarian aid. Sen. Scott raises concerns about U.S. inadver...

Roll Call

Legal opinion gives Treasury leeway ahead of debt limit fight - Roll Call

A newly released 2021 Justice Department legal opinion holds that the Treasury Department has wiggle room to maintain higher cash balances.

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US Imposes Sanctions On Entities Supporting Iran And Militants

US sanctions entities supporting Iran, Hezbollah, and Houthis, and targets individuals involved in Syrian government financial evasion and Captagon traffic...

Al Jazeera

US sanctions Nicaragua’s attorney general over human rights concerns

Washington says Morales Urbina ‘exploited her office to facilitate a coordinated campaign to suppress dissent’.

Top News

US Imposes Sanctions On Iran-Backed Group In Bahrain

U.S. imposes sanctions on Iran-backed group in Bahrain to counter Iran's destabilizing activities and protect regional stability.

Top News

US Targets Houthi Revenue With New Sanctions

US imposes new sanctions targeting Houthi group in Yemen to disrupt their military operations and stabilize the region.

Top News

US Sanctions Intellexa Consortium For Misuse Of Spyware Technology

Treasury Department sanctions Greece-based spyware company for targeting U.S. officials and journalists with Predator spyware.

Top News

Federal Judge Rules Corporate Transparency Act Unconstitutional

Alabama judge rules Corporate Transparency Act unconstitutional, impacting small business reporting requirements and raising concerns over privacy rights a...

Top News

Treasury Department Deploys AI To Combat Fraud

Discover how the Treasury Department is leveraging AI technology to combat fraud effectively and safeguard government funds.

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