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The Latest Breaking News from The US Treasury Department

Alarming IRS Forecast Reveals A $500B Collapse In Revenue, Threatening US Financial Stability

Lower IRS collections this tax season due to workforce downsizing and dynamic taxpayer behaviour could increase the risks of the US Treasury being unable to repay bills on time and in full by June unless Congress hikes the debt ceiling.

International Business Times

Alarming IRS Forecast Reveals a $500B Collapse in Revenue, Threatening US Financial Stability

International Business Times UK

Elon Musk serving as 'special govt employee' in Trump administration: White House official

On Monday, Trump said that Musk has been granted access to the US Treasury Department's critical payment system, which sends money on behalf of the US government. Read further on Dynamite News:

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US Treasury To Take 'Extraordinary Measures' To Avoid Debt Default

The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday, days before President-elect Donald Trump takes office.

International Business Times

US Treasury Expands Sanctions On Russia And China Entities

U.S. Treasury Department expands sanctions on entities supporting Russia's war efforts in Ukraine, targeting Russian and Chinese companies for circumventin...

Top News

US says Sudan’s RSF committed genocide, announces sanctions on leaders

US Secretary of State Antony Blinken says US committed to ‘holding accountable those responsible for these atrocities’.

Al Jazeera

CISA says ‘no indication’ other US government agencies affected in Treasury hack

Recent ‘major incident’ was contained to the US Treasury Department, CISA confirms.

TechRadar

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US Treasury hacked: Are China and the US stepping up their cyberwar?

Department of the Treasury calls cyberattack a ‘major incident’, accuses China-backed hackers.

Al Jazeera

US Treasury declares ‘major incident’ after apparent state-sponsored Chinese hack

Documents reportedly stolen in security breach targeting the US Treasury Department.

TechRadar

US Treasury Says Was Targeted By China State-sponsored Cyberattack

The US Treasury Department said Monday that a China state-sponsored actor was behind a cyber breach resulting in access to some of its workstations, according to a letter to Congress.

International Business Times

US sanctions China cyber firm for potentially deadly ransomware attack

Some firewalls targeted in the US were protecting critical infrastructure companies, the US Treasury Department says.

Al Jazeera

US sanctions RSF commander accused of rights abuses in Sudan’s Darfur

Abdel Rahman Juma Barkalla is accused of leading a campaign marred by sexual and ethnically motivated violence.

Al Jazeera

US Sanctions Russian Cybercrime Network Ahead Of Biden-Zelenskyy Meeting

US government sanctions Russian cybercriminals and virtual currency exchanges linked to cybercrime activities in support of Ukraine, aiming to combat money...

Top News

US Sanctions Mexican Businesses Tied To Sinaloa Cartel

U.S. Treasury sanctions Mexican businesses linked to Sinaloa cartel for fentanyl trafficking. Efforts to combat drug trafficking highlighted.

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The Independent UK

US Treasury sanctions a chain of ice cream shops and a pharmacy tied to the Sinaloa Cartel

The U.S. Treasury Department has sanctioned a Mexican ice cream shop chain and a local pharmacy used as investments by drug traffickers

The Independent UK

Hezbollah military commander claimed killed by Israel was blamed by the US for 1983 Marine bombing

The Hezbollah commander the Israeli military says it killed in an airstrike was blamed by Israel for a deadly weekend rocket attack and was accused by the U.S. of orchestrating a deadly 1983 bombing aimed at U.S. Marines in Beirut

Top News

US Sanctions Migrant Smugglers From Sierra Leone

U.S. Treasury Department sanctions individuals involved in migrant smuggling from Asia and Africa to the U.S., blocking assets and transactions.

International Business Times

US Treasury Flags NFTs For Vulnerability To Fraud, Scam

The U.S. Treasury has found that NFTs are rarely used in terror financing, but it reiterated that the tokens are vulnerable to fraud and various scams.

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International Business Times

US, Allies Sanction LockBit Leader Over Ransomware Attacks

The United States, Britain and Australia unveiled sanctions Tuesday against the leader of the Russian ransomware outfit LockBit, which they accuse of extorting billions of dollars from thousands of victims.

International Business Times

US, China Agree To Hold Talks On 'Balanced Economic Growth'

The United States and China have agreed to hold "intensive exchanges on balanced growth", the US Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.

International Business Times

US Sanctions Network Smuggling American Tech To Iran's Central Bank

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank.

International Business Times

US Treasury Warns About Crypto Transaction Concealment Methods

The U.S. Treasury Department said in its 2024 National Money Laundering Risk Assessment report that cybercriminals are fast evolving their methods in laundering illicit funds, especially with the proliferation of "privacy coins" and "mixers."

The Conversation

Why the world is turning away from the US dollar

The invasion of Ukraine in February 2022 prompted the US Treasury Department to impose unprecedented sanctions on Russia, to hold it “accountable for its premeditated and unprovoked invasion”.

International Business Times

Lazarus Hacking Group Moves Over $1M In BTC From Crypto Mixer Amid Spot Bitcoin ETF Buzz

The Lazarus Group was involved in a third of all crypto exploits and thefts, siphoning off around $600 million in funds in 2023 alone.

International Business Times

US Sanctions Belarus Red Cross Chief Over Ukraine Child Deportations

The U.S. unveiled sanctions Tuesday against the head of the Belarus Red Cross, accusing him of being complicit in the deportation of Ukrainian children to Russia.

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