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The Latest Breaking News from the US Treasury

US Imposes Sanctions On 'Gaza Now' And Founder For Alleged Hamas Support

Gaza Now's Arabic channel boasts a substantial following of over 300,000 on X, along with a significant presence on the encrypted chat platform Telegram.

International Business Times

Crypto firm moved $4.2m of assets to digital wallet linked to alleged Russian arms dealer

Analysis shows link between Copper Technologies and Jonatan Zimenkov, who was later hit with US sanctions over Ukraine invasion

The Guardian - UK

FCC Chair Urges Congress to Restore Spectrum Auction Authority

FCC’s authority to auction unused spectrum has been in limbo since Congress allowed it to lapse in March 2023

TV Tech

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Bitcoin 'Specifically Referenced' In Suspected Child Exploitation Activities: US Treasury

Bitcoin has been linked to transactions associated with suspected human trafficking and child exploitation activities, a new analysis by the U.S. Treasury Department revealed.

International Business Times

US Treasury Proposes Anti-Money Laundering Rules for Fund Advisers

The US Treasury unit has proposed new rules requiring fund advisers to strengthen anti-money laundering measures, aiming to combat financial crime.

Top News

Iraq No-frills Carrier Says No Grounds For US Sanctions

Iraqi no-frills carrier Fly Baghdad has condemned Washington's imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran's Revolutionary Guards.

International Business Times

20 Years to Disaster

"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."

Reason

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The largest freight bankruptcy in history punched a $5 billion hole in the economy, cost 30,000 jobs, and left the taxpayer holding the bag for a COVID bailout

Would you take a deal to revive Yellow and bring back some of its lost jobs? Or would you scrap it and sell it for parts?

Fortune

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

Chamath Palihapitiya calls out fiscal policies and suggests selling long-dated maturities to match America's future

Zenger

Billionaire investor Stanley Druckenmiller accuses Janet Yellen of making the ‘biggest blunder in Treasury history’

The hedge funder argued that the Treasury Secretary “has no right” to still be in her job.

Fortune

The Benefits of I Bonds vs EE Bonds to Store Your Savings

All of the information you'll need to choose between Series I and EE savings bonds is right here.

Kiplinger

US imposes sanctions on leaders in Sudan’s RSF over ‘extensive’ abuses

Washington accuses paramilitary group’s deputy commander and top general in West Darfur of human rights violations.

Al Jazeera

US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations

The United States, United Kingdom, and Canada have slapped sanctions on Lebanon’s embattled ex-central bank governor and a handful of close relatives and associates over allegations of corruption

The Independent UK

Biden’s China investment ban: who’s targeted and what does it mean for the 2024 US election?

New measures from the US Treasury will target several key sectors including semiconductors, quantum computing and artificial intelligence

The Guardian - AU

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Zenger

Mixed Jobs Report Signals Uncertainty In US Economy

Unemployment rate drops, but job additions fall short of expectations, impacting Fed's interest rate decisions.

Al Jazeera

US Treasury sanctions Bosnian Serb leaders for ‘inflammatory legislation’

The law would allow Republika Srpska, part of Bosnia and Herzegovina, to ignore the country’s Constitutional Court.

The Independent UK

4 separatist Bosnian Serb leaders are sanctioned by US Treasury for undermining a 1995 peace deal

The U.S. has imposed sanctions on four ranking Bosnian Serb officials for undermining a 1995 peace agreement that ended a war that left more than 100,000 dead and millions homeless

The Guardian - UK

‘It is like a virus that spreads’: business as usual for Wagner group’s extensive Africa network

Despite Yevgeny Prigozhin’s rebellion against the Kremlin, his military contracts are proving too profitable to lose

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France 24

Main suspect in Khashoggi killing reappears in public as MBS visits Paris

One of the main suspects in the 2018 assassination of journalist Jamal Khashoggi has emerged from the shadows as Saudi Crown Prince Mohammed bin Salman (MBS) visits Paris in an effort to rebrand his image in the West. Several videos circulating on social media have shown Saoud al-Qahtani, MBS's former…

Al Jazeera

US House of Representatives votes ‘yes’ on debt-ceiling deal

Speaker Kevin McCarthy faced opposition in his own party to a deal hammered out with the White House to avoid default.

The Guardian - UK

Russian weapons manufacturers hosted at Saudi trade event

Companies with direct links to Russian military set to attend, which is likely to heighten tensions with US

360info

How the US could easily avoid default

As the US hits its $31 trillion debt ceiling, there's a danger it could default. Yet the solution to avoiding the debt ceiling is surprisingly simple.

ABC News

What is the US debt ceiling? How does it affect the economy? Could Australia be impacted?

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

Fortune

The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist

The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.

Fortune

JPMorgan CEO Jamie Dimon warns of 'panic' as debt ceiling deadline looms

The U.S. Treasury warns that it might exhaust its ability to borrow money as early as June 1 if Congress does not raise the debt ceiling.

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