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The Latest Breaking News from Treasury Department

Vongsayam to be awarded water pipeline concession

The Treasury Department plans to award a contract to Vongsayam Korsang Co, the winning bidder of its concession to manage and operate the main water transmission pipeline system in eastern Thailand.

Bangkok Post

U.S. sanctions Iran's morality police -Treasury website

The United States issued fresh Iran-related sanctions on Thursday, targeting Tehran's morality police and security officials, the Treasury Department said in a post on its website.

Reuters

Musk to seek exemption from Iran sanctions for Web access

Elon Musk’s hopes to operate his satellite internet firm in Iran require permission from the Treasury Department, which said Tuesday it welcomes applications to support internet freedom in the country, which is largely isolated from western economies

The Independent UK

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Markey heads probe of DeSantis stunt

The Treasury Department is urged to investigate the Florida governor's use of Covid-19 relief

Salon

Phony document lands on court docket in Trump search case

A document purporting to be from the U.S. government and claiming the Treasury Department had information related to the search at Donald Trump's Florida estate was a fabrication

The Independent UK

U.S. imposes sanctions on supporters of Russia's invasion of Ukraine

The United States on Thursday imposed fresh sanctions to punish those supporting Russia's invasion of Ukraine, targeting people and entities it accused of helping Moscow skirt financial sanctions, steal Ukrainian grain and violate human rights.

Reuters

DOJ charges Iranian hackers in data-stealing scheme

The individuals face four charges, including conspiracy to commit fraud and related activity in connection with computers.

Axios

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U.S. charges three Iranians for ransomware attacks on women's shelter, businesses

Three Iranians have been charged with trying to extort hundreds of thousands of dollars from organizations in the United States, Europe, Iran and Israel, including a domestic violence shelter, by hacking in to their computer systems, U.S. officials said on Wednesday.

Reuters

Malerba sworn in as 1st Native American in US Treasurer post

Mohegan Chief Marilynn “Lynn” Malerba was sworn in Monday, becoming the nation’s first Native American to serve as U.S. Treasurer

The Independent UK

U.S. Treasury's Yellen stresses need for high-impact projects to rebuild Ukraine

U.S. Treasury Secretary Janet Yellen on Friday underscored the need for a broad coalition of partners to help Ukraine recover and rebuild after Russia's invasion, with a focus on near-term, high-impact projects, the Treasury Department said.

Reuters

2 House chairs seek probe into airlines' use of federal aid

Two key lawmakers want the government to investigate whether airlines used federal pandemic-relief money to encourage employees to quit

The Independent UK

In Defense of Not Mourning Queen Elizabeth

Plus: Aretha Franklin's FBI file is declassified, Coinbase challenges Treasury Department sanctions of cryptocurrency technology, and more...

Reason

Govt defends airport transfer move

The Transport Ministry defended the transfer of the management of three regional airports to the Airports of Thailand as part of its budget-saving plan, insisting it is not a sale of state assets.

Bangkok Post

IRS mistakenly published some taxpayers’ confidential data

WASHINGTON — The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.

Tribune News Service

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The Independent UK

House committee reaches deal to get Trump financial records

A House committee seeking financial records from former President Donald Trump has reached an agreement that ends litigation on the matter and requires his accounting firm to turn over certain records to the panel

The Independent UK

Crypto firms say US sanctions limit use of privacy software

The Treasury Department faces pushback from the cryptocurrency industry over sanctions imposed on a virtual currency mixing firm

Reuters

U.S. Treasury official warns Russia trying to bypass Western sanctions via Turkey

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkey's Deputy Finance Minister Yunus Elitas that Russian entities and individuals were attempting to use Turkey to bypass Western sanctions imposed over Moscow's war in Ukraine, the Treasury Department said.

Reason

Fact-Checking Industry Continues Providing Cover for White House's Unbelievable IRS Claims

"Most" new IRS hires, claims a gullible FactCheck.org, "will provide customer services."

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Reason

The Tornado Cash Crackdown Is an Attack on Speech and Privacy

For the first time ever, the Treasury Department has sanctioned not a person or a group but a digital tool and all who would use it.

The Independent UK

Which EVs qualify for new US tax credit? Websites offer help

The U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers

Al Jazeera

US sanctions 3 senior Liberian officials for alleged corruption

All three of the government officials have contributed to Liberia’s worsening corruption, the Treasury Department said.

Reason

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

The Independent UK

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Republican politicians and candidates are distorting how a major economic bill working its way through Congress would overhaul the IRS and affect taxes for the middle class

The Independent UK

Congress can get Trump tax records, appeals court rules

A federal appeals court is siding with Congress in a fight over former President Donald Trump's tax returns

Tribune News Service

Appeals court sides with House in fight over Trump tax returns

WASHINGTON — The House Ways and Means Committee can use a federal law to gain access to the tax returns of former President Donald Trump, a federal appeals court in Washington ruled Tuesday.

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