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The Latest Breaking News from Treasury Department

The Rate Hike Investors Actually Like Crashes The TreasuryDirect Website

Inflation hedge Series I savings bonds paying 9.62% unleashed a flood of buyers to the Treasury Department website on Wednesday, crashing the website ahead of a Friday deadline to receive the guaranteed 9.62% interest rate. What Happened: "Due to exceptionally high traffic, the TreasuryDirect website has experienced intermittent slowdowns today,"…

Benzinga

House GOP wants answers on IRS leak - Roll Call

House Ways and Means Republicans are renewing pressure on the Biden administration over a leak of taxpayer information to ProPublica.

Roll Call

PM confident on Apec turnout

Prime Minister Prayut Chan-o-cha said on Tuesday most of the 21 Asia-Pacific Economic Cooperation (Apec) leaders have confirmed their participation at the summit set for Nov 18-19 in Bangkok.

Bangkok Post

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Biden targets Nicaragua's gold industry in a new move against Daniel Ortega

Biden's order and other steps announced Monday are perhaps the most aggressive attempt by the U.S. to hold the Ortega accountable for his continued attacks on human rights and democracy.

WEKU

US budget deficit drops by half in 2022 on pandemic recovery

Washington (AFP) - The US budget deficit fell by half in the past year to $1.4 trillion on the back of a pandemic recovery and as relief spending eased, the government said Friday.

AFP

Student debt forgiveness causes monthly deficit to jump 562%

The Treasury Department says that the federal budget deficit was 562% higher on a monthly basis compared with September 2021

The Independent UK

Senior US Official Travels to Türkiye to Discuss Sanctions on Russia

A senior US Treasury Department official traveled to Türkiye this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said. Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg traveled to Ankara and Istanbul from Monday through Wednesday, where she…

Asharq Al-Awsat

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US busts network providing technology to Russian military

The Biden administration has announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine

The Independent UK

Senior U.S. Treasury official traveled to Turkey to discuss sanctions on Russia

A senior U.S. Treasury Department official traveled to Turkey this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said, as Washington closely monitors growing economic ties between Ankara and Moscow.

Reuters

U.S. hits al-Shabab finance facilitators with sanctions

The Treasury Department said Monday that it has sanctioned a group of high-ranking members of the Somalia-based al-Shabab militant group, who act as key middle men between the group and local companies in Somalia

The Independent UK

Treasury Department to investigate Florida’s use of COVID funds for migrant flights

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether Florida’s state government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.

McClatchy Washington Bureau

Treasury probing Florida Gov. DeSantis' migrant flights

The Treasury Department’s internal watchdog is investigating whether Florida Gov_ Ron DeSantis improperly used federal pandemic aid to fly migrants to Martha’s Vineyard as part of his effort to “transport illegal immigrants to sanctuary destinations.”

The Independent UK

Treasury Department investigating Ron DeSantis political stunt involving migrant flights

The federal government is probing whether the Florida governor improperly used Covid-19 relief money

The Independent UK

Treasury Department to investigate Florida’s use of COVID funds for migrant flights

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether the Florida government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.

McClatchy Washington Bureau

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Axios

Federal watchdog investigating Gov. DeSantis' transport of migrants

"We plan to get this work underway as quickly as possible," the Treasury's deputy inspector general said.

Al Jazeera

Malaysian extradited to US for alleged rhinoceros horn smuggling

Teo Boon Ching, 57, was arrested in Thailand in June and will stand trial in the US for alleged wildlife trafficking.

Bangkok Post

Inflation Keeps U.S. From Stepping In to Slow Dollar's Rapid Rise

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

The Independent UK

US sanctions Bosnian minister in anti-corruption effort

The U.S. government has imposed sanctions on the head of Bosnia’s autonomous Bosniak-Croat Federation and others

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The Independent UK

US hits Russia with sanctions for annexing Ukrainian regions

The U.S. has sanctioned more than 1,000 people and firms connected to Russia’s invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law

The Independent UK

Biden says US will not be intimidated by Putin’s ‘reckless words and threats’: ‘He’s not going to scare us’

‘America and its allies ... are not going to be intimidated by Putin and his reckless words and threats. He’s not going to scare us and he doesn’t intimidate us’

The Independent UK

LOCALIZE IT: States spending virus aid on infrastructure

EDITORS/NEWS DIRECTORS

The Independent UK

States spend federal COVID aid on roads, buildings, seawalls

States are spending billions of dollars of federal pandemic relief funds on infrastructure projects such as roads, bridges and public buildings

Bangkok Post

New assessed land prices set for Jan 1 unveiling

The Treasury Department plans to announce the new assessed land prices for 2023-26 on Jan 1 next year, estimated to be 7-8% higher than prices during the pre-pandemic period, according to director-general Prapas Kong-Ied.

Asharq Al-Awsat

Washington Takes Measures to Ease Iranians Access to Internet

The United States Treasury Department issued guidance expanding the range of internet services available to Iranians despite US sanctions on the country. The US took action to support the free flow of information and access to fact-based information to the Iranian people after the Iranian government cut off access to…

WEKU

U.S. lets tech firms boost internet access in Iran following a crackdown on protesters

The move authorizes firms to offer more social media and collaboration platforms, video conferencing and cloud-based services in Iran following a crackdown on protests over the death of Mahsa Amini.

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