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The Latest Breaking News from Treasury Department

Why does Biden want to buy Venezuelan oil again?

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…

Bangkok Post

US sanctions more Haitians, including the relatives of people accused of corruption

A former director of Haiti’s customs administration and an “immediate” family member are being sanctioned by the U.S. State Department along with relatives of a current member of the Haitian Senate.

Miami Herald

US sanctions China-based firms over illegal fishing abuses

US Treasury Department targets several Chinese fishing entities, accusing them of being involved in rights abuses.

Al Jazeera

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US sanctions companies for rights abuses in Chinese waters

The Treasury Department says it's sanctioning a group of companies and people linked to illegal fishing operations and human rights abuses in Chinese waters

The Independent UK

US Imposes Sanctions on Turkish Businessman for Helping IRGC

The Biden administration levied sanctions on Thursday on prominent Turkish businessman Sitki Ayan and his network of firms, accusing him of acting as a facilitator for oil sales and money laundering on behalf of Iran’s Revolutionary Guard Corps (IRGC). Ayan’s companies have set up international sales contracts for Iranian oil,…

Asharq Al-Awsat

On the money: Yellen's next milestone is name on US currency

Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary

The Independent UK

Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Reuters

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US Imposes Additional ‘Hezbollah’-Related Sanctions

The United States on Thursday sanctioned individuals and companies for allegedly providing financial services to and facilitating weapons procurement for the Lebanese “Hezbollah,” the US Treasury Department stated. “The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two individuals and two companies based in…

Asharq Al-Awsat

U.S. sanctions Hezbollah's accountants, weapons facilitator

The United States on Thursday sanctioned individuals and companies for allegedly providing financial services to and facilitating weapons procurement for Hezbollah, the U.S. Treasury Department said.

Reuters

New US sanctions against North Koreans over missile program

The Biden administration has imposed sanctions on three members of North Korea's ruling party central committee for their involvement in the country's ballistic missile program

The Independent UK

Kraken Exchange Fined By US Government For Allowing Crypto Transactions In Iran

Kraken, one of the top crypto exchanges by trading volume, agreed to pay up a settlement in violations of the sanctions policy.

Zenger

Treasury turns over Trump tax returns sought by House committee

WASHINGTON — The Treasury Department turned over six years of Donald Trump’s tax returns to a House committee after the Supreme Court cleared the way for the release.

Tribune News Service

Treasury complies with court order on releasing Trump taxes

The Treasury Department says it has complied with a court order to make former President Donald Trump’s tax returns available to a congressional committee

The Independent UK

How to stay ‘alarmingly authentic’ while working on the Hill - Roll Call

Exiting spox Jenna Valle-Riestra has some thoughts after a few eventful years on the Senate Judiciary Committee.

Roll Call

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The Independent UK

Biden making new commitments at Tribal Nations Summit

The Biden administration is making new commitments to Native American nations at the first in-person summit on tribal affairs in six years

Axios

U.S. gives Chevron go ahead to pump oil in Venezuela again

The license signals an opening for other oil companies to resume their business in Venezuela.

The Independent UK

Biden eases Venezuela sanctions as opposition talks resume

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

Asharq Al-Awsat

US Sanctions More Iranian Officials as Crackdowns Continue

The United States on Wednesday imposed sanctions against three more Iranian security officials in response to the Tehran government's continued crackdown on protests after 22-year-old Mahsa Amini died while being held by the morality police for violating the country’s strictly enforced dress code. Hassan Asgari, Alireza Moradi and Mohammad Taghi…

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The Independent UK

US sanctions more Iranian officials as crackdowns continue

The United States has imposed sanctions against three more Iranian security officials in response to the Tehran government’s continued crackdown on protests after the death of Mahsa Amini

WEKU

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

Evening Standard

Donald Trump loses fight to avoid to handing tax returns to Congress

Donald Trump has lost his fight to prevent his tax returns being handed over to a Democrat-led congressional committee.

Asharq Al-Awsat

US, Allies to Set Russia Oil Price Cap in 'Next Few Days'

Washington and its allies are planning to finalize a price cap for Russian oil in "the next few days," as they seek to cut off a critical source of funding for Moscow, the US Treasury Department said Tuesday. The price cap would be the basis for a ban set to…

Axios

Supreme Court won’t halt release of Trump’s tax records to House committee

The House Ways and Means Committee has tried obtaining Trump's tax returns from the IRS for years.

ABC News

The Loop: Cristiano Ronaldo quits Manchester United, release of Trump's taxes gets green light, and 'Teal' the Australian 'Word of the Year' — as it happened

The news Australia is searching for, and all the news that happened while you snoozed: This is The Loop, your quick catch-up for this morning's stories as they happen.

Daily Mirror

Donald Trump loses court fight to stop his tax returns being handed over to Congress

The Supreme Court rejected Trump's plea for an order that would have prevented six years of tax returns being handed over to the Democratic-controlled House Ways and Means Committee.

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