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The Latest Breaking News from Treasury Department

Supreme Court OKs handover of Trump tax returns to Congress

The Supreme Court has cleared the way for the handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight

The Independent UK

Supreme Court denies Trump bid to keep tax records from House - Roll Call

The Supreme Court cleared the way for the Ways and Means panel to get six years of former President Donald Trump’s tax returns from the IRS.

Roll Call

Sixth Circuit Concludes ARPA Condition on COVID Relief Violates Spending Clause

The U.S. Court of Appeals for the Sixth Circuit concluded some state challenges to the COVID relief bill were not justiciable, but reaches the merits in one case and finds the law lacking.

Reason

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Dutch, UK fentanyl sellers hit with Treasury sanctions

Two Dutch nationals, an Englishman and nine companies have been targeted for sanctions by the U.S. government for allegedly operating an illegal fentanyl ring that generated millions of dollars in virtual currency

The Independent UK

U.S. slaps sanctions on Burmese arms dealer, company

The United States imposed sanctions on Tuesday on a Burmese arms dealer and his company for facilitating arms deals and weapons purchases on behalf of Myanmar's military, the Treasury Department said.

Reuters

U.S. sanctions South African Islamic State-affiliated firms

The U.S. has imposed its second round of sanctions in less than a week on people and firms in Africa who it says have provided financial or material support to the Islamic State group

The Independent UK

Series I bond rates decline to still-high 6.89% ⁠— here’s how to buy them

If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The Treasury Department announced that I bonds will now pay 6.89% for a full six months on any bonds…

Tribune News Service

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US Sanctions Oil Smuggling Network Supporting Iran's Quds Force

The United States on Thursday imposed sanctions on an international oil smuggling network it accused of supporting Lebanon’s Hezbollah and Iran's Quds Force, as Washington seeks to increase pressure on Tehran. In a statement, the US Treasury Department said it designated members of the network that facilitated oil trades and…

Asharq Al-Awsat

Russian hackers account for most 2021 ransomware schemes, U.S. says

Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a U.S. financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed.

Reuters

Treasury sanctions IS-Somalia weapons traffickers, al-Shabab

The Treasury Department has announced sanctions against a weapons trafficking network affiliated with the Islamic State group in Somalia and the al-Qaida-linked al-Shabab extremist group, which are accused of carrying out deadly terrorist acts on civilians including car bombings

The Independent UK

Trump seeks halt to House tax data access

Former US president Donald Trump is trying to stop his tax returns from being handed to a congressional committee.

The New Daily

Trump asks Supreme Court to block disclosure of his tax returns

WASHINGTON — Former President Donald Trump has asked the U.S. Supreme Court to block a congressional committee from getting years of his tax returns.

Tribune News Service

Trump asks justices to keep tax returns from House committee

Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee

The Independent UK

US sanctions Iran-based group that put bounty on Salman Rushdie

Treasury Department accuses the 15 Khordad Foundation of inciting violence by offering a bounty of more than $3m.

Al Jazeera

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Salon

Appeals court: Release Trump's taxes

Trump could still appeal to the Supreme Court — and run out the clock before potential GOP House takeover

Benzinga

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,"…

Roll Call

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.

Bangkok Post

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.

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WEKU

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.

The Independent UK

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

Asharq Al-Awsat

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…

The Independent UK

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

Reuters

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.

The Independent UK

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

McClatchy Washington Bureau

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.

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