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The Latest Breaking News from Treasury Department

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

The Independent UK

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.

Tribune News Service

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Appeals court sides with House in fight over Trump tax returns - Roll Call

Appeals court allows the House Ways and Means Committee to get Trump’s personal tax records from the Treasury Department.

Roll Call

US announces sanctions against currency mixer Tornado Cash

US accuses virtual currency mixer of laundering hundreds of millions of dollars stolen by hackers backed by North Korea.

Al Jazeera

US issues sanctions on a 2nd virtual currency mixing firm

The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019

The Independent UK

The U.S. has sanctioned Vladimir Putin's long-rumored romantic partner

Rumors of a relationship between Putin, 69, and Alina Kabaeva, 39, date back more than a decade. Putin and the former Olympic gymnast are thought to have had at least three children together.

WEKU

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Treasury says borrowing needs increased by $262 billion

The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio

The Independent UK

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK

Federal tourism aid funds gas stations, trash cans, jazz

Hundreds of tourism projects nationwide are collectively getting about $2.4 billion in federal coronavirus relief funding

The Independent UK

Forest justice must be for all

A ruling by Chiang Mai's administrative court dismissing a controversial case involving houses and residential buildings for judicial staff draws to a close a long-standing forest conflict in the northern province.

Bangkok Post

U.S. imposes new sanctions on Russian individuals and entities -Treasury Dept

The United States on Friday imposed new sanctions on two Russian individuals and four Russian entities, the Treasury Department's website showed.

Reuters

Australia forecasts high inflation for another 2 years

New forecasts by Australia’s government say runaway inflation will remain unacceptably high for the next two years and economic growth will slow without falling into recession

The Independent UK

Doi Suthep case dismissed

Chiang Mai's Administrative Court on Wednesday dismissed a controversial case involving a housing project for judicial staff situated at the foot of Doi Suthep.

Bangkok Post

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The Street

Crypto: Regulators Target Another Major Platform

The Securities and Exchange Commission is investigating Coinbase. But another crypto exchange is also in the sights of regulators.

Miami Herald

Bank founded by exile in Miami handles Cuba’s accounts for diplomatic posts in the US

A bank with Cuban American roots in Miami has recently started handling the bank accounts for the Cuban Embassy in Washington, D.C., and the Cuban mission at the United Nations in New York.

The Independent UK

Judge tosses Arizona suit over limits on virus relief funds

A judge has dismissed Arizona Gov. Doug Ducey’s lawsuit challenging the Biden administration’s demands that the state stop sending millions in federal COVID-19 relief money to schools that don’t have mask requirements or that close due to COVID-19 outbreaks

The Independent UK

LOCALIZE IT: States get relief money for small businesses

Nine more states have been approved for a piece of nearly $10 billion in relief money being distributed by the federal government to promote small business growth.

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Reuters

Yellen says she had 'productive' meetings on Russian oil price cap

U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies.

Reuters

Yellen cancels public event in Japan after Abe assassination

U.S. Treasury Secretary Janet Yellen has canceled her visit to the Port of Yokohama during her visit to Japan next week out of deference following the assassination of former Prime Minister Shinzo Abe, a Treasury official said on Saturday.

Salon

GOP states using COVID aid for tax cuts

COVID relief bill bans states from using the money to offset the cost of tax cuts so Republicans are suing

Bangkok Post

New land appraisal rules rile hoteliers

Hotels are crying foul over the new land appraisal rules the Treasury Department is set to apply for the land and building tax from next year, saying the decision could deeply hurt the hospitality sector.

Axios

U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

The Independent UK

Treasury blocks $1 billion trust owned by Russian oligarch

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov

AFP

Washington blocks more than $1 bn in Russian oligarch's US assets

Washington (AFP) - The United States on Thursday blocked a US-based company worth more than $1 billion linked to Russian oligarch Suleiman Kerimov, saying the ally of President Vladimir Putin used it to funnel and invest shadowy funds.

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