The Latest Breaking News from US Treasury

What is LockBit ransomware and how does it operate?

Name of malware and criminal group behind it, LockBit has been blamed for attack on Royal Mail

The Guardian - UK · Jan 13, 2023

How Congress cracked down on tax scam

New law shuts down “syndicated conservation easements” that exploit charitable tax break meant to preserve lands

Salon · Jan 11, 2023

McCarthy Took $2 Million From FTX Crypto Scam Co-Founder

He hasn't said what he intends to do about the money, while other Republicans have turned FTX funds over to the U.S. Treasury. 

Zenger · Jan 7, 2023

Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike.

Reuters · Dec 6, 2022

Financial instability: the hunt for the next market fracture

Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

Financial Times · Dec 5, 2022

Fed Chair Jerome Powell is on a high-stakes mission to tame inflation. Some insiders fear he’ll go too far. Others fear he won’t go far enough

The Federal Reserve chairman has sworn to fight runaway price increases, but Powell's critics fear he’ll cave in to political pressure before he wins the battle.

Fortune · Nov 29, 2022

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…

Asharq Al-Awsat · Nov 23, 2022

U.S., Japan and partners mobilise $20 billion to move Indonesia away from coal

A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak emissions date by seven years to 2030, the United States, Japan and partners said on Tuesday.

Reuters · Nov 15, 2022

1 ETF It Would Be Smart to Avoid as the Fed Raises Rates

The Fed has raised interest rates six times this year to control persistent inflation. As long-term bonds are more sensitive to rate hikes than their short- and medium-term counterparts, the iShares 20+ Years Treasury Bond ETF (TLT) might be best avoided now. Read on….

StockNews.com · Nov 8, 2022

U.S. Treasury thwarted attack by Russian hacker group last month-official

The U.S. Treasury last month repelled cyber attacks by a pro-Russian hacker group, preventing disruption and confirming the effectiveness of the department's stronger approach to financial system cybersecurity, a U.S. Treasury official said on Tuesday.

Reuters · Nov 1, 2022