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The Latest Breaking News from the US Treasury

Politicians have gone silent over the finance industry’s favorite tax loophole. Has private equity won the carried interest debate for good?

PE firms get taxed at lower rate than many U.S. workers

Fortune

'El Tanque' is among those accused by the U.S. of leading a fuel theft ring for the CJNG cartel

Over the past two years, the U.S. Treasury has sanctioned more than 300 targets for involvement in drug trafficking activities

Latin Times

Why gift cards fall into a gap in the 2-tier banking regulation system − and a brief history of why that gap exists

Protections against banking fraud in the U.S. have never been able to keep pace with criminals.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Yellen To Address G20 Finance Leaders On US Policy Commitments After Biden's Withdrawal From Presidential Race

U.S. Treasury Secretary Janet Yellen's presence at the G20 summit in Brazil aims to address subjects on green energy incentives, efforts to tackle debt distress, support for Ukraine and the capacity of China's manufacturing sector.

International Business Times

Tax revenue jumps 22% in April, but U.S. deficit still looms large

The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.

WEKU

Senator Warren Criticizes US Treasury For Addressing Racial Discrimination Slowly

Senator Warren emphasizes the urgency of combating racial discrimination in the financial sector for a more inclusive and equitable system.

Top News

Iraq No-frills Carrier Says No Grounds For US Sanctions

Iraqi no-frills carrier Fly Baghdad has condemned Washington's imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran's Revolutionary Guards.

International Business Times

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Reason

20 Years to Disaster

"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."

Fortune

The largest freight bankruptcy in history punched a $5 billion hole in the economy, cost 30,000 jobs, and left the taxpayer holding the bag for a COVID bailout

Would you take a deal to revive Yellow and bring back some of its lost jobs? Or would you scrap it and sell it for parts?

Zenger

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

Chamath Palihapitiya calls out fiscal policies and suggests selling long-dated maturities to match America's future

Fortune

Billionaire investor Stanley Druckenmiller accuses Janet Yellen of making the ‘biggest blunder in Treasury history’

The hedge funder argued that the Treasury Secretary “has no right” to still be in her job.

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Kiplinger

The Benefits of I Bonds vs EE Bonds To Store Your Savings

All of the information you'll need to choose between Series I and EE savings bonds.

Al Jazeera

US imposes sanctions on leaders in Sudan’s RSF over ‘extensive’ abuses

Washington accuses paramilitary group’s deputy commander and top general in West Darfur of human rights violations.

The Independent UK

US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations

The United States, United Kingdom, and Canada have slapped sanctions on Lebanon’s embattled ex-central bank governor and a handful of close relatives and associates over allegations of corruption

The Guardian - AU

Biden’s China investment ban: who’s targeted and what does it mean for the 2024 US election?

New measures from the US Treasury will target several key sectors including semiconductors, quantum computing and artificial intelligence

Investors Business Daily

Who Takes The Hit From Yellow's Massive Bankruptcy? You Do

You might be surprised who owns one of the biggest slices of Yellow's stock going into the company's bankruptcy protection.

Zenger

Mixed Jobs Report Signals Uncertainty In US Economy

Unemployment rate drops, but job additions fall short of expectations, impacting Fed's interest rate decisions.

Al Jazeera

US Treasury sanctions Bosnian Serb leaders for ‘inflammatory legislation’

The law would allow Republika Srpska, part of Bosnia and Herzegovina, to ignore the country’s Constitutional Court.

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