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The Latest Breaking News from Treasury Department

New EV tax credits OK for leased vehicles, fed guidance says

WASHINGTON— Leased vehicles will likely be able to qualify for new commercial electric vehicle tax credits without meeting stringent mineral and battery requirements or being built in North America, according to U.S. Treasury Department guidance released Thursday.

Tribune News Service

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Independent UK

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle

The Independent UK

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What's in Elizabeth Warren’s new crypto bill?

The money laundering-focused legislation could change the entire ecosystem.

Fortune

House committee votes to release Trump tax returns over objections by U.S. Rep. Kevin Brady

Brady, the top Republican on the House tax-writing committee, urged the committee not to release the former president’s records just before it deliberated on what to do with them.

The Texas Tribune

Rule delay makes big EV tax credit possible early next year

People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks

The Independent UK

Huai Khwang posts highest price rise

Land prices in Huai Khwang in central Bangkok had the highest rises in the city according to a new assessment, says Treasury Department director-general Chamroen Phothiyod.

Bangkok Post

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Sixth Circuit finds constitutional flaw in ARPA Tax Cut Ban

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

US financial sanctions target one of Russia's richest men

Washington (AFP) - The US announced financial sanctions targeting one of Russia's wealthiest men, Vladimir Potanin, the Treasury Department and State Department said Thursday, adding to efforts that curb Moscow's ability to fund its war in Ukraine.

AFP

US announces sanctions against son of Zimbabwean president

The US Treasury Department has accused Emmerson Mnangagwa Jr of ties to sanctioned businessman Kudakwashe Tagwirei.

Al Jazeera

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

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

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Asharq Al-Awsat

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,…

The Independent UK

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

Reuters

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.

Asharq Al-Awsat

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…

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Reuters

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.

The Independent UK

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

Zenger

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.

Tribune News Service

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.

The Independent UK

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

Roll Call

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.

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

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