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The Latest Breaking News from Treasury Department

Crypto firms say US sanctions limit use of privacy software

The Treasury Department faces pushback from the cryptocurrency industry over sanctions imposed on a virtual currency mixing firm

The Independent UK

U.S. Treasury official warns Russia trying to bypass Western sanctions via Turkey

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkey's Deputy Finance Minister Yunus Elitas that Russian entities and individuals were attempting to use Turkey to bypass Western sanctions imposed over Moscow's war in Ukraine, the Treasury Department said.

Reuters

Fact-Checking Industry Continues Providing Cover for White House's Unbelievable IRS Claims

"Most" new IRS hires, claims a gullible FactCheck.org, "will provide customer services."

Reason

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The Tornado Cash Crackdown Is an Attack on Speech and Privacy

For the first time ever, the Treasury Department has sanctioned not a person or a group but a digital tool and all who would use it.

Reason

Which EVs qualify for new US tax credit? Websites offer help

The U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers

The Independent UK

US sanctions 3 senior Liberian officials for alleged corruption

All three of the government officials have contributed to Liberia’s worsening corruption, the Treasury Department said.

Al Jazeera

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason

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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

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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The Independent UK

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

Bangkok Post

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.

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Reuters

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.

The Independent UK

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

Bangkok Post

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.

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.

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.

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