Congress looking for ways to avoid regular adjustments of debt ceiling. Representative Bill Foster of Illinois and 42 co-sponsors introduced the End the Threat of Default Act which…
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Secretary Yellen Meets with Zambian President Hichilema
Together, they discuss the war in Ukraine and global debt management. Secretary of the Treasury Janet Yellen traveled to Zambia early in the week, where she met with…
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FBI Agents Arrest Bitzlato Founder in Miami
Departments of Justice and Treasury disrupt China-based cryptocurrency. Justice Department officials announced the arrest of Anatoly Legkodymov, the founder of the cryptocurrency exchange company Bitzlato. The FBI made…
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Treasury Secretary Urges Congress to Act on Debt Ceiling
She says steps must be taken to avoid default. Treasury Secretary Janet Yellen has notified Congress that the statutory debt limit of the U.S. will be reached this…
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Chamber of Commerce Urges Congress to End Gridlock
The lobbying group says businesses want to see progress. The U.S. Chamber of Commerce, the largest business lobbying group in the nation, has communicated to Congress that businesses…
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U.S. and Turkey Join Forces to Curtail Financing of ISIS
Turkey imposes a financial freeze while the U.S. implements sanctions. The governments of the United States and Turkey took simultaneous joint actions to disrupt an ISIS financial facilitation…
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Treasury and IRS Announce Opening of EV Tax Credits
Questions remain regarding country of assembly eligibility. The Department of the Treasury and the Internal Revenue Service released additional information regarding tax benefits on clean vehicle provisions under…
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Treasury Department Sanctions Iranian Regime Officials
U.S. responds to Iran’s execution of human rights protestors. The Department of the Treasury has placed sanctions on Iran’s Prosecutor General along with multiple military officials and the…
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Six More States Approved for High-Speed Internet Grants
Capital Projects Fund approves infrastructure applications worth $1 billion The Department of the Treasury has approved broadband project proposals submitted by Florida, Georgia, Iowa, Minnesota, Missouri, and Utah.…
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Treasury Secretary Promotes Cryptocurrency Regulation
She expresses skepticism about the digital asset industry. The collapse of a cryptocurrency exchange known as FTX has been called a “Lehman moment” by Treasury Secretary Janet Yellen.…
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