Express concerns that companies will saddle taxpayers with $26 billion cost. The House Committee on Oversight and Reform addressed a letter to the departments of Justice and the…
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President Orders Study of Cryptocurrency Risk
Wants consideration of creating a U.S. digital currency. President Biden signed an executive order last week instructing agencies across the federal government to study the possible risks presented…
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Treasury Sanctions Two Major Narcotics Traffickers
Under Secretary Brian Nelson delivers announcement. Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) imposed tariffs on two major drug traffickers known to be highly…
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National Debt Exceeds $30 Trillion
Treasury Department announces sobering milestone. America’s total national public debt outstanding is now above $30 trillion, according to Treasury Department data. Government borrowing accelerated during the COVID-19 pandemic as…
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Treasury Deputy Secretary Speaks on Eviction Prevention Program
Encourages lawyers-in-training about the impact of their future efforts. Deputy Secretary of the Treasury Wally Adeyemo spoke during the Department of Justice’s Eviction Prevention seminar on Friday. He…
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Sanctions Imposed Against Russia-Tied Ukrainian Officials
Four individuals found to be connected with ongoing Russian intelligence. The State and Treasury Departments announced Thursday that they plan to set sanctions against four individuals in Ukraine,…
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Treasury Secretary Supports Federal Reserve Nominees
Expresses confidence in their ability to keep the agency independent. President Joe Biden previously nominated Jerome Powell and Lael Brainard to serve on the Federal Reserve Board, and…
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Treasury Department Sanctions 5 North Korean Nationals
Response to providing supplies for ballistic missiles. On Wednesday, the Treasury Department announced U.S. sanctions against five North Korean individuals, one in Russia and four in China, who…
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Treasury to Update COVID Relief Funding Guidelines
A final rule to be issued April 1 for spending options for state funding. The U.S. Department of the Treasury has been providing state governments with funding for…
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U.S. to Spend $10 Billion to Help Small Businesses
Some funding will target disadvantaged communities. The U.S. through the Treasury Department is planning to hand out $10 billion to help young companies gain access to capital in…
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