President Biden and former President Obama make announcement. President Joe Biden met with former President Barack Obama for a working lunch on Tuesday. Afterward, they announced that more…
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U.S. Government Seizes Russian Yacht
First seizure made by task force REPO. On Monday, the U.S. Government seized a yacht worth $120 million owned by Russian billionaire Viktor Vekselberg. An ally of President…
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Treasury Sanctions Funders of Boko Haram Terrorists
The six individuals in the UAE were also arrested. The Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions last week on six individuals in the United…
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U.S. and Allies Impose New Sanctions on Russia
President Biden confirms measures against Russian defense companies. President Joe Biden met with NATO and G7 allies Thursday in emergency sessions about Russia’s attacks against Ukraine as the…
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Treasury Department Sanctions Drug Traffickers
Targets individuals and organizations in Guatemala and Mexico. The Treasury Department’s Office of Foreign Assets Control (OFAC) designated the Los Huistas Drug Trafficking Organization (DTO) as a sanctioned…
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Treasury Department Announces IRS Backlog Strategy
Extra work from pandemic addressed with “aggressive plan.” The Department of the Treasury recently announced that they would be enacting an “aggressive plan” to catch up on heavily…
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House Writes DOJ, Treasury About Opioid Settlement
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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