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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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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