Houthi rebels have escalated attacks in the Red Sea. The Department of the Treasury’s Office of Foreign Assets Control implemented sanctions against an alleged funding network that sends Iranian…
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White House Economic Advisor Says Sale of U.S. Steel Deserves Scrutiny
Bipartisan legislators voiced opposition and concerns over the sale to a Japanese company. Senators John Fetterman of Pennsylvania and J.D. Vance of Ohio called on the Committee on…
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Treasury Announces $162 Million for International Agricultural Fund
The fund supports farmers and aids rural women and youth. The Department of the Treasury pledged $162 million to support the U.N.’s International Fund for Agricultural Development (IFAD).…
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Treasury Department Estimates National Debt Near $34 Trillion
One legislator says federal spending is at a breaking point. The U.S. Census population clock shows the population of America to be nearly 336 million people. The Treasury Department…
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Swiss Bank Banque Pictet Admits Hiding Billions from IRS
The entity reached a $122.9 million agreement with the U.S. Treasury Department. The U.S. Department of the Treasury has come to a $122.9 million agreement with the private…
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Treasury Sanctions Belarusian Officials for Deporting Ukrainian Children
UN reports hundreds of thousands of children have been moved from Ukraine to Russia. The Department of the Treasury has sanctioned 11 entities and seven individuals in Belarus,…
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Treasury Secretary Visits Mexico
She wants to enhance trade and curb drug trafficking. On Tuesday, Treasury Secretary Janet Yellen is meeting with Mexican President Andres Manuel Lopez Obrador and Mexico’s Secretary of…
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IRS Releases Clean Energy Investment Tax Credit
The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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Government Accountability Office Finds Massive Spending Discrepancies
Four administration departments and 49 agencies “flagged.” The Government Accountability Office issued a report on incorrectly reported spending or missing reports on government spending information. The Departments of…
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Interest on National Debt Now the Top Budget Expense
Treasury data shows interest exceeds $1 trillion per year. Information from the U.S. Treasury Department shows that estimated annualized interest payments on the nation’s debt exceeded $1 trillion…
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