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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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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U.S. Treasury Imposes Sanctions on Belarus
Penalizes Lukashenka administration for Russian support. The Department of the Treasury announced on Friday that they are sanctioning 24 individuals and entities in Belarus. President Alexander Lukashenka has…
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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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Secretary Yellen Gives Speech for MLK Day
Address racial wealth divide still present in America. Treasury Secretary Janet Yellen spoke on Martin Luther King, Jr. Day about how Dr. King’s vision has impacted America’s economy.…
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Treasury Awards $8.7 Billion for Minority Community Loans
Emergency Capital Investment Program hopes to address wealth gap. The Treasury Department hosted the Freedman’s Bank Forum last week, where Vice President Kamala Harris and Treasury Secretary Janet…
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Debt Limit Deal Advances in Senate
A vote is expected on Friday as Senate clear procedural hurdles. The Senate took a step toward increasing the federal government’s debt limit by voting to limit debate…
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House Plans Debt Limit Vote This Week
New borrowing authority is needed by December 15 to avoid a shutdown. House Majority Leader Steny Hoyer said Monday that the House will vote on a bill to…
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Congress Nears Debt Limit Deadline
No deals are currently on the horizon. The deadline to increase the federal debt limit is only weeks away—December 15. Senate Majority Leader Chuck Schumer of New York and…
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G20 Leaders Endorse Global Minimum Tax
The deal removes offshore incentives for American companies. World leaders meeting in Rome on Sunday for the G20 summit announced their endorsement of global minimum tax. The leaders…
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