Similar regulations are imposed by other G7 members. The Department of the Treasury announced a new determination last week that sanctions and blocks the import of Russian metals…
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CBO Predicts Summer Government Default
The rise of the debt ceiling is still being negotiated. The Congressional Budget Office has projected that the Treasury Department will run out of ways to prevent a…
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Secretary Blinken to Meet Top China Diplomat
He is seeking “détente” over the spy balloon. Secretary of State Antony Blinken will be attending the Munich Security Conference this weekend, during which he will have the…
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Treasury Department Awards $690 Million for Rental Assistance
Funds are being distributed to 89 state and local grantees. The Department of the Treasury released an additional $690 million for rental assistance through their Emergency Rental Assistance…
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Bill Would Eliminate Federal Debt Ceiling
Congress looking for ways to avoid regular adjustments of debt ceiling. Representative Bill Foster of Illinois and 42 co-sponsors introduced the End the Threat of Default Act which…
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Secretary Yellen Meets with Zambian President Hichilema
Together, they discuss the war in Ukraine and global debt management. Secretary of the Treasury Janet Yellen traveled to Zambia early in the week, where she met with…
Read MoreTreasury Secretary Urges Congress to Act on Debt Ceiling
She says steps must be taken to avoid default. Treasury Secretary Janet Yellen has notified Congress that the statutory debt limit of the U.S. will be reached this…
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Debt Ceiling a Topic for Incoming Congress
Some legislators are encouraging better fiscal management. In the coming months, the current $31.4 trillion borrowing limit for the nation will need to be addressed by Congress. Some…
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Treasury Secretary Promotes Cryptocurrency Regulation
She expresses skepticism about the digital asset industry. The collapse of a cryptocurrency exchange known as FTX has been called a “Lehman moment” by Treasury Secretary Janet Yellen.…
Read MoreTreasury Secretary Delivers Semi-Annual Report to Congress
Reviews foreign trade of goods and services through June 2022. The Department of the Treasury delivered its semiannual macroeconomic report to Congress last week. The report goes over…
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