Category: Treasury Department

U.S. Accuses Russian TV Network of Conducting Covert Intelligence Acts

Sanctions announced on Friday are an effort to undercut RT by making it difficult for the network to conduct global business in dollars.
A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.
U.S. Officials to Visit China for Economic Talks as Trade Tensions Rise

The recently established U.S.-China Financial Working Group is set to meet for discussions about financial stability and curbing the flow of fentanyl.
U.S. Officials to Visit China for Economic Talks as Trade Tensions Rise

The recently established U.S.-China Financial Working Group is set to meet for discussions about financial stability and curbing the flow of fentanyl.
U.S. National Debt Tops $35 Trillion for First Time

The presidential candidates have offered few ideas for reducing the debt burden as red ink continues to mount.
How Janet Yellen Became an Unlikely Culinary Diplomat

The Treasury secretary views food as a way to connect, and her dining decisions have become the subject of global intrigue.
I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion

The beefed-up enforcement is part of the agency’s modernization initiative aimed at improving customer service and catching wealthy tax evaders.
New Plan to Target Russia’s Oil Revenue Brings Debate in White House

Treasury officials want to impose penalties on tankers that help Russian oil evade sanctions. White House aides worry that risks making gasoline more expensive.
Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration

Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in the United States.
U.S. Unveils Rules to Curb Investments in Chinese Technology

The Treasury Department unveiled rules to curb financing of Chinese semiconductors, quantum computers and artificial intelligence systems.
U.S. Expands Sanctions on Russia as G7 Leaders Gather

The Biden administration is taking new measures aimed at stopping China from helping the Kremlin sustain its war effort against Ukraine. U.S. officials hope European nations will take similar steps.
Interest on Federal Student Loans Is Rising to 6.53%

The rate for undergraduate loans is up from 5.5 percent this past school year and higher than it has been in more than a decade.