Category: Treasury Department

U.S. Accuses Chinese Hackers of Targeting Critical Infrastructure in America

The Treasury Department accused the hackers of working as a front for Beijing’s top spy agency.
Sex Abuse Inquiry Poses Leadership Test for World Bank’s Ajay Banga

The bank is facing scrutiny as it debates how to compensate victims of abuse at Kenyan schools that it was financing.
U.S. Imposes Major New Sanctions on Russia, Targeting Finance and Defense

The Biden administration, responding to the death of Aleksei A. Navalny, unveiled its largest sanctions package to date as the war in Ukraine enters its third year.
Electric Vehicle Charging Tax Credits Will Be Available in Much of Country

Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies

President Biden will sign an executive order granting the Treasury Department broader powers to curb the flow of weapons components.
Wall Street’s Bond ‘Vigilantes’ Are Back

The financial world has been debating if market appetite for buying U.S. debt is near a limit. The ramifications for funding government priorities are immense.
Clean Energy Tax Credits Leave the Door Open to Chinese Investment

The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.
U.S. and Mexico Try to Promote Trade While Curbing Flow of Fentanyl

In her Mexico City visit, Treasury Secretary Janet L. Yellen sought to deepen economic ties while countering drug trafficking.
Why Lobbyists Are Still Fighting Congress on Money Laundering

A law to require disclosure of corporate ownership takes effect Jan. 1. Small businesses and banks say it would be too burdensome and are turning to lobbying and the courts to delay or block it.
U.S. Moves to Crack Down on Money Behind Fentanyl Trade

Treasury Secretary Janet L. Yellen will travel to Mexico this week for talks on countering illicit finance and fentanyl.
U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry

The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Bidder Aims to Save Bankrupt Trucking Firm Yellow

The plan would put Yellow back on the road with thousands of unionized drivers, but would force the government to wait longer for a loan repayment.