The money had recently transferred to Iran as part of a U.S.-Iran deal that led to the release of five imprisoned Americans from Iran last month.
Category: Treasury Department
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State and Local Governments Have Billions in Pandemic Aid Left to Spend
Two years after the federal government approved $350 billion in emergency funding for states and localities to respond to the public health crisis, much of the funds have not been used.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
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Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy?
A run-up in longer-term interest rates could help the Federal Reserve get the economic cool-down it wants — but it also risks a bumpy landing.
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McCarthy’s Ouster Adds to Market Jitters
Stocks and bonds have tumbled worldwide, with the 30-year Treasury bill hitting a 16-year high. Investors are worried about the economy’s health.
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A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
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U.S. National Debt Tops $33 Trillion for First Time
The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming.
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Wally Adeyemo, the Deputy Treasury Secretary, to Visit Nigeria
Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.
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Yellow’s Promise to Repay Federal Debt Provokes Skepticism
The trucking company, which has filed for bankruptcy protection, owes more than $700 million to the Treasury Department.