Treasury Department – Page 39

Rules to Curb Illicit Dollar Flows Create Hardships for Iraqis

The regulations were meant to prevent dollar transfers to those targeted by U.S. sanctions on Iran, Syria and Russia. But they have ended up harming ordinary Iraqis who need U.S. currency for business or travel.

By Alissa J. Rubin

Economic Conditions and Trends Group of Twenty India International Monetary Fund Russian Invasion of Ukraine (2022) Treasury Department United States United States Economy United States International Relations United States Politics and Government

War in Ukraine Deepens Divide Among Major Economies at G20 Gathering

Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.

By Alan Rappeport

Batteries Biden, Joseph R Jr Electric and Hybrid Vehicles Inflation Reduction Act of 2022 International Trade and World Market Manchin, Joe III Tax Credits, Deductions and Exemptions Treasury Department United States Economy United States Politics and Government

U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies

The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.

By Alan Rappeport

Biden, Joseph R Jr Bipartisan Policy Center Federal Budget (US) National Debt (US) Treasury Department United States Politics and Government

U.S. Could Default on Debt as Early as Summer, New Estimate Says

The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.

By Deborah B. Solomon

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