Latest U.S. Department of the Treasury News
Erdogan's new central bank chief signals hope for Turkey's economic turnaround
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan appointed a former U.S.-based bank executive to head the central bank Friday, sending the strongest signal yet that the newly reelected leader might pivot from his unusual economic policies that many blame for worsening a cost-of-living...
Why Turkey's currency is crashing after Erdogan got reelected
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan won reelection last month despite a battered economy and a cost-of-living crisis that experts say are exacerbated by his unconventional economic policies. The longtime leader appointed an internationally respected former...
Activist: Kidnapping, killings of call center workers in Mexico has been happening for years
MEXICO CITY (AP) — A missing-persons activist in western Mexico said Wednesday that call center workers have been going missing in Mexico since at least 2017, and that authorities have done little to solve the cases. Activist Hector Flores says authorities’ failure to investigate...
8 young workers at drug cartel call center killed, bodies placed in bags
MEXICO CITY (AP) — As many as eight young workers were confirmed dead Tuesday in Mexico after they apparently tried to quit jobs at a call center operated by a violent drug cartel that targeted Americans in a real estate scam. U.S. and Mexican officials confirmed the brutal story...
US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program
WASHINGTON (AP) — The U.S. said Tuesday it is sanctioning a group of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program. The network of seven people and six firms "facilitated procurement of sensitive and...
US sanctions Russian intelligence-linked group over efforts to destabilize pro-Western Moldova
WASHINGTON (AP) — The U.S. imposed sanctions Monday on a group of people linked to Russian intelligence who it said had helped the Kremlin destabilize Moldova's democratically elected, pro-Western government through protests in the Moldovan capital earlier this year. The Treasury...
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
WASHINGTON (AP) — With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. It was a decidedly low-key denouement to a monthslong drama that unnerved...
Biden celebrates a 'crisis averted’ in Oval Office address on bipartisan debt ceiling deal
WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted" in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he said would have been catastrophic for the...
CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions
WASHINGTON (AP) — CIA Director William Burns went to Beijing in May to meet with Chinese counterparts, a U.S. official said Friday, in what is the highest level visit by a Biden administration official since a suspected Chinese spy balloon was shot down by American forces. Burns'...
Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden
WASHINGTON (AP) — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline. ...
