Latest U.S. Department of the Treasury News

Alabama asks feds if COVID funds can be used for prisons

Jul. 18, 2021 10:47 AM EDT

Alabama is asking federal officials whether COVID-19 recovery funds can be used to improve state prisons with “better, enhanced, and/or extended infrastructure." The Montgomery Advertise r reports that Corrections Commissioner Jeff Dunn sent a letter to the U.S....

US eases crippling Venezuela sanction, allows propane deals

Jul. 12, 2021 21:14 PM EDT

CARACAS, Venezuela (AP) — The U.S. government on Monday moved to ease a crippling sanction imposed by the Trump administration on Venezuela by allowing companies to export propane to the troubled South American country, a step that could mitigate a shortage that has pushed people to cook on...

Hawaii lawmakers amend bills in response to governor request

Jul. 08, 2021 22:41 PM EDT

HONOLULU (AP) — Hawaii lawmakers on Thursday passed amendments to several bills as requested by Gov. David Ige, including one that uses general funds to repay debt instead of federal COVID-19 relief funds. Democratic Rep. Sylvia Luke, the chair of the House Finance...

Venezuelan tycoon sues US to lift narcotics sanctions

Jun. 30, 2021 17:38 PM EDT

MIAMI (AP) — A top Venezuelan businessman close to President Nicolas Maduro's government has sued the U.S. Department of Treasury, alleging he's the victim of a false campaign identifying him as a international narcotics kingpin. The lawsuit filed Tuesday by Samark...

Hawaii governor may veto teacher bonuses, hotel tax overhaul

Jun. 21, 2021 22:52 PM EDT

HONOLULU (AP) — Hawaii Gov. David Ige said Monday he may veto 28 bills passed by the Legislature this year, including measures that would award bonuses to public school teachers and overhaul the transient accommodations tax. The governor said he planned to use his...

Official: US told Nicaragua it will respect vote -- if free

Jun. 11, 2021 00:29 AM EDT

MEXICO CITY (AP) — A senior U.S. official said Thursday that less than two week ago, Secretary of State Antony Blinken told Nicaragua's foreign minister that the Biden administration would respect the results of free and fair elections in November. But since then, the...

Leak of billionaires' tax data draws GOP outcry over privacy

Jun. 10, 2021 17:12 PM EDT

WASHINGTON (AP) — Republicans in Congress are alarmed by the leak of confidential IRS data to the investigative news organization ProPublica, enabling it to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times. A...

US imposes sanctions on daughter of Nicaragua's president

Jun. 09, 2021 18:36 PM EDT

MANAGUA, Nicaragua (AP) — The U.S. Treasury Department slapped sanctions on the daughter of Nicaraguan President Daniel Ortega and a top army official Wednesday, a day after the arrests of two more potential opposition candidates for the presidency. The U.S. said the...

Ex-Treasury worker sentenced to 6 months in 'leak' case

Jun. 03, 2021 18:43 PM EDT

NEW YORK (AP) — A former U.S. Treasury Department worker was sentenced to six months in prison Thursday for leaking confidential financial reports to a journalist at BuzzFeed. Natalie Mayflower Sours Edwards pleaded guilty last year to a conspiracy charge, admitting she...

AP source: Biden ending Trump OK for US oil company in Syria

May. 27, 2021 14:14 PM EDT

The Biden administration has decided it will not renew a waiver that allowed a politically connected U.S. oil company to operate in northeast Syria under President Donald Trump's pledge to “keep the oil” produced in the region, according to a U.S. official familiar with the decision. ...