Latest U.S. Department of the Treasury News

Alleged Mexican drug cartel boss charged in California

Sep. 22, 2021 20:05 PM EDT

SAN DIEGO (AP) — An alleged top lieutenant of Mexico's Sinaloa drug cartel has been accused of helping smuggle tons of methamphetamine, fentanyl, heroin and other drugs into the United States, federal authorities said Wednesday. A 2018 indictment by a federal grand jury...

US threatens sanctions against officials in Tigray conflict

Sep. 17, 2021 15:18 PM EDT

WASHINGTON (AP) — The White House on Friday threatened to impose sanctions against Ethiopian Prime Minister Abiy Ahmed and other leaders involved in a conflict gripping the Tigray region, where 10 months of fighting have left hundreds of thousands of people facing famine. ...

US targets 5 al-Qaida operatives in Turkey with sanctions

Sep. 16, 2021 14:36 PM EDT

WASHINGTON (AP) — The U.S. Treasury Department announced sanctions Thursday against five men in Turkey suspected of providing financial services and travel assistance to al-Qaida. The five are a mix of Turkish and Egyptian nationals who Treasury said provided various...

Harris, Yellen make a personal case for fixing child care

Sep. 15, 2021 18:03 PM EDT

The U.S. Treasury Department issued a report Wednesday that detailed the high price and low wages for child care, a problem that makes it harder for parents to work and one that the Biden administration aims to fix with its budget proposal. Vice President Kamala Harris...

US budget deficit rises to $2.71 trillion through August

Sep. 13, 2021 16:02 PM EDT

WASHINGTON (AP) — The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second largest shortfall in history due to trillions of dollars in COVID relief. In its monthly budget report, the Treasury Department said Monday that the deficit for...

Internet funding rule could favor rural areas over cities

Sep. 12, 2021 11:00 AM EDT

Cities and urban counties across the U.S. are raising concerns that a recent rule from President Joe Biden's administration could preclude them from tapping into $350 billion of coronavirus relief aid to expand high-speed internet connections. Biden has set a goal of...

Editorial Roundup: U.S.

Sep. 01, 2021 12:16 PM EDT

Aug. 30 The Los Angeles Times on the Texas abortion law: A horrendous new Texas law scheduled to go into effect Wednesday would ban abortion when a fetal heartbeat is detected — typically around six weeks of gestation — and turn individuals into...

Biden looking at climate change risks to financial markets

Aug. 31, 2021 11:02 AM EDT

WASHINGTON (AP) — In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate change could harm financial markets — planning to launch on Tuesday a 75-day comment period on how the impacts could reshape the insurance sector. ...

Editorial Roundup: Texas

Aug. 30, 2021 10:07 AM EDT

Houston Chronicle. Aug. 29, 2021. Editorial: Four years later, has Houston learned anything from Hurricane Harvey? As you read this, Hurricane Ida is lumbering ever closer in the Gulf of Mexico. As with Houston’s near-miss with Hurricane Laura last...

Kansas agency faces pressure to speed aid, prevent evictions

Aug. 27, 2021 14:04 PM EDT

TOPEKA, Kan. (AP) — A state agency is pushing to process hundreds of applications for coronavirus relief funds from Kansas renters facing eviction and their landlords after spending weeks this spring hiring and training more than 100 new employees to do the work. The...