Latest U.S. Department of the Treasury News

1st Native American treasurer to push economic development

Jun. 29, 2022 20:30 PM EDT

WASHINGTON (AP) — Mohegan Chief Marilynn “Lynn” Malerba, the nation's first Native American U.S. treasurer, comes from a line of chiefs who instilled in her the need to keep her tribe healthy and to survive. “It's our job to leave footprints on the path for those who come...

Taliban and US officials to meet amid quake relief efforts

Jun. 29, 2022 12:28 PM EDT

ISLAMABAD (AP) — Afghan finance and central bank officials from the Taliban-led government departed for Qatar on Wednesday to meet with U.S. officials, the Taliban said. The meeting follows last week’s deadly earthquake, which brought into focus how relief and emergency aid efforts have...

Argentina, Paraguay probe grounded 747 for terrorism ties

Jun. 23, 2022 19:37 PM EDT

BUENOS AIRES, Argentina (AP) — Authorities in Argentina and Paraguay are trying to shine light on the jumbo-jet sized mystery surrounding a cargo plane with Iranian and Venezuelan crew that has been grounded outside Buenos Aires more than two weeks. Prosecutors in the two South...

Senate panel backs Michael Barr, Biden pick as Fed regulator

Jun. 08, 2022 16:29 PM EDT

WASHINGTON (AP) — The nomination of Michael Barr, President Joe Biden's choice to be the top regulator on the Federal Reserve's Board of Governors, was approved Wednesday by a congressional committee and sent to the full Senate. Barr, who served as a top Treasury Department...

Four states receive first allocations of $10B broadband fund

Jun. 07, 2022 08:16 AM EDT

CHARLESTON, W.Va. (AP) — More than half a billion dollars in federal funding will be sent to four U.S. states to expand broadband access as part of a sweeping national effort to bring affordable service to rural and low-income Americans, the U.S. Treasury Department announced Tuesday. ...

US sanctions 2 Bosnian officials for undermining peace

Jun. 06, 2022 12:43 PM EDT

SARAJEVO, Bosnia-Herzegovina (AP) — The United States sanctioned two prominent Bosnian officials Monday, accusing them of threatening the peace, stability and prosperity in their country which has never fully recovered from its brutal inter-ethnic war in the 1990s. The U.S....

Mexican town suspends police chief accused of drug ties

Jun. 03, 2022 14:44 PM EDT

MEXICO CITY (AP) — A town in Mexico fired a police chief who the U.S. government publicly accused of aiding a drug cartel. The mayor of the small town of Ameca, Jalisco, said late Thursday he had removed local police coordinator Severo Flores Mendoza. Mayor Juan...

Putin-linked elites, yachts, firms targeted for sanctions

Jun. 02, 2022 17:33 PM EDT

WASHINGTON (AP) — The U.S. announced new sanctions Thursday on Russian oligarchs and elites, including some of the richest men in Europe and their families, as well as penalties targeting more Kremlin officials, businessmen linked to President Vladimir Putin and their yachts, aircraft and firms...

US sanctions Mexican police official for aiding drug cartel

Jun. 02, 2022 17:21 PM EDT

MEXICO CITY (AP) — The U.S. government announced sanctions Thursday against six people in Mexico, including a police official, for aiding the Jalisco drug cartel. The U.S. Department of the Treasury’s Office of Foreign Assets Control, or OFAC, says the police official gave...

Local governments turn away $73M of federal pandemic aid

Jun. 02, 2022 13:18 PM EDT

JEFFERSON CITY, Mo. (AP) — From small towns to big cities, every government across the U.S. was offered a slice of $350 billion in federal coronavirus relief funds to help shore up their finances, cover pandemic-related costs and invest in community projects. Officials in 1,468...