Latest U.S. Department of the Treasury News
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. ...
Davos 2025: Trade, tariffs, AI and UN chief Guterres dominate World Economic Forum agenda
DAVOS, Switzlerand (AP) — U.N. Secretary-General António Guterres ratcheted up his warning about climate change and said the world’s thirst for fossil fuels is a “Frankenstein monster” that spares no one, while calling for greater attention to risks posed by artificial intelligence if its...
Hungarian minister sanctioned by US 'strengthened' by the penalty, Prime Minister Orbán says
BUDAPEST, Hungary (AP) — Sanctions issued by the United States last week against a powerful Hungarian official with close ties to Prime Minister Viktor Orbán have “strengthened” that official's standing within the populist government, Orbán said Friday. Speaking on state...
New US sanctions target Sudan's warring military leader
WASHINGTON (AP) — The U.S. imposed sanctions on the leader of Sudan's military Thursday, saying he was blocking humanitarian aid and bombing hospitals, schools and markets in a war against an armed rival that has created a widening famine and the world's largest displacement crisis. ...
The Latest: Burgum, Zeldin and more appear for confirmation hearings, Bondi returns for day 2
Senate hearings are scheduled this week for several of Trump’s picks for the Cabinet. While many are rapidly gaining support for their confirmation, the remaining still have to go before the committees overseeing the agencies Trump wants them to run. Here's the latest: ...
Biden administration finalizes clean electricity tax credits, says Trump should keep in place
New tax credits are available for companies that generate clean electricity, the Biden administration announced Tuesday, while arguing it would be a mistake for President-elect Donald Trump to try to undo them. The Treasury Department and the Internal Revenue Service released final...
US eases restrictions on Syria while keeping sanctions in place
WASHINGTON (AP) — The U.S. on Monday eased some restrictions on Syria's transitional government to allow the entry of humanitarian aid after Islamist insurgents ousted Syrian leader Bashar Assad last month. The U.S. Treasury issued a general license, lasting six months, that...
US sanctions Beijing-based cyber group for its alleged role in hacking incidents
WASHINGTON (AP) — The U.S. Treasury on Friday sanctioned a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical U.S. infrastructure. The Treasury’s Office of Foreign Assets Control hit Integrity Technology Group, Inc. with...
US imposes sanctions on Russian and Iranian groups over disinformation targeting American voters
WASHINGTON (AP) — The United States has imposed sanctions on two groups linked to Iranian and Russian efforts to target American voters with disinformation ahead of this year's election. Treasury officials announced the sanctions Tuesday, alleging that the two organizations sought...
US sanctions the founder of Georgia's ruling political party
WASHINGTON (AP) — The Biden administration has imposed sanctions on the founder of Georgia’s ruling political party, which has steered the country away from a pro-Western stance and towards Russia, U.S. officials said Friday. The State and Treasury departments said they hit...
