Latest U.S. Department of the Treasury News

Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals

Apr. 11, 2024 18:26 PM EDT

WASHINGTON (AP) — U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors. This comes as high-profile deals involving foreign investment in the U.S. — like Chinese firm ByteDance’s...

A Lebanese man sanctioned by the US over alleged Hamas links is found shot dead near Beirut

Apr. 10, 2024 13:02 PM EDT

BEIRUT (AP) — A Lebanese man sanctioned by the U.S. for his alleged links with the Palestinian group Hamas was found dead Wednesday after he went missing for a week, Lebanese state media and judicial officials said. Mohammad Srour, 57, was sanctioned by the U.S. in August 2019 for...

From overcapacity to TikTok, the issues covered during Janet Yellen's trip to China

Apr. 08, 2024 23:02 PM EDT

BEIJING (AP) — U.S. Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here's a look at what she tried to accomplish, what was achieved, and where things stand for the world's two...

Yellen calls for level playing field for US workers and firms during China visit

Apr. 05, 2024 08:21 AM EDT

GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in...

US imposes more Iran sanctions and hits Syrian regime with penalties for drug trafficking

Mar. 26, 2024 12:55 PM EDT

WASHINGTON (AP) — The United States on Tuesday imposed sanctions on a money exchanger and a group of firms across six countries involved in commodity shipments and business transactions that benefit Iran's military and the Houthi militant group in Yemen and the Hezbollah militia in Lebanon. ...

U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion

Mar. 25, 2024 13:06 PM EDT

WASHINGTON (AP) — The U.S. on Monday imposed sanctions on a collection of fintech firms and people, mostly in Russia, accused of enabling sanctions evasion. Treasury’s Office of Foreign Assets Control sanctioned 13 firms — five of which are owned by an already sanctioned...

US sanctions spyware company and executives who targeted American journalists, government officials

Mar. 05, 2024 13:31 PM EST

WASHINGTON (AP) — The Treasury Department announced Tuesday it has sanctioned two people and a Greece-based commercial spyware company headed by a former Israeli military officer that developed, operated and distributed technology used to target U.S. government officials, journalists and policy...

US sanctions Zimbabwe president Emmerson Mnangagwa over human rights abuses

Mar. 04, 2024 12:15 PM EST

WASHINGTON (AP) — The United States on Monday sanctioned Zimbabwe’s President Emmerson Mnangagwa, its first lady and other government officials for their alleged involvement in corruption and human rights abuses. The Treasury Department’s Office of Foreign Assets Control...

US and UK hit Iranian deputy commander and Houthi member with sanctions

Feb. 27, 2024 17:02 PM EST

WASHINGTON (AP) — The U.S. and U.K. sanctioned a deputy commander of Iran's Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday. The U.S. additionally sanctioned firms registered in Hong Kong and the Marshall Islands, along with two ships, including one that transported $100...

US and EU pile new sanctions on Russia for the Ukraine war's 2nd anniversary and Navalny's death

Feb. 23, 2024 21:00 PM EST

WASHINGTON (AP) — The United States and European Union on Friday heaped hundreds of new sanctions on Russia in connection with the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. ...