Latest U.S. Department of the Treasury News

Pro-China supporters displays a picture of U.S. President Donald Trump during a protest against the U.S. sanctions outside the U.S. Consulate in Hong Kong Saturday, Aug. 8, 2020. The U.S. on Friday imposed sanctions on Hong Kong officials, including the pro-China leader of the government, accusing them of cooperating with Beijing's effort to undermine autonomy and crack down on freedom in the former British colony. (AP Photo/Vincent Yu)

Hong Kong, Chinese officials jeer at US sanctions

Aug. 8, 2020 9:00 AM EDT

HONG KONG (AP) — Hong Kong's leader and China's top representative in the city took pot shots at the United States on Saturday after the Trump administration sanctioned them and nine other officials for allegedly cracking down on freedom and undermining the local autonomy of the former British colony....

FILE - This  July 22, 2019, file photo, shows Capital One mailing in North Andover, Mass. The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders.  (AP Photo/Elise Amendola, File)

Capital One fined $80 million in data breach

Aug. 7, 2020 12:35 PM EDT

WASHINGTON (AP) — The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders. The Comptroller of the Currency said in a consent order Thursday that...

Treasury Secretary Steven Mnuchin, left, leaves a meeting with Senate Majority Leader Mitch McConnell of Ky. as negotiations continue on a coronavirus relief package on Capitol Hill in Washington, Tuesday, Aug. 4, 2020. (AP Photo/Andrew Harnik)

Treasury ramps up auctions as borrowing, virus surges

Aug. 5, 2020 9:33 AM EDT

WASHINGTON (AP) — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country. Treasury officials said Wednesday that the billions...

This photo provided by the official Facebook page of the Syrian Presidency, shows Syrian President Bashar Assad, right, and Russia's special presidential envoy to Syria Alexander Lavrentiev, left, both wearing masks to help prevent the spread of the coronavirus, in Damascus, Syria, Wednesday, July 29, 2020. (Syrian Presidency Facebook page via AP)

US slaps sanctions on Syrian president's eldest son

Jul. 29, 2020 12:42 PM EDT

BEIRUT (AP) — The U.S. State Department on Wednesday imposed sanctions on President Bashar Assad's eldest son, Hafez, keeping up pressure on the Syrian leader and his inner circle. Separately, the U.S. Treasury Department announced it had imposed sanctions on prominent Syrian businessman Wassim al-Qattan...

FILE - In this Feb. 2, 2010, file photo, a Yellow Freight/Roadway Express truck travels east on I-70, near Lecompton, Kan. Congressional watchdogs are questioning the government’s decision to award a $700 million coronavirus relief loan to a struggling trucking company on grounds its operations are critical for maintaining national security. YRC Worldwide provides transportation and logistics services, such as delivering food, electronics and other supplies to military locations around the country. (AP Photo/Orlin Wagner, File)

Watchdogs eye $700M relief loan to struggling trucking firm

Jul. 20, 2020 8:40 PM EDT

WASHINGTON (AP) — Congressional watchdogs are questioning the government’s decision to award a $700 million coronavirus relief loan to a struggling trucking company on grounds its operations are critical for maintaining national security. YRC Worldwide provides transportation and logistics services,...

FILE - In this Thursday, Dec. 1, 2016 file photo, Gambia's President Yahya Jammeh shows his inked finger before voting in Banjul, Gambia.  Jammeh used bribe proceeds and stolen government funds to buy a mansion in a suburb of Washington, D.C., U.S. authorities allege in a lawsuit seeking to seize the property. The west African nation’s longtime dictator conspired to launder roughly $3.5 million in “corruption proceeds” through the purchase of a lavish home in Potomac, Md., the Justice Department said in a civil forfeiture complaint it filed Wednesday, July 15, 2020. (AP Photo/Jerome Delay, File)

US authorities move to seize ex-Gambia dictator's mansion

Jul. 16, 2020 11:32 AM EDT

SILVER SPRING, Md. (AP) — Former Gambian President Yahya Jammeh used bribery proceeds and stolen government funds to buy a mansion in a suburb of Washington, D.C., U.S. authorities allege in a lawsuit seeking to seize the property. The west African nation’s longtime dictator conspired to launder...

FILE - In this Wednesday, June 10, 2020 file photo, French Finance Minister Bruno Le Maire attends a press conference after the weekly cabinet meeting. France’s finance minister has called the withdrawal of the Trump administration from negotiations on a major digital services tax a “provocation.” Bruno Le Maire made the comment Thursday, June 18, 2020 on France Inter, saying France will still implement the tax. Le Maire was referring to a letter in which U.S. Treasury Secretary Steven Mnuchin told the finance ministers of France, Spain, Italy and the United Kingdom that he was suspending talks on the tax. The letter was first reported by the Financial Times.  (Ludovic Marin, Pool via AP, File)

European countries slam US withdrawal from tech tax talks

Jun. 18, 2020 12:32 PM EDT

PARIS (AP) — European countries are slamming the Trump administration's withdrawal from negotiations over a major tax on big tech companies. French Finance Minister Bruno Le Maire, speaking on France Inter, called it a “provocation” and said France will still implement the tax regardless of...

FILE - In this Jan. 15, 2020 file photo, Mauricio Claver-Carone, deputy assistant to President Donald Trump and senior director for Western Hemisphere affairs, right, arrives to meet with Bolivia's Foreign Minister Karen Longaric in La Paz, Bolivia. The Trump administration said Tuesday, June 16, 2020, that it plans to nominate Claver-Carone to lead the Inter-American Development Bank. (AP Photo/Juan Karita, File)

Testing tradition, Trump taps US official to lead Latin bank

Jun. 16, 2020 10:04 PM EDT

MIAMI (AP) — The Trump administration said Tuesday it plans to nominate the top White House official for Latin America to lead the Inter-American Development Bank, aiming to break a six-decade tradition of choosing the bank's leadership from candidates in that region. The Treasury Department said Mauricio...

Judge: U.S. must release $679M in tribal virus relief funds

Jun. 16, 2020 12:41 AM EDT

FLAGSTAFF, Ariz. (AP) — The U.S. Treasury Department must release $679 million in coronavirus relief funding for tribes that it intended to withhold while a court challenge over the agency's initial round of payments to tribal governments played out in court, a federal judge ruled late Monday. U.S....

US judge says he'll rule quickly on funding for tribes

Jun. 12, 2020 8:58 PM EDT

FLAGSTAFF, Ariz. (AP) — A federal judge in the nation's capital said Friday he will work quickly to deliver a ruling in a case centered on who is eligible for coronavirus relief funding set aside for tribes. U.S. District Judge Amit Mehta heard more than three hours of arguments in the case he...