Latest U.S. Department of the Treasury News
United States and China launch economic and financial working groups with aim of easing tensions
WASHINGTON (AP) — The U.S. Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working...
US issues more sanctions over Iran drone program after nation's president denies supplying Russia
WASHINGTON (AP) — The U.S. on Tuesday imposed sanctions on seven people and four companies in China, Russia and Turkey who officials allege are connected with the development of Iran's drone program. The U.S. accuses Iran of supplying Russia with drones used to bomb Ukrainian...
Offshore wind projects need federal help to get built, six governors tell Biden
ATLANTIC CITY, N.J. (AP) — Offshore wind projects need more federal funding and planning assistance to ensure they get built, the Democratic governors of six northeastern states told the Biden administration, warning that a cornerstone of the climate change fight could be in jeopardy. ...
Biden announces more Iran sanctions on the anniversary of Mahsa Amini's death
WASHINGTON (AP) — President Joe Biden announced new U.S. sanctions Friday on “some of Iran's most egregious human rights abusers” as he marked the anniversary of the death of 22-year-old Mahsa Amini, who died while being held by the country's morality police. Amini had been...
New US sanctions target workarounds that let Russia get Western tech for war
The United States said Thursday that it was sanctioning more than 150 businesses and people from Russia to Turkey, the United Arab Emirates and Georgia to try to crack down on evasion and deny the Kremlin access to technology, money and financial channels that fuel President Vladimir Putin’s war...
Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US
WASHINGTON (AP) — The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States. “National security is a foremost priority, and we deploy a wide range of tools to safeguard it,” Treasury Secretary Janet...
US sanctions Lebanon-South America network accused of financing Hezbollah
BEIRUT (AP) — The U.S. Treasury on Tuesday slapped terrorism sanctions on a family network of seven individuals and businesses in Lebanon and South America accused of financing the militant group Hezbollah, including a Lebanese man who officials say was involved in two deadly attacks in Argentina...
Greek shipper pleads guilty to smuggling Iranian crude oil and will pay $2.4 million fine
DUBAI, United Arab Emirates (AP) — A Greek shipping company has pleaded guilty to smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, newly unsealed U.S. court documents seen Thursday by The Associated Press show. The now-public case against Empire...
War sanctions against Russia highlight growing divisions among the Group of 20 countries
WASHINGTON (AP) — Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries. With world leaders and finance ministers meeting...
Today in History: September 2, Japan surrenders to end World War II
Today in History Today is Saturday, Sept. 2, the 245th day of 2023. There are 120 days left in the year. Today’s Highlight in History: On Sept. 2, 1945, Japan formally surrendered in ceremonies aboard the USS Missouri in Tokyo Bay, ending World War...
