#treasury-department

#treasury-department

House Majority Whip Tom Emmer said Sunday that President Joe Biden doesn't have to negotiate over the debt ceiling, saying that Republicans in the House, led by Kevin McCarthy, have passed the solution.House Republicans last week narrowly passed their bill to raise the nation's $31.4 trillion debt limit by an additional $1.5 trillion.

The West's margin to impose measures aimed at corralling the Russian economy and prevent it from further fueling the war in Ukraine is getting smaller and smaller.The pace of decision-making has slowed, and Kyiv's Western allies are now divided on what steps to take next.The sanctions on Moscow are working and impacting the Russian economy, albeit more slowly than expected.

In today's harsh economic climate for digital publishers, BuzzFeed hopes its investments in trendy tech like generative AI and short-form vertical video will eventually pay dividends.In its Q4 2022 earnings call on Monday, BuzzFeed reported $135 million in revenue for the quarter, down 8% YoY.Ad revenue was $51 million, a 27% drop from Q4 last year, and revenue from sponsored content was $55 million, down 9% YoY.

The Silicon Valley Bank sign hangs above one of its branches in San Jose, CA, on March 13, 2023.Benjamin Fanjoy, AP Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.The swift closure of Silicon Valley Bank on Friday, followed by Signature Bank days later, forced US authorities to immediately pledge support for other lenders and depositors.

Contractual clauses barring workers from competing with their former employers have existed for centuries, with the first known legal challenge to one going back to 1414 London.The provisions have become increasingly common in the US, with an estimated 20% of workers - roughly 30 million Americans - subject to them today.

Contractual clauses barring workers from competing with their former employers have existed for centuries, with the first known legal challenge to one going back to 1414 London.The provisions have become increasingly common in the US, with an estimated 20% of workers - roughly 30 million Americans - subject to them today.

In 2021, there were at least 672 former government officials working for top defense contractors like Lockheed Martin.Sen. Elizabeth Warren is pictured during a Senate Finance Committee hearing in Dirksen Building on April 19, 2023.Tom Williams / CQ-Roll Call, Inc via Getty Images Hundreds of former government officials, including former Pentagon officials, have been funneled through the infamous public-to-private revolving door to take their insider government knowledge to lobby for top defense contractors, a new report from the office of Sen. Elizabeth Warren (D-Massachusetts) reveals.

Wall Street leaders and U.S. officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, people with knowledge of the situation said.The shares dropped Wednesday morning.The group has floated a variety of measures to make the company more attractive to potential investors or a buyer, part of an effort to ensure there isn't another US bank failure, the people said, asking not to be named describing confidential talks.

In the wake of failures at Silicon Valley Bank and Signature Bank and separate issues at Credit Suisse and First Republic, many Americans are asking the question: Is my money safe?Lloyd Blankfein, the former CEO of Goldman Sachs said the answer is not black and white on Fareed Zakaria GPS Sunday.The answer is kind of a yes with an ellipsis, Blankfein said.

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now.Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days.Srinivasan also advised investors to buy bitcoin, which he believes to be a hedge against hyperinflation, monetary debasement, bank freezes, and wealth seizure.

US government alleges the Boeing-made plane violated sanctions and commerce law by travelling to and from Russia.The United States government has requested and obtained a warrant to seize a Russian aircraft valued at $25m, according to a statement released on Wednesday.The US-made plane, a Boeing 737-7JU, is accused of travelling from a foreign country to Russia, in violation of US law and sanctions implemented after Moscow's 2022 invasion of Ukraine.

The US and UK governments on Thursday sanctioned six Russians and one Ukrainian for their alleged involvement in an infamous Russia-based cybercrime network that infected millions of computers worldwide, including those in American hospitals.The sanctions target seven alleged core members of a cybercrime gang known as Trickbot, whose eponymous hacking tool has for years stalked US critical infrastructure, the US Treasury Department said in a statement.

One researcher called the SVB bailout "a good illustration of the enormous class bias in American policymaking."Federal Deposit Insurance Corporation Chairman Martin Gruenberg during a hearing before the Senate Banking, Housing and Urban Affairs Committee on September 9, 2014, on Capitol Hill in Washington, D.C.Alex Wong / Getty Images In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that's likely to intensify criticism of federal regulators' intervention in the firm's recent collapse.

The Silicon Valley Bank UK acquisition will enable HSBC to expand its presence in the tech industry and further develop its fintech capabilities.Following the sudden collapse of the Silicon Valley Bank in the U.S., HSBC Holdings has sealed the purchase of the U.K. arm of SVB for £1 ($1.21 USD).

First Republic Bank has received $30 billion US in deposits from several big banks, the banks said in a statement on Thursday, as part of a rescue package for the lender.JPMorgan Chase & Co, Citigroup, Bank of America Corp, Wells Fargo & Co, Goldman Sachs Group, Morgan Stanley and others are involved in the rescue, according to the statement.

Fear is gripping Wall Street about what will be next to topple following the second- and third-largest bank failures in US history.tocks fell early on Monday and US Treasury yields are also falling sharply as investors scramble to find somewhere safe to park their money.The S&P 500 was 1.1% lower, with the heaviest losses coming from banks.

Like many Americans, the federal government is shelling out a lot more money to cover interest payments on its debt after a series of Federal Reserve rate hikes over the past year.The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier.

The US government is tracking a growing number of foreign-linked business transactions that pose potential data risks to national security similar to those raised by TikTok, Treasury Secretary Janet Yellen told lawmakers Thursday.At a House Appropriations Committee hearing, Yellen said regulators charged with screening foreign investment deals for national security risks have witnessed a rise in such cases, but she declined to discuss specifics.

Comments come after reports the US government threatened to ban the popular app unless its owners, Beijing-based ByteDance Ltd, divested.China has accused the United States of spreading disinformation and suppressing TikTok following reports Washington is calling on its Chinese owners to sell their stakes in the popular video-sharing app.

President Biden plans to offer a wish list of Democratic policy proposals during his State of the Union address on Tuesday night, but the most pressing item on his agenda this year will require the cooperation of Republicans: raising the debt limit.Seated behind Mr. Biden as he delivers his speech will be Speaker Kevin McCarthy, the president's primary counterpart in the negotiations over the debt limit.

Treasury Secretary Janet Yellen speaks at a school in Kyiv, Ukraine, on Monday.Claire Harbage/NPR KYIV, Ukraine U.S. Treasury Secretary Janet Yellen made a surprise visit to Ukraine Monday, in which she reaffirmed America's support for the country and announced $1.25 billion in economic aid for things like schools and hospitals.

A viral video of Ukrainian President Volodymyr Zelensky takes his remarks out of context to wrongly make it sound like he demanded that Americans send their sons and daughters to fight in the war in Ukraine.The out-of-context 19-second video has been viewed millions of times on Twitter.It features a clip of Zelensky speaking at a news conference last week as an interpreter translates his words into English as follows: The US will have to send their sons and daughters, exactly the same way as we are sending, their sons and daughters to war.

Manchin's move also comes as he faces the prospect of a tough reelection race next year in his Republican-leaning state.He has not said whether he'll run for another term.Manchin's opposition is unlikely endanger Werfel's nomination, which appears assured.Werfel won bipartisan support on the chamber's Finance Committee, with three Republicans there backing him.

House Oversight Chairman James Comer said in a statement Tuesday the US Treasury Department will allow him to review certain bank activity reports related to members of the Biden family and their business partners.After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates' business transactions, Comer said in the statement.

House Oversight Chairman James Comer announced that his panel will hold a hearing next Friday to spotlight the Treasury Department's failure to provide bank activity reports for President Joe Biden's son Hunter, presidential brother James Biden and several Biden family associates and their related companies.

On the one-year anniversary of Russia's war against Ukraine, the US Department of the Treasury announced a new set of sanctions against tens of entities that are allegedly helping the Kremlin, including its cyber operations.The war was never fought on the field alone, but in cyberspace as well, with Russia engaging in misinformation campaigns, launching distributed denial-of-service (DDoS) attacks, and deploying disruptive malware against Ukrainian targets, including critical infrastructure.

The US Treasury Department on Wednesday imposed sanctions on three companies and two individuals for illicitly generating income for the North Korean government.The sanctions come after months of internationally condemned missile launches by Pyongyang the most recent of which took place last month.

WASHINGTON Republican lawmakers continued their decades-long critique of the Internal Revenue Service in a Senate hearing on Wednesday, occasionally leveling inaccurate charges as they questioned President Biden's nominee to lead the agency.Here's a fact check of some claims.What Was Said The Joint Committee on Taxation says that 78 to 90 percent of that tax gap really is with taxpayers under $200,000, you know, lost reported revenue.

Paul Manafort has agreed to pay $3.15 million he owes to the US government over misrepresentations he made on his tax returns almost a decade ago, bringing to a close the former Trump campaign chairman's financial tangles in court.Manafort hadn't disclosed to the Treasury Department nearly two dozen bank accounts in Cyprus, St. Vincent and the Grenadines and the UK that he used for political consulting business he did in Ukraine in 2013 and 2014, according to court filings.