Treasury Department - Page 2

U.S. Poised to Force Russian Debt Default

The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

Inflation Banks - GLASGOW, SCOTLAND - NOVEMBER 03: US Treasury Secretary Janet Yellen take

Report: Treasury Hacked by Group Backed by Foreign Government

A report published on Sunday revealed that data stored by the United States Treasury was compromised by a sophisticated hacking group backed by a foreign government. The hackers also infiltrated the Commerce Department’s National Telecommunications and Information Administration. The National Security Council launched an investigation into the incident after a meeting on Saturday at the White House.

Hackers-Hacking-Reuters

Chinese State Media Hail TikTok-Oracle Partnership Proposal

Chinese state media praised the proposed deal between TikTok creators ByteDance and Oracle Corporation on Tuesday, with the Communist Party’s Global Times saluting it as recognition for “the hard-won efforts of the Chinese company amid a lack of trust between the world’s two largest economies.”

President Donald Trump gave TikTok six weeks to sell its US operations