U.S. Department of the Treasury - Page 6

Sen. Jon Tester (D-MT) said Thursday he has “significant concerns” with Saule Omarova, President Joe Biden’s Comptroller of the Currency nominee.

Forty-one state banking associations wrote a letter Wednesday to members of the Senate Banking Committee, noting that Saule Omarova’s confirmation could “jeopardize” economic growth.

Senate Banking Committee Republicans plan to highlight how Saule Omarova, President Joe Biden’s Comptroller nominee, has written academic papers to nationalize banks.

Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), called during a March 2021 virtual conference to eliminate all private bank accounts and deposits.

Democrat plans to surveil bank accounts with the IRS resemble China’s “social credit score” system, Rep. Drew Ferguson (R-GA) said.

President Joe Biden’s Treasury Department announced it has created a new post to combat alleged racial inequality issues in banking and other financial services industries.

Yellen proposed taxing billionaires’ unrealized capital gains to fund President Joe Biden’s $2 trillion spending bill.

Former Trump era Treasury Department appointee Adam Korzeniewski said Wednesday that House Speaker Nancy Pelosi (D-CA) considering handing over power to the Biden-Harris administration to raise the debt ceiling speaks to her failed leadership.

Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.

The plan is for the IRS to sift through nearly all American bank accounts searching for undeclared income.

JPMorgan Chase & Co. allegedly terminated Lori Flynn’s credit cards due to the bank’s concerns of “reputational risk.”

Rubio and Portman wrote to Yellen urging her to do everything in her power to keep billions in funding from falling into the hands of the Taliban.

The U.S. Treasury Department reportedly gave humanitarian organizations its approval to provide aid for Afghanistan this week, despite sanctions against the Taliban that would make many of the needed financial transactions technically illegal.

The International Monetary Fund (IMF) said Wednesday that it will block Afghanistan from accessing $460 million in emergency monetary reserves that were scheduled to be disbursed next week.

Hong Kong-registered China Concord Petroleum Company (CCPC) has become “a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude,” according to a Reuters report on Thursday.

The Biden administration on Friday lifted sanctions against three former Iranian officials and two companies that did business in Iran with its oil companies.

Sen. Marco Rubio (R-FL) expressed concern Thursday that a Biden administration executive order that changed Trump-era rules on U.S. investment in Chinese companies would give too much authority to a Treasury Department “too closely aligned with Wall Street.”

Nearly 88 percent of children will be covered benefits their parents will automatically receive

The White House on Monday reminded Americans that families would start receiving direct cash payments in their bank accounts starting in July, as President Joe Biden continues to implement his coronavirus rescue package.

The Fed chair sounded a bit more upbeat about the progress of the economic recovery on Tuesday.

Treasury Secretary Janet Yellen plans to create a senior post at the Treasury Department that will be charged with monitoring alleged risks to the financial system from climate change.

Her enormous speaking fees from Citadel raise questions about conflicts of interest.

The U.S. Treasury Department’s latest update on its efforts to combat terrorist financing included a warning that al-Qaeda is “gaining strength in Afghanistan while continuing to operate with the Taliban under the Taliban’s protection,” Afghan media reported Tuesday.

The United States Senate voted Monday to confirm Janet Yellen as the nation’s next Secretary of the Treasury, making her the first woman to hold the position in American history after she was chosen by President Joe Biden last November.

President-elect Joe Biden’s nominee to head the Treasury Department, Janet Yellen, raked in millions from Wall Street firms and multinational corporations for “speaking fees” over just the past two years, financial disclosure reports reveal.

The Texas-based IT company SolarWinds recently announced that it has suffered a “highly-sophisticated, targeted and manual supply chain attack by a nation state,” which may have left multiple U.S. government agencies vulnerable. The federal government is investigating a major hack of government agencies including the Treasury Department.

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.

Yellen described the American dream as “a society where each person can rise to their potential and dream even bigger for their children.”

Joe Biden has purportedly settled on former Federal Reserve chairwoman Janet Yellen as his secretary of the treasury, according to the Wall Street Journal. 

Joe Biden claims that he “beat the socialist” in the Democratic primary, but the socialist could be joining him in his Cabinet if he wins on Tuesday.

The United States blacklisted Iraj Masjedi, Iran’s ambassador to Iraq, and two senior officials of the Iran-backed terrorist organization Hezbollah on Thursday.

The U.S. Treasury Department announced sanctions against 18 major Iranian banks on Thursday, one of them directly affiliated with the Iranian military.

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.”

Sen. Kelly Loeffler led GOP senators in calling upon the DOJ, FBI, and the U.S. Treasury to investigate Planned Parenthood.

The U.S. imposed sanctions on Hong Kong Chief Executive Carrie Lam and ten other top officials from Hong Kong and mainland China for “undermining Hong Kong’s autonomy,” the U.S. Treasury announced on Friday.

President Donald Trump tweeted Friday that he had told the U.S. Treasury to review the tax-exempt status of schools and universities that had become vehicles for left-wing indoctrination.