U.S. Department of the Treasury - Page 8

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.

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.

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.

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.

The Office of Inspector General has confirmed that the Trump administration did not delay the release of the Harriet Tubman $20 bill, as was falsely speculated by the New York Times in June 2019.

Sen. Joni Ernst (R-IA) wrote a letter to Treasury Secretary Steven Mnuchin on Tuesday, asking the secretary to expose how much China exploits American tax law to avoid paying taxes on American treasuries.

In the District of Columbia, police scrambled to control a large crowd protesting Floyd’s death.

Treasury’s spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses.

The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.

White House chief deputy press secretary Hogan Gidley on Tuesday said that President Donald Trump is planning to hold China accountable for the Wuhan coronavirus plaguing the planet, saying the administration views China as “culpable” and is “not going to forget” what the Communist authorities in Beijing did to the world.

Treasury Department spokeswoman Monica Crowley told Breitbart News on Saturday that she believes President Donald Trump is perfectly positioned to oversee the reopening of the United States economy.

Treasury spokeswoman Monica Crowley said that the Paycheck Protection Program was on track to hit the administration’s target to cover half the U.S. workforce.

“Harvard’s going to pay back the money,” Trump said bluntly during the White House press briefing.

The IRS said on Wednesday that delivery of stimulus checks is not being delayed by President Donald Trump’s name being put on them.

Trump acknowledged Wednesday at the White House that his name would be on economic coronavirus rescue checks. “I’m sure people will be happy to get a big fat beautiful check and my name is on it,” he said.

The Washington Post published a story on Tuesday evening claiming the stimulus checks going out to the vast majority of Americans as a result of the coronavirus crisis are being held up due to the fact President Donald Trump’s name is being affixed to them.

The news conflicts with President Trump’s assertion on April 3 that contrary to reports he did not want his name on the checks.

The Treasury Department and Internal Revenue Service announced Friday that it would release an online tool for people to track their stimulus checks.

Alongside its allies, America should seize China’s holdings of U.S. Treasury and other state treasuries’ obligations, said Gordon Chang.

America can seize China’s holdings of obligations as compensation for negligence related to the coronavirus pandemic, said Gordon Chang.

Hundreds of community banks across America are bypassing big banks on Wall Street to fuel the economic rescue of the nation’s economy, steering more than $4 billion in loans to small businesses across the country.

President Donald Trump’s Paycheck Protection Program (PPP) through the Department of Treasury and Small Business Administration has already on its first day pushed out more than $620 million to small businesses nationwide mostly through community banks.

The coronavirus relief bill signed into law on Friday includes payments to help most people, except for people who owe child support.

The Trump administration’s plan for ‘stage 3’ of economic rescue measures includes two rounds of payments to Americans, each in an aggregate amount of $250 billion.

“We absolutely believe in keeping the markets open,” he said. “Americans need to know that they have access to their money.”

Tech giants including Apple, Google, Microsoft, and Facebook are lobbying the FCC to allocate 1,200 MHz of spectrum on the 6 GHz band to Wi-Fi, meaning that they will be able to use it for free, without a license. An auction for spectrum usage could generate billions for the government.

The U.S. Treasury Department this week handed over highly sensitive and closely held documents to Republican leaders in the Senate as part of a months-long probe into Joe Biden’s son Hunter and the allegedly corrupt Ukrainian company Burisma where he worked.