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September 26, 2021

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Treasury carves path for U.S. humanitarian aid to Afghanistan while upholding sanctions on Taliban

CNBC
CNBC – For more and to sign up click here Men are pictured as Afghanistan’s Taliban-controlled central bank seizes a large amount of money in cash and gold from former top government officials, including former vice president Amrullah Saleh, in Afghanistan, in this handout obtained by Reuters on September 15,......

Treasury says more rental aid is reaching tenants, preventing evictions

USA TODAY – For more and to sign up click here Celine Castronuovo The Treasury Department on Friday announced that the pace of federal rental aid payments amid the coronavirus pandemic picked up last month, with more than $2.3 billion distributed to households to help prevent evictions.  The federal agency......

Treasury Department sanctions 8 members of the notorious Sinaloa drug cartel, which was once run by ‘El Chapo’

CNBC
CNBC – For more and to sign up click here Zoom In IconArrows pointing outwards Sinaloa Cartel U.S. Department of the Treasury WASHINGTON — The Biden administration imposed sanctions Wednesday on eight members of the notorious Mexican Sinaloa cartel, largely recognized as the most powerful drug trafficking organization in the......

Six former Treasury secretaries urge Congress to ‘move swiftly’ on debt ceiling

CNBC
CNBC – For more and to sign up click here Raindrops are illuminated by a camera flash, as the Hurricane Ida passes over the region, at the U.S. Capitol in Washington, September 1, 2021. Tom Brenner | Reuters Six former Treasury secretaries on Wednesday urged Congress to take quick action......

Debt limit looms as Senate Minority Leader Mitch McConnell talks with Treasury Secretary Janet Yellen

CBS News
CBS News – For more and to sign up click here The debt limit was part of a call between Treasury Secretary Janet Yellen and Senate Minority Leader Mitch McConnell on Wednesday, a person familiar with the conversation told CBS News. As the U.S. barrels closer toward running out the......

Treasury sanctions Colombian drug trafficking queen ‘La Patrona’

CNBC
CNBC – For more and to sign up click here Zoom In IconArrows pointing outwards The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Zulma Maria Musso Torres (Musso Torres) as a significant foreign narcotics trafficker pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act)......

America’s ‘unworkable’ child care system is failing families, Treasury Department says

CNBC
CNBC – For more and to sign up click here U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, June 23, 2021. Greg Nash | Pool | Reuters The Treasury......

Treasury sanctions Iranian intelligence network that sought to kidnap US journalist

USA TODAY – For more and to sign up click here Jerry Dunleavy The Treasury Department announced sanctions against Iranian intelligence network operatives who plotted to kidnap an Iranian-born U.S. author-journalist critical of the Tehran regime in New York City for “rendition” to Iran. The plot’s target was Masih Alinejad,......

Social Security trust funds now projected to run out of money sooner than expected due to Covid, Treasury says

CNBC
CNBC – For more and to sign up click here VALERIE MACON | AFP | Getty Images The Social Security trust fund most Americans rely on for their retirement will run out of money in 12 years, one year sooner than previously expected, according to an annual government report published......

States can pay unemployment benefits past Sept. 6 using pandemic funds, Labor and Treasury officials say

CNBC
CNBC – For more and to sign up click here Treasury Secretary Janet Yellen answers questions during a Senate Appropriations Subcommittee hearing on June 23, 2021. Greg Nash-Pool/Getty Images) States can pay benefits to the unemployed past a looming Sept. 6 expiration date using pandemic funds that Congress previously allocated......

IRS, Treasury send $15 billion in child tax credit payments to families

CNBC
CNBC – For more and to sign up click here Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15......

Senators have a deal on the crypto amendment, and Treasury won’t oppose it

CNBC
CNBC – For more and to sign up click here Janet Yellen, U.S. Treasury secretary, arrives at a Eurogroup meeting of European Union (EU) finance ministers in Brussels, Belgium. Bloomberg | Bloomberg | Getty Images The Treasury Department will not oppose a bipartisan agreement that limits a proposal in the infrastructure......

U.S. Treasury suspends government retirement, health fund payments as debt limit resets

Reuters
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, U.S., June 23, 2021. Greg Nash/Pool via REUTERS/Files WASHINGTON, Aug 2 (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday took......

Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

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CNBC – For more and to sign up click here U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill, in Washington, DC, June 23, 2021. Shawn Thew | Pool | Reuters The Treasury Department will begin......

Treasury must turn over Trump’s taxes to Congress, the Justice Dept. says.

New York Times
WASHINGTON — The Treasury Department must turn over six years of former President Donald J. Trump’s tax returns to House investigators, the Justice Department said in a legal opinion issued on Friday that most likely paves the way for their eventual release to Congress and potentially to the public. Hours......

Treasury slaps sanctions on Cuban police force and its leaders over crackdown on protests

CNBC
CNBC – For more and to sign up click here A woman holds a sign reading “America Open Your Eyes” as people wave Cuban and US flags during a Freedom Rally showing support for Cubans demonstrating against their government, at Freedom Tower in Miami, on July 17, 2021. – Cuba’s......

Treasury yields start the week lower with Fed meeting in focus

CNBC
CNBC – For more and to sign up click here U.S. Treasury yields ebbed lower on Monday morning, with investor attention focused on the Federal Reserve two-day monetary policy meeting this week. The yield on the benchmark 10-year Treasury note fell 5 basis points to 1.233% at 3:30 a.m. ET.......

Treasury distributes $1.5 billion in rental assistance in June as eviction moratorium end looms

CBS News
CBS News – For more and to sign up click here With a federal ban on evictions scheduled to expire at the end of the month, the Treasury Department is set to announce Wednesday that it has distributed over $1.5 billion in rental assistance across the country in the last......

Wall Street closes higher, Treasury yields rebound despite COVID variant fears

Reuters
Wall Street closes up in marked reversal from selloff U.S. Treasury yields rebound from five-month lows U.S. dollar inches higher to three-month peak NEW YORK, July 20 (Reuters) – Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing......

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