Trump backer John Paulson bows out as possible Treasury Secretary pick
John Paulson visits “Mornings With Maria” at Fox Business Network Studios on October 23, 2024 in New York City. John…
White House to nominate Goldsmith Romero soon, aiming for July hearing, says Reuters source
The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week…
U.S. widens sanctions on Russia to discourage countries such as China from doing business with Moscow
The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit…
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of…
U.S. issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow’s circumvention of Western…
Sen. Bob Menendez grills Treasury official on curbing illicit finance a month before bribery trial
Sen. Bob Menendez questioned a Treasury Department official Tuesday on curbing illegal finance as he prepares to stand trial in…
Former U.S. official’s work for Chinese client stirs concern over disclosure loopholes
When a Chinese drone company came under U.S. government scrutiny over its alleged ties to China’s military, the company turned to one of America’s…
U.S. lawmakers push for ByteDance to divest TikTok or face ban
A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China’s ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national…
Treasury proposes rule to extend anti-money laundering regs to investment advisers
The Treasury Department’s corruption watchdog on Tuesday issued new proposed regulations that would extend major pieces of the anti-money laundering…
U.S. Treasury team heads to China to talk subsidies, economic policies
The Biden administration has sent five senior U.S. Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity,…
