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The Latest Breaking News from the US Treasury

Yellen To Address G20 Finance Leaders On US Policy Commitments After Biden's Withdrawal From Presidential Race

U.S. Treasury Secretary Janet Yellen's presence at the G20 summit in Brazil aims to address subjects on green energy incentives, efforts to tackle debt distress, support for Ukraine and the capacity of China's manufacturing sector.

International Business Times

Tax revenue jumps 22% in April, but U.S. deficit still looms large

The U.S. Treasury ran a surplus last month, thanks in part to the April 15th tax deadline. But the federal government is still expected to end the year more than $1.5 trillion in the red.

WEKU

Senator Warren Criticizes US Treasury For Addressing Racial Discrimination Slowly

Senator Warren emphasizes the urgency of combating racial discrimination in the financial sector for a more inclusive and equitable system.

Top News

Iraq No-frills Carrier Says No Grounds For US Sanctions

Iraqi no-frills carrier Fly Baghdad has condemned Washington's imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran's Revolutionary Guards.

International Business Times

20 Years to Disaster

"The United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt."

Reason

The largest freight bankruptcy in history punched a $5 billion hole in the economy, cost 30,000 jobs, and left the taxpayer holding the bag for a COVID bailout

Would you take a deal to revive Yellow and bring back some of its lost jobs? Or would you scrap it and sell it for parts?

Fortune

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

Chamath Palihapitiya calls out fiscal policies and suggests selling long-dated maturities to match America's future

Zenger

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Fortune

Billionaire investor Stanley Druckenmiller accuses Janet Yellen of making the ‘biggest blunder in Treasury history’

The hedge funder argued that the Treasury Secretary “has no right” to still be in her job.

Kiplinger

The Benefits of I Bonds vs EE Bonds to Store Your Savings

All of the information you'll need to choose between Series I and EE savings bonds is right here.

Al Jazeera

US imposes sanctions on leaders in Sudan’s RSF over ‘extensive’ abuses

Washington accuses paramilitary group’s deputy commander and top general in West Darfur of human rights violations.

The Independent UK

US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations

The United States, United Kingdom, and Canada have slapped sanctions on Lebanon’s embattled ex-central bank governor and a handful of close relatives and associates over allegations of corruption

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The Guardian - AU

Biden’s China investment ban: who’s targeted and what does it mean for the 2024 US election?

New measures from the US Treasury will target several key sectors including semiconductors, quantum computing and artificial intelligence

Zenger

Mixed Jobs Report Signals Uncertainty In US Economy

Unemployment rate drops, but job additions fall short of expectations, impacting Fed's interest rate decisions.

Al Jazeera

US Treasury sanctions Bosnian Serb leaders for ‘inflammatory legislation’

The law would allow Republika Srpska, part of Bosnia and Herzegovina, to ignore the country’s Constitutional Court.

The Independent UK

4 separatist Bosnian Serb leaders are sanctioned by US Treasury for undermining a 1995 peace deal

The U.S. has imposed sanctions on four ranking Bosnian Serb officials for undermining a 1995 peace agreement that ended a war that left more than 100,000 dead and millions homeless

The Guardian - UK

‘It is like a virus that spreads’: business as usual for Wagner group’s extensive Africa network

Despite Yevgeny Prigozhin’s rebellion against the Kremlin, his military contracts are proving too profitable to lose

France 24

Main suspect in Khashoggi killing reappears in public as MBS visits Paris

One of the main suspects in the 2018 assassination of journalist Jamal Khashoggi has emerged from the shadows as Saudi Crown Prince Mohammed bin Salman (MBS) visits Paris in an effort to rebrand his image in the West. Several videos circulating on social media have shown Saoud al-Qahtani, MBS's former…

Al Jazeera

US House of Representatives votes ‘yes’ on debt-ceiling deal

Speaker Kevin McCarthy faced opposition in his own party to a deal hammered out with the White House to avoid default.

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