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Today: January 22, 2025
Today: January 22, 2025
FATIMA HUSSEIN

FATIMA HUSSEIN

Staff Writer

Latest From FATIMA HUSSEIN

Business|Economy|Finance

Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'

The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream

Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'
Americas|Crime|News|US

The US sanctions Mexican Sinaloa cartel members and firms over fentanyl trafficking

The Treasury Department has imposed sanctions on 13 members of Mexico’s powerful Sinaloa cartel and four Mexico-based firms accused of trafficking fentanyl into the United States

The US sanctions Mexican Sinaloa cartel members and firms over fentanyl trafficking
Business|Economy|US

Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpart

Treasury Secretary Janet Yellen says the United States has no desire to break economic ties with China

Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpart
Business|Economy|Finance|News|US

Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi

U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping

Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi
MidEast|News|Political|US

A third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza

The United States says it has imposed a third round of sanctions on a group of Hamas officials, members of the Palestinian Islamic Jihad who work to transfer money from Iran to Gaza, and a Lebanese money exchange service that facilitates the transfers

A third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza
Economy|News|US|World

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans

The U.S. Treasury has levied a new round of sanctions on firms and ships that used U.S. service providers to carry Russian crude oil in violation of the multinational price cap — and imposed another set of sanctions on a group of Balkan people and firms tied to Kremlin influence in the region

US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans
MidEast|News|US|World

US sanctions Iran-backed militia members in Iraq conducting strikes against American forces

The U.S. has imposed sanctions on six people affiliated with the Iranian-backed Iraqi militia Kataeb Hezbollah, which is accused of being behind a spate of recent attacks against U.S. forces in Iraq and Syria following the Oct. 7 attacks by Hamas against Israel

US sanctions Iran-backed militia members in Iraq conducting strikes against American forces
Business|Finance|Technology|US

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering

The U.S. government has dealt a massive blow to Binance, the world’s largest cryptocurrency exchange

Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering
Finance|Technology

IRS delays reporting rules for users of Venmo, Cash App and other payment apps

Users of Venmo, Cash App and other payment apps will get a bit of a tax reprieve this year

IRS delays reporting rules for users of Venmo, Cash App and other payment apps
Business|Finance|Political

Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action

While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry

Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action
News|Opinion|Political|US

Biden visits Boebert's district to reject Republican criticism of green policies

In Colorado, President Joe Biden has said Rep_ Lauren Boebert was wrong to describe his policies as “a massive failure."

Biden visits Boebert's district to reject Republican criticism of green policies
Economy|Finance|News|US|World

US sanctions financial network tied to Iranian oil sales

The U.S. Treasury Department has imposed a new round of sanctions against a group of 20 people and firms who are allegedly involved in a financial facilitation network for the benefit of the Iranian military

US sanctions financial network tied to Iranian oil sales
Crime|Economy|US

Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking

Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force
Europe|News|US|World

U.S. imposes new round of sanctions over Russia's invasion of Ukraine

The U.S. has imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia’s invasion of Ukraine

U.S. imposes new round of sanctions over Russia's invasion of Ukraine
Crime|Economy|News|US|World

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel

In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking
MidEast|News|Political|World

US sanctions money lending network to Yemen's Houthi rebels, looks to boost maritime protections

The White House is encouraging Mideast allies to join the Combined Maritime Forces, a partnership that exists to counter malign action by non-state actors in international waters

US sanctions money lending network to Yemen's Houthi rebels, looks to boost maritime protections
Americas|Business|Economy|US

New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into Mexico

The United States and Mexico have agreed to monitor foreign investments and regularly share information about the screening process

New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into Mexico
Economy|News|US|World

U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversary

The U.S. on Friday imposed sanctions on 20 people, from Afghanistan to China to Haiti to Iran, accused of violating human rights in their respective nations

U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversary
Economy|News|US|World

US announces new sanctions on Russia's weapons suppliers as Zelenskyy visits Washington

The Biden administration is hitting hundreds of people and firms around the globe with new economic and diplomatic sanctions as the U.S. targets third-country contributors that are equipping Russia’s invasion of Ukraine

US announces new sanctions on Russia's weapons suppliers as Zelenskyy visits Washington
MidEast|News|US|World

New sanctions from the US and Britain target Hamas officials who help manage its financial network

The United States has announced new war-related of sanctions against Hamas, targeting eight officials and representatives who help manage the militant group’s financial network

New sanctions from the US and Britain target Hamas officials who help manage its financial network
Economy|News|US

Janet Yellen says the Trump administration's China policies left the US more vulnerable

Treasury Secretary Janet Yellen says former President Donald Trump’s economic policies toward China left America “more vulnerable and more isolated” in the global economy

Janet Yellen says the Trump administration's China policies left the US more vulnerable
Economy|Finance|News|US

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

Congressional Budget Office projects lower inflation and higher unemployment into 2025
News|Economy|Finance|US

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021
Economy|Finance|News|US

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers

The U.S. has imposed new sanctions on alleged violators of its price cap on Russian oil and tightened compliance rules for insurance firms and shippers that move it

U.S. imposes more Russian oil price cap sanctions and issues new compliance rules for shippers
Business|Economy|News|US

Biden believes U.S. Steel sale to Japanese company warrants 'serious scrutiny,' White House says

The White House says President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel

Biden believes U.S. Steel sale to Japanese company warrants 'serious scrutiny,' White House says

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