The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 22, 2025
Today: January 22, 2025
FATIMA HUSSEIN

FATIMA HUSSEIN

Staff Writer

Latest From FATIMA HUSSEIN

Economy|Europe|News|World

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets
Entertainment|Fashion and Beauty|News|World

White House fetes Kenya with state dinner featuring sunset views, celebrity star power

Thursday’s White House state dinner honoring Kenyan President William Ruto offered hundreds of guests some stunning D

White House fetes Kenya with state dinner featuring sunset views, celebrity star power
Americas|Business|Economy|Finance|News|US|World

US opens up banking to private Cuban businesses as it aims to boost private sector

The U.S. is lifting some financial restrictions on Cuba in a move designed to boost private businesses on the island

US opens up banking to private Cuban businesses as it aims to boost private sector
Economy|Europe|Finance|News|US

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

A senior U.S. Treasury official has meet with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
Business|Economy|News|US

IRS makes free tax return program permanent and is asking all states to join in 2025

The IRS will make permanent the free electronic tax return filing system that it experimented with this year

IRS makes free tax return program permanent and is asking all states to join in 2025
Election|News|Opinion|US

Biden lays into Trump over convictions and says he now poses a greater threat than in 2016

President Joe Biden has laid into his likely opponent in November’s election, Donald Trump, for being convicted by a Manhattan jury on 34 felony counts related to hush money payments

Biden lays into Trump over convictions and says he now poses a greater threat than in 2016
Economy|News|US|World

Treasury official says budget assistance designed to help Ukraine anti-corruption efforts

Just back from a visit to Ukraine, a U.S. Treasury official is describing a country whose wartime economy has proven resilient in the face of Russia’s invasion, and he says U.S. and allied budget assistance is designed to help Ukraine combat corruption and increase transparency

Treasury official says budget assistance designed to help Ukraine anti-corruption efforts
Economy|Finance|News|World

G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine

G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work
Business|Economy|Finance|News|US

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship
Business|Economy|Finance|US

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
Europe|News|World

Treasury sanctions network connected to separatist Bosnian leader

A network of people and firms that support the sanctioned president of Bosnia’s Serb-run part, Milorad Dodik, has been hit with new sanctions

Treasury sanctions network connected to separatist Bosnian leader
Economy|Finance|News|US

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

The Congressional Budget Office says it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
Crime|News|US|World

In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel

U.S., Treasury Secretary Janet Yellen has announced new sanctions against members of La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a slate of other Mexican cartels

In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel
Economy|Finance|News|US

Democrats put a spotlight on more than 1 million pensions saved under a 2021 law

Democrats are putting a spotlight on more than 1 million union workers and retirees whose pensions are being saved under a 2021 law

Democrats put a spotlight on more than 1 million pensions saved under a 2021 law
Business|Finance|Technology|US

US proposes rules to stop Americans from investing in Chinese technology with military uses

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

US proposes rules to stop Americans from investing in Chinese technology with military uses
Economy|News|US

Yellen announces efforts to boost the housing supply as high prices create a crunch

The Biden administration announced new steps to increase access to affordable housing

Yellen announces efforts to boost the housing supply as high prices create a crunch
Economy|News|Opinion

Yellen announces efforts to boost the housing supply as high prices create a crunch

The Biden administration is announcing new steps to increase access to affordable housing

Yellen announces efforts to boost the housing supply as high prices create a crunch
Asia|Economy|Finance|News|US|World

U.S. sanctions 'sprawling' shadow banking network for supporting Iranian military

A group of 50 people and firms across across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military have been hit with U.S. economic sanctions

U.S. sanctions 'sprawling' shadow banking network for supporting Iranian military
Business|Economy|US

IRS delays in resolving identity theft cases are 'unconscionable,' an independent watchdog says

An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases

IRS delays in resolving identity theft cases are 'unconscionable,' an independent watchdog says
Business|Economy|US

U.S. to expand control of land sales to foreigners near 56 additional military sites

New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227

U.S. to expand control of land sales to foreigners near 56 additional military sites
Business|Economy|Finance|US

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers
Business|Crime|Finance|Technology

What's worse than thieves hacking into your bank account? When they steal your phone number, too

What’s worse than thieves hacking into your bank account

What's worse than thieves hacking into your bank account? When they steal your phone number, too
Crime|News

U.S hits Mexican accountants and firms with sanctions for timeshare scams that support drug cartel

The U.S. has imposed sanctions on three Mexican accountants and four firms allegedly linked to a timeshare fraud ring run by the Jalisco New Generation drug cartel

U.S hits Mexican accountants and firms with sanctions for timeshare scams that support drug cartel
Celebrity|Entertainment|Technology

Social media influencers descend on the White House, where Biden calls them the new 'source of news'

Social media influencers have gotten the royal treatment as President Joe Biden gave a nod to their ability to hold sway with millions of loyal followers

Social media influencers descend on the White House, where Biden calls them the new 'source of news'
Americas|Crime|News|Political|US|World

Haitian ex-President Martelly hit with U.S. sanctions, accused of facilitating drug trade

The U.S. has imposed sanctions on the former president of Haiti, Michel Joseph Martelly, following accusations that he abused his influence to facilitate drug trafficking into the U.S. and sponsored gangs that have contributed to instability in the Caribbean country

Haitian ex-President Martelly hit with U.S. sanctions, accused of facilitating drug trade

Follow