Tag: Treasury Department
Crypto ‘Mixer’ Tornado Cash Is Blacklisted by the Treasury Department
The Treasury Department on Monday prohibited Americans from using the cryptocurrency platform Tornado Cash, saying the service has…
Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance
WASHINGTON — The Biden administration’s push to form an international buyers’ cartel to cap the price of Russian…
Kraken, a U.S. Crypto Exchange, Is Suspected of Violating Sanctions
Kraken, one of the world’s largest cryptocurrency exchanges, is under federal investigation, suspected of violating U.S. sanctions by…
How Joe Manchin Left a Global Tax Deal in Limbo
WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United…
Veterans of Carter-Era Inflation Warn That Biden Has Few Tools to Tame Prices
WASHINGTON — When inflation surged in the late 1970s, President Jimmy Carter convened his top economic advisers for…
U.S. Imposes Sanctions on Yacht Company That Caters to Russian Elites
WASHINGTON — The U.S. government leveled sanctions against a yacht management company and its owners, describing them as…
Yellen Calls on Europe to Boost Ukraine Aid
BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to…
Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track
“I think the reality of turning a political commitment into binding domestic legislation is a lot more complex,”…
How Do Higher Interest Rates Bring Down Inflation?
This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan…
Fed Officials Are on the Defensive as High Inflation Lingers
Christopher Waller, a governor at the Federal Reserve, faced an uncomfortable task on Friday night: He delivered remarks…
Fed Raises Interest Rate Half a Percentage Point, Largest Increase Since 2000
The Federal Reserve raised interest rates by a half percentage point and announced a plan to shrink its…
Why Daniel Kinahan is Being Disavowed By Boxing Promoters
According to Bob Arum, the founder of United States-based boxing promoter Top Rank, Top Rank paid Kinahan over…