Tag: Treasury Department
Treasury Aims for Economic Pain on Russia, but Critics Question Effectiveness
WASHINGTON — When Russia imposed retaliatory sanctions on top American officials last month, its government targeted President Biden…
Biden Aims to Boost Military and Social Spending in 2023 Budget
WASHINGTON — President Biden’s fiscal 2023 budget will call for additional military spending in the face of Russian…
What a Federal Reserve Rate Increase Means for You
Though the typical car payment has reached its highest levels since 2012, any Fed increase isn’t expected to…
American Officials Believe They Have Located Putin’s Yacht
WASHINGTON — American officials are examining the ownership of a $700 million superyacht currently in a dry dock…
US Escalates Sanctions With a Freeze on Russian Central Bank Assets
The Treasury Department on Monday moved to further cut off Russia from the global economy, announcing that it…
Ukraine Crisis: What Happens Next for the Rest of the World?
Administration officials have studied how sanctions would affect each of the big banks, including Sberbank and VTB, Russia’s…
Russia Could Use Cryptocurrency to Mitigate U.S. Sanctions
When the United States barred Americans from doing business with Russian banks, oil and gas developers and other…
Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds
Looking Ahead, and to the PastWhat would have to happen for these rock-bottom borrowing costs to rise significantly?…
Racial Turmoil Mars Signs of Progress at the U.S. Mint
WASHINGTON — The United States Mint celebrated a milestone this month when it announced the first shipment of…