Yellen warns nations flouting Russia sanctions
U.S. Treasury Secretary Janet Yellen warns countries subverting sanctions imposed on Russia that they'll face consequences for their actions. "Sanctioning countries will not be indifferent to actions that undermine the sanctions," she said. (April 13)news.yahoo.com
US, allies aim to force Russia to shift money away from war
A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.
US sanctions Ukrainian officials accused of helping Russia
The U.S. Treasury Department says it's levying new sanctions against four Ukrainian officials, including two current members of parliament who administration officials say are part of a Russian influence effort to set the pretext for further invasion of Ukraine.
US issues sanctions, visa bans to mark Human Rights Day
The U.S. issued financial sanctions and visa bans on former and current government officials and entities in nine countries Friday — including China, Myanmar and Russia — as part of coordinated actions with Canada and the U.K. to coincide with International Human Rights Day.
Treasury says it needs to modernize its economic sanctions
The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world.
Deputy treasury secretary nominee to focus on national security in confirmation hearing
Wally Adeyemo, President Joe Biden's nominee for deputy treasury secretary, is expected to focus on national security, including taking on China for unfair practices, during his Senate confirmation hearing. He also plans to draw on his experience having served as deputy national security adviser under former President Obama. "If confirmed, I have been asked by [Treasury] Secretary Yellen to work on a number of Treasury's national security priorities," Adeyemo is expected to say. Prior to being nominated to serve as deputy treasury secretary, Adeyemo also served as deputy director of the National Economic Council. If confirmed, Adeyemo would become the first African American to serve as deputy treasury secretary.cbsnews.com
Watch live: Biden and Harris introduce key economic team members
President-elect Joe Biden and Vice President-elect Kamala Harris are set to introduce key members of their economic team Tuesday afternoon in Wilmington, Delaware. The Biden transition team announced picks for top economic posts on Monday. He previously served as chief of staff at the Consumer Financial Protection Bureau, deputy director of the National Economic Council and deputy national security advisor. The transition team has selected Princeton dean Cecilia Rouse, one of the nation's top labor economists, as chair of the Council of Economic Advisers. The transition team has not announced a selection for director of the National Economic Council, a role that is often considered the president's top economic advisor.cnbc.com
Biden announces economic team, confirms Janet Yellen as Treasury nominee
President-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming administration's top economic posts. The transition team confirmed CNBC's earlier report that former Federal Reserve Chair Janet Yellen would be Biden's official nominee for Treasury secretary. "As Treasury Secretary, I will work every day towards rebuilding that dream for all." Macroeconomic and national security advisor Wally Adeyemo was nominated to serve as deputy secretary of the Treasury. If confirmed, Adeyemo would be the first African American deputy secretary of the Treasury.cnbc.com
Biden names liberal econ team as pandemic threatens workers
Biden also selected Wally Adeyemo to be Yellen’s deputy, which would make him the first Black deputy treasury secretary. Rouse, Tanden and Adeyemo will all require Senate confirmation, and Tanden in particular is already drawing heavy Republican criticism. “They’re fairly conventional liberal economists and experts.”Still, the Biden administration’s ambitious goals will face solid opposition from Republicans in Congress. She first made her mark in the Clinton orbit, and served as policy director for Hillary Clinton’s 2008 presidential race. Bernstein has also worked as a social worker and was an economist at the Economic Policy Institute, a labor-supported think tank.