U.S. Department Of Treasury News

Treasury releases final rules for clean hydrogen production tax credit

The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the section 45V Clean Hydrogen Production Tax Credit, a provision established by the Inflation Reduction Act.

U.S. sanctions Chinese firm for aiding state-backed cyber group

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Integrity Technology Group, Incorporated (Integrity Tech), a cybersecurity company based in Beijing.

Treasury amends stock purchase agreements with Fannie Mae and Freddie Mac

The U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA) have announced amendments to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac.

US sanctions Iranian and Russian entities over alleged interference in 2024 election

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against entities in Iran and Russia for their alleged attempts to interfere in the 2024 U.S. election.

U.S. sanctions Russian judge over detention of Moscow councilor Alexei Gorinov

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Russian judge Olesya Mendeleeva for her involvement in the arbitrary detention of Alexei Gorinov, a Moscow city councilor and human rights...

U.S. Treasury Secretary announces $3.4B aid to Ukraine amid ongoing conflict

Secretary of the Treasury Janet L. Yellen announced the disbursement of $3.4 billion in direct budget support for Ukraine, marking a significant step as Russia continues its attacks on Ukrainian civilians and infrastructure.

Treasury releases final rules on tax reporting for DeFi brokers

The U.S. Department of the Treasury and the Internal Revenue Service have released final regulations concerning tax reporting requirements for brokers involved in digital asset transactions.

Treasury Secretary Yellen addresses Congress on impending debt limit issues

Today, Secretary of the Treasury Janet L. Yellen sent a letter to Congressional leadership about the debt limit.

US sanctions Georgian officials over protest crackdowns

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two officials from Georgia's Ministry of Internal Affairs.

Treasury imposes new sanctions targeting Houthi procurement networks

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against twelve individuals and entities across various jurisdictions.

Treasury reports October TIC inflow; next update due January

The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for October 2024, indicating a net TIC inflow of $203.6 billion.

Treasury releases report on artificial intelligence in financial services

The U.S. Department of the Treasury has released a report on the uses, opportunities, and risks associated with artificial intelligence (AI) in financial services.

U.S imposes new sanctions targeting Iranian oil trade

The United States Department of the Treasury has announced sanctions on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals.

U.S. Treasury targets network linked to Republika Srpska President Milorad Dodik

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken action against individuals and entities linked to Republika Srpska President Milorad Dodik, aiming to disrupt a network that allegedly facilitates his...

US targets facilitators procuring navigational systems for Iran

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two entities and two individuals involved in the development and procurement of components for sensitive navigational systems used by the...

U.S. and Belarus agree to suspend part of tax convention until 2026

The U.S. Department of the Treasury has formally notified the Republic of Belarus regarding the suspension of a specific provision in the 1973 Tax Convention originally signed with the Union of Soviet Socialist Republics.

Treasury targets North Korean money laundering network linked to weapons funding

The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two individuals and one entity involved in a network laundering millions of dollars in illicit funds generated by North Korean IT...

US-China economic working group meets amid global economic challenges

The United States and the People's Republic of China convened for the seventh meeting of the Economic Working Group in Johannesburg on December 12.

U.S.-China financial working group holds seventh meeting in Nanjing

The United States and the People's Republic of China convened for the seventh meeting of the Financial Working Group (FWG) in Nanjing on December 15-16.

US imposes new sanctions targeting North Korean financial facilitators

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against nine individuals and seven entities linked to North Korea's financial and military activities.