News published on Monetary Brief in September 2025

News from September 2025

Treasury imposes new sanctions on network supporting Iran's military finances

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting individuals and entities linked to Iran’s military financial networks.

California weighs response as GOP-led states pursue aggressive redistricting

As Texas and other Republican-led states move to redraw congressional district maps ahead of the 2026 election, California is considering a similar approach in response.

UC Berkeley again tops global ranking for startup founders among undergraduate alumni

For the third consecutive year, UC Berkeley leads all universities worldwide in producing venture-backed startups founded by its undergraduate alumni.

UC Berkeley chancellor condemns violence after Charlie Kirk's death

Charlie Kirk’s death has prompted a statement from University of California, Berkeley Chancellor Rich Lyons, who described the incident as an attack on the open exchange of ideas central to university life. “Charlie Kirk’s death represents an...

Treasury announces broadest sanctions yet against global Houthi support networks

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions on 32 individuals and entities, along with four vessels, in its largest action to date against Iran-backed Ansarallah, also known as the Houthis.

U.S. and Japan finance ministers reaffirm market-based approach to currency policy

The United States Department of the Treasury and the Japanese Ministry of Finance have announced their intention to continue close consultations on macroeconomic and foreign exchange issues.

U.S. and Mexican officials meet for 20th banking dialogue focused on combating illicit finance

Senior officials from the U.S. Department of the Treasury and Mexico’s Secretaría de Hacienda y Crédito Público held the 20th U.S.-Mexico Banking Dialogue (UMBD) on September 8–9 in Washington.

Treasury and GSA launch SAVE Program targeting wasteful spending in federal contracts

The U.S. Department of the Treasury and the U.S. General Services Administration (GSA) have launched the Savings Award for Verified Efficiencies (SAVE) Program, a joint initiative aimed at reducing wasteful spending in federal contracts.

Treasury Secretary calls for focus on growth at Financial Stability Oversight Council meeting

At the first public session of the Financial Stability Oversight Council (FSOC) this year, Treasury Secretary Scott Bessent addressed the relationship between economic growth and financial stability.

Financial Stability Oversight Council reviews priorities and approves FY26 budget

The U.S. Department of the Treasury hosted a meeting of the Financial Stability Oversight Council (FSOC) on September 10, 2025, led by Secretary of the Treasury Scott K. H. Bessent.

Treasury Secretary Bessent announces meetings in Spain, UK, and with Chinese officials

Secretary of the Treasury Scott K.H. Bessent is scheduled to travel to Europe from September 12 to September 18.

UC Berkeley study finds AI chatbots’ moral judgments align with online community standards

Researchers at the University of California, Berkeley’s D-Lab have examined how large language models (LLMs), which power popular AI chatbots, handle moral dilemmas by comparing their responses to those of Reddit users on the “Am I the Asshole?”...

Founder of Binance on BNB: 'We had our challenges along the way, but we worked hard, we built, and we held'

Changpeng "CZ" Zhao, founder of Binance, said that BNB's rise from its $0.10 Initial Coin Offering (ICO) price to $1,000 underscores the community's hard work and support.

Treasury proposes rules defining tip-based occupations eligible for new tax deduction

The Treasury Department and the Internal Revenue Service (IRS) have released proposed regulations that define which occupations are eligible for the new “No Tax on Tips” deduction.

Treasury imposes sanctions on Sudanese actors linked to Iran over conflict involvement

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against two Sudanese Islamist actors: Gebreil Ibrahim Mohamed Fediel, known as Gebreil, and the Al-Baraa Bin Malik Brigade (BBMB).

Secretary Bessent urges G7 partners to align on tariffs targeting Russian oil buyers

During a recent emergency call with G7 Finance Ministers, Secretary Bessent repeated President Trump's request for G7 countries to join the United States in imposing tariffs on nations that buy oil from Russia.

Federal banking regulators plan third hybrid outreach meeting on regulation review

Federal bank regulatory agencies have scheduled a hybrid public outreach meeting in Kansas City, Missouri, on October 30, 2025.

Federal bank regulators schedule third hybrid outreach meeting for regulation review

Federal bank regulatory agencies plan to hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri.

Treasury requests large position reports for holders of February 2055 bonds

The U.S. Department of the Treasury has requested that entities holding positions of $6.9 billion or more in the 4-5/8% Treasury Bonds maturing in February 2055 submit Large Position Reports.

IBM partners with BharatGen to boost adoption of Indian language-focused AI

IBM and BharatGen have announced a strategic partnership to promote the use of artificial intelligence (AI) in India.