Treasury Department

Treasury proposes new anti-money laundering regulations for investment advisers

Politics
Amanda Smith

WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp ...

A Lucrative Tax Credit for Making Clean Fuel Won’t Be So Easy to Get

Politics
Amanda Smith

WASHINGTON — The Biden administration on Friday issued its long-awaited plan to provide lucrative tax breaks to companies that make hydrogen, a ...

US Treasury’s financial crimes unit lays out access plan for shell company data

Politics
Amanda Smith

(Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Thursday detailed its plan for granting access to new data ...

US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

Politics
Amanda Smith

The Biden administration released long-awaited guidance on Friday around tax credits for aviation fuel that reduces emissions of greenhouse gases compared with ...

Binance CEO Pleads Guilty, Agrees to Pay $50 Million Fine

Business
Jessica Roberts

(Bloomberg) — Binance Holdings Ltd.’s Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering violations and agreed to pay a $50 ...

I bonds just got more attractive in two key ways

Business
Jessica Roberts

New I bond purchases just got better in two crucial ways this month. First, the annualized yield for new I bond purchases ...

House Republicans Clash Over Spending Days Ahead of Shutdown Deadline

Politics
Amanda Smith

WASHINGTON — At odds with one another on spending, House Republicans abruptly scrapped their legislative work on Thursday and left Washington with ...

The Big Bond Market Event Wednesday Is at Treasury, Not the Fed

Business
Jessica Roberts

(Bloomberg) — The Federal Reserve’s policy statement is setting up to be the No. 2 event on Wednesday, with investor focus instead ...

Get ready for more US debt sticker shock as Wall Street sees a bigger wave of Treasurys flooding the bond market

Business
Jessica Roberts

Treasury Secretary Janet Yellen.Chip Somodevilla/Getty Images The Treasury Department will provide an update on its debt issuance plans on November 1. Some ...

The US’s massive debt pile is fueling the bond-market crash. These 4 charts tell the story.

Business
Jessica Roberts

US President Joe Biden discussing student debt relief at the White House in August 2023.Alex Wong/Getty Images The US’s ballooning debt burden ...