Treasury Department

Markets worry Treasury yields could jump back to levels that sparked chaos last October

Business
Jessica Roberts

wsmahar/Getty Images The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. Yet, persistent inflation and ...

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

Politics
Amanda Smith

DETROIT (AP) — The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for ...

It’s going to be a massive week for the stock market

Business
Jessica Roberts

Reuters / Scott Olson It’s a big week for the stock market with a deluge of economic data set to be released. ...

US sanctions fundraisers for extremist West Bank settlers who commit violence against Palestinians

Politics
Amanda Smith

WASHINGTON (AP) — The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israeli-occupied West Bank settlers ...

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 ...