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WEATHER ALERT

4 advisories in effect for 6 regions in the area

WALLY ADEYEMO


US government sanctions Russians on the board of Alfa Group in response to war in Ukraine

The U.S. Treasury Department has imposed financial sanctions against four Russians on the board of Alfa Group.

New US sanctions are aimed at choking off Russia's access to battlefield supplies and revenue

The United States has imposed sanctions on roughly 120 firms and people in an effort to choke off Moscow’s access to products, money and financial channels that support its continued invasion of Ukraine.

US sanctions South Sudanese officials over conflict-related rapes of hundreds of women and girls

The U.S. has imposed sanctions on a South Sudanese military officer and governor accused in connection with the rapes of hundreds of women and girls.

US says price caps on Russia's oil are cutting revenue nearly in half and weakening its economy

When the Group of Seven nations, the European Union and Australia last year announced a plan to cap the price of Russian oil, U.S. officials said it would deliver a most effective blow to Russia’s economy, undermining its greatest revenue source.

Republicans get their IRS cuts; Democrats say they expect little near-term impact

While Republicans seek to make good on campaign promises to cut IRS funding through the proposed debt ceiling and budget cuts package now moving through Congress, Democrats are offering assurances that the spending cuts will have little impact on the federal tax collector.

Calling the IRS? Hold times are way down this tax season

The IRS says it has answered 2 million more calls this tax filing season than a year ago, with the average phone wait time now at four minutes.

No economic 'knockout' yet from West's sanctions on Russia

One month into the invasion of Ukraine, President Joe Biden declared that sanctions against Russia had rendered the ruble almost immediately “to rubble.”.

Treasury deputy: Russia sanctions are degrading its military

A top Treasury Department official says Russia’s mounting battlefield losses are a testament to the effectiveness of U.S. and allied sanctions on the Kremlin and its military machine.

China casts long shadow over US-Africa Leaders Summit

With dozens of African leaders descending on Washington this week, the Biden administration is offering a not so subtle pitch in its economic competition with China on the continent: The U.S. offers a better option to African partners.

White House invites dozens of nations for ransomware summit

The White House is bringing together three dozen nations, the European Union and a slew of private-sector companies for a two-day summit that looks at how best to combat ransomware attacks.

US busts network providing technology to Russian military

The Biden administration has announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine.

US allows tech firms to boost internet access in Iran

The Treasury Department says it will allow American tech firms to expand their business in Iran to boost internet access for the Iranian people.

US sets up Afghan relief fund with frozen central bank money

The Biden administration will transfer $3.5 billion in frozen Afghan central bank funds for humanitarian aid as hunger grips every province there.

Yellen warns of failure to agree on Russia oil price cap

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy.

IMF fees on war-torn countries closer to elimination

The International Monetary Fund is facing pressure to eliminate, or at least, reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine — which is one of the fund’s biggest borrowers.

US Treasury official to visit India amid Ukraine tensions

A high-ranking representative from the Biden administration is set next week to make his first official trip to India since the start of Russia’s invasion of Ukraine.

Yacht of wealthiest Russian oligarch docked in haven Dubai

The man considered to be the wealthiest oligarch in Russia, who has been photographed playing ice hockey with President Vladimir Putin, has joined a growing list of those transferring — or, sailing — their prized assets to Dubai.

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency.

IRS erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week.

Yellen weighs costs of war on Russia's frozen assets

The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash, including Russia itself.

Finance heads urged to boost fight against food insecurity

Treasury Secretary Janet Yellen has urged world finance leaders to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia’s war in Ukraine has made worse.

Yellen to see Ukraine PM, avoid Russians at global meetings

Treasury Secretary Janet Yellen plans to meet with Ukraine's prime minister during this week’s spring meetings of the International Monetary Fund and World Bank in Washington.

Live Updates | Russia-Ukraine War

A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions.

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.

Treasury: Most COVID rental aid went to low-income residents

The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants.

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.

Treasury broadens COVID relief uses for states, localities

President Joe Biden's administration is giving state and local governments greater flexibility in spending $350 billion in federal COVID-19 aid.

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.

Arizona won't stop using COVID money for anti-mask grants

Arizona Gov. Doug Ducey is defying a demand that he stop using federal coronavirus relief money to fund an education grant program that can only go to schools without mask mandates.

Treasury says it needs to modernize its economic sanctions

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.

Arizona can't use COVID money for anti-mask grants, feds say

Arizona can't use COVID money for anti-mask grants, feds say

The Biden administration on Tuesday ordered Arizona Gov. Doug Ducey to stop using the state’s federal pandemic funding on a pair of new education grants that can only be directed to schools without mask mandates.

White House blacklists Russian ransomware payment 'enabler'

White House blacklists Russian ransomware payment 'enabler'

The Biden administration is trying to choke the finances of criminal ransomware gangs by sanctioning a Russia-based virtual currency brokerage it says has been used by at least eight ransomware gangs to launder criminal proceeds.

Treasury Department creates office to oversee virus relief

Treasury Department creates office to oversee virus relief

The Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession.

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