Treasury deputy: Russia sanctions are degrading its military
American and allied sanctions and export controls are constraining Russia’s ability to wage war on Ukraine by degrading its military, a top Treasury Department official says. Treasury Deputy Secretary Wally Adeyemo says in prepared remarks that as the war on Ukraine nears the one-year mark U.S. sanctions are proving to mount military losses as intended on the Kremlin and its military machine. Adeyemo is set to deliver the speech Tuesday at the Council on Foreign Relations in Washington.news.yahoo.com
Watch live: Treasury Deputy Secretary Wally Adeyemo talks Biden economy at Delivering Alpha
[The stream is slated to start at 8:40 a.m. Please refresh the page if you do not see a player above at that time.] CNBC's Ylan Mui interviews Treasury Deputy Secretary Wally Adeyemo on the Biden administration's plan to fight inflation and build a more resilient economy. He'll also discuss the U.S response to Russia, the endgame for Ukraine and the potential for geopolitical realignment.cnbc.com
Trump to file motion for "special master" after Mar-a-Lago raid
Former President Donald Trump's legal team is planning to file a court motion calling for the appointment of a "special master" to review and return evidence collected during last week's FBI raid of his Mar-a-Lago estate. Natalie Brand has the details.news.yahoo.com
Yellen warns nations flouting Russia sanctions
U.S. Treasury Secretary Janet Yellen warns countries subverting sanctions imposed on Russia that they'll face consequences for their actions. "Sanctioning countries will not be indifferent to actions that undermine the sanctions," she said. (April 13)news.yahoo.com
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.
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.
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.
Attorney General Merrick B. Garland, Deputy Attorney General Lisa O. Monaco and FBI Director Christopher Wray Deliver Remarks on Sodinokibi/REvil Ransomware Arrest
A core priority of the Justice Department is to keep our country safe from all threats, foreign and domestic. In ransomware attacks, transnational cybercriminals use malicious software to hold digital systems hostage and demand a ransom. Six weeks later, on August 11, the Justice Department indicted Yaroslav Vasinskyi – also known by the online moniker, Rabotnik. Over the past seven months, the Justice Department has sharpened the tools at our disposal to investigate and prosecute ransomware attacks. Almost immediately after they were hit, Kaseya provided the FBI information they needed to act—and to act fast.justice.gov
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.
Deputy treasury secretary nominee to focus on national security in confirmation hearing
Wally Adeyemo, President Joe Biden's nominee for deputy treasury secretary, is expected to focus on national security, including taking on China for unfair practices, during his Senate confirmation hearing. He also plans to draw on his experience having served as deputy national security adviser under former President Obama. "If confirmed, I have been asked by [Treasury] Secretary Yellen to work on a number of Treasury's national security priorities," Adeyemo is expected to say. Prior to being nominated to serve as deputy treasury secretary, Adeyemo also served as deputy director of the National Economic Council. If confirmed, Adeyemo would become the first African American to serve as deputy treasury secretary.cbsnews.com
President-elect Biden Announces Key Members of Economic Team
WASHINGTON — On November 30, President-elect Joe Biden announced key members of his economic team, including Janet Yellen, Secretary of the Treasury; Neera Tanden, Director of the Office of Management and Budget; Wally Adeyemo, Deputy Secretary of the Treasury; Cecilia Rouse, Chair of the Council of Economic Advisers; and Jared Bernstein and Heather Boushey, members of the Council of Economic Advisers. The outstanding economic team that President-elect Biden is bringing together will help us deliver on our commitment. If confirmed, Adeyemo would be the first African American Deputy Secretary of the Treasury. If confirmed, Adeyemo would be the first African American Deputy Secretary of the Treasury. An expert on the impact of structural inequities on economic growth, she is a leading voice on matters of economic policy.thewestsidegazette.com
Watch live: Biden and Harris introduce key economic team members
President-elect Joe Biden and Vice President-elect Kamala Harris are set to introduce key members of their economic team Tuesday afternoon in Wilmington, Delaware. The Biden transition team announced picks for top economic posts on Monday. He previously served as chief of staff at the Consumer Financial Protection Bureau, deputy director of the National Economic Council and deputy national security advisor. The transition team has selected Princeton dean Cecilia Rouse, one of the nation's top labor economists, as chair of the Council of Economic Advisers. The transition team has not announced a selection for director of the National Economic Council, a role that is often considered the president's top economic advisor.cnbc.com
Biden announces economic team, confirms Janet Yellen as Treasury nominee
President-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming administration's top economic posts. The transition team confirmed CNBC's earlier report that former Federal Reserve Chair Janet Yellen would be Biden's official nominee for Treasury secretary. "As Treasury Secretary, I will work every day towards rebuilding that dream for all." Macroeconomic and national security advisor Wally Adeyemo was nominated to serve as deputy secretary of the Treasury. If confirmed, Adeyemo would be the first African American deputy secretary of the Treasury.cnbc.com