WALLY ADEYEMO

President Biden said in Europe earlier this week that more sanctions were coming.

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

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.

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.

The first Ukrainian unit to undergo U.S. combat training in Germany is returning to combat ahead of Russia's anticipated spring offensive, the Pentagon said.

Tax season kicked off for individual filers on Monday with a bigger IRS customer service team and enhanced technology, according to Treasury officials.

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.

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

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.

During the two-day APEC finance ministers' meeting, countries pledged not to adjust exchange rates for competitive purposes.

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.

The Treasury Department says G-7 countries will follow through with capping the price on Russian oil despite OPEC+ cutbacks on oil production.

Deputy Treasury Secretary Wally Adeyemo tells CNBC's Ylan Mui that Biden administration economic policies will lead to a brighter economic outcome.

[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.

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

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

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

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.

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.

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.

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.

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

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

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.

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.

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.

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)

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.

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.

The U.S. and international allies have imposed a barrage of punitive measures against Russia since the country launched its invasion of Ukraine on Feb. 24.

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.

On this "Face the Nation" broadcast, Senator Marco Rubio and former national security adviser H.R. McMaster join Margaret Brennan.

The following is a transcript of an interview with Deputy Treasury Secretary Wally Adeyemo that aired Sunday, February 6, 2022, on "Face the Nation."

The understaffed and overworked Internal Revenue Service is bracing for difficulties. COVID-19 relief, child tax credits and a backlog of 2020 returns will only complicate matters.

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.

A day earlier, President Joe Biden said he expected President Vladimir Putin would invade Ukraine. Biden vowed that that move would be "a disaster" for 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.

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

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.

Deputy Treasury Secretary Wally Adeyemo said on Tuesday the U.S. dollar will continue to be the world's dominant currency despite interest in cryptocurrencies.

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.

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.

The country's economy is on the brink of collapse after the exodus of international support.

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.

The Biden administration orders 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 the mandates.

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.

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.

It's sanctioning virtual currency exchange SUEX for facilitating transactions for ransomware actors.

The Treasury Department announced on Friday that it's given out more than $6 billion to help renters and landlords struggling in the pandemic.

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.

The Treasury Department is working with the International Monetary Fund to help provide up to $650 billion in currency aid to countries hit hardest by the Covid-19 pandemic.

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.

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.

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.

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.