Treasury Department

Treasury proposes new anti-money laundering regulations for investment advisers

Evan Massoud

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

Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023

Barbara Terrio

Business By Reuters Published Jan. 12, 2024, 7:32 p.m. ET Rising income expenses pushed the Federal Reserve system deep into a ...

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

Evan Massoud

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

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

Evan Massoud

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

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

Evan Massoud

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

Poorer areas have seen the bulk of clean energy funds in the Inflation Reduction Act’s wake, Treasury finds

Evan Massoud

President Joe Biden’s landmark climate law is driving outsized clean energy funding into low-income, less-educated and fossil fuel towns, according ...

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

Barbara Terrio

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

House Republicans Clash Over Spending Days Ahead of Shutdown Deadline

Evan Massoud

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

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

Barbara Terrio

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

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

Barbara Terrio

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

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