El Chapo's son, Sinaloa members face sanctions over fentanyl
The United States has sanctioned a son of Mexican drug lord Joaquin “El Chapo” Guzman, three members of the Sinaloa cartel and two Mexican-based firms, alleging they trafficked fentanyl and other drugs into the U.S. Tuesday's sanctions came the day Mexican President Andrés Manuel López Obrador was talking with President Joe Biden about immigration and the fentanyl crisis.
Russian arms dealer, son and front firms hit with sanctions
A Russian arms dealer, his son and a group of front companies across Asia, Europe and the Middle East and their leadership have been targeted for U.S. sanctions in an effort to quell Russia’s access to weapons to continue its invasion of Ukraine.
Musk to seek exemption from Iran sanctions for Web access
Elon Musk’s hopes to operate his satellite internet firm in Iran require permission from the Treasury Department, which said Tuesday it welcomes applications to support internet freedom in the country, which is largely isolated from western economies.
3 Iranian citizens charged in broad hacking campaign in US
The Justice Department says three Iranian citizens have been charged in the United States with ransomware attacks that targeted power companies, local governments and small businesses and nonprofits, including a Pennsylvania domestic violence shelter.
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.
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.
No currency manipulator labels from US, China on watch
The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
IRS to push tax deadline an extra month
This year’s tax season was scheduled to end April 15, but multiple news outlets reported Wednesday that the IRS is planning to push the deadline date to file an extra month. According to CNBC and other national outlets, the agency is considering moving the filing deadline to either May 15 or possibly May 17 since the 15th is a Saturday. The IRS typically delays filing deadlines that fall on a weekend or holiday to the next business day. There have been calls to extend the deadline after the passage of the $1.9 trillion American Rescue Plan. Processing of the payments began last Friday, the day after Biden signed the American Rescue Plan, which authorized direct payments of up to $1,400 to qualifying individuals.
Treasury: $242 billion in new relief payments already sent
The Treasury Department says it has sent out 90 million economic impact payments totaling $242 billion since President Joe Biden signed a $1.9 trillion pandemic relief plan. (AP Photo/Jacquelyn Martin, File)WASHINGTON – The Treasury Department says it has sent out 90 million economic impact payments totaling $242 billion since President Joe Biden signed a $1.9 trillion pandemic relief plan last week. Processing of the payments began last Friday, the day after Biden signed the American Rescue Plan, which authorized direct payments of up to $1,400 to qualifying individuals. Included were people who don't typically file a return but who used a non-filers tool at IRS.gov last year to be included in two earlier rounds of COVID-19 relief payments. No action is needed by most taxpayers to receive the payments, which will be automatic and similar to how people received their first and second round of economic impact payments in 2020.
Mayor Curry announces nearly $30 million in additional federal relief for rent, utility assistance
JACKSONVILLE, Fla. – Mayor Lenny Curry on Monday announced a new round of federal funding for rent and utility assistance that will be dispersed by the city of Jacksonville. The $28.9 from the Treasury’s Emergency Rental Assistance Program comes with guidelines that were laid out by the city. The funds will be available to citizens to cover up to 12 months of rent and utility payments with the option for an additional three months if determined necessary to ensure housing stability. Ron DeSantis announced the state would receive roughly $1.4 billion through the federal emergency rental assistance program to help those financially impacted by the pandemic. According to the Treasury Department, several counties in Northeast Florida are slated to receive millions of dollars in funding including Clay County, St. Johns County, and Duval County.
US regulators launch review of stock market turbulence
FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks are opening higher on Wall Street after more companies reported strong earnings and as hopes continue to build for another round of help for the economy from Washington. (AP Photo/Seth Wenig, File)WASHINGTON – The nation's top financial markets regulators say they will look into whether recent stock market turbulence is an indication that current trading practices are not doing enough to protect investors. The department issued the statement after a meeting of regulators convened by Treasury Secretary Janet Yellen. The market battle, led by traders gathered on Reddit, sent shares of severely damaged companies like GameStop and AMC soaring.