The Treasury Department on May 26 said that June 5 would be the new date on which the government could run out of money to pay to its bills. Meanwhile, both the White House and the Republican House speaker pointed to more progress in the debt ceiling negotiations. The Republican-led Texas House of Representatives has…
LIVE NOW: NTD Evening News (May 26): Texas Attorney General Ken Paxton Facing Impeachment; US Will Run Out of Money by June 5: Treasury
NTD Evening News (May 26): Texas Attorney General Ken Paxton Facing Impeachment; US Will Run Out of Money by June 5: Treasury
The Treasury Department on May 26 said that June 5 would be the new date on which the government could run out of money to pay to its bills. Meanwhile, both the White House and the Republican House speaker pointed to more progress in the debt ceiling negotiations. The Republican-led Texas House of Representatives has…
US Sanctions Additional Sinaloa Cartel Members for Alleged Role in Illicit Fentanyl Trade
The United States announced on May 9 it has sanctioned four members of the Sinaloa Cartel—including the son of druglord “El Chapo”—for their alleged role in illicit trade of fentanyl and other drugs. The U.S. Treasury Department also announced it has sanctioned two Mexico-based companies. Financial sanctions were levied against JoaquÍn Guzmán López, Saúl Páez López,…
The Debt-Ceiling Crisis That Probably Isn’t
The financial media is rife with misinformation on the debt ceiling and the jump in interest rates. However, a history review shows that the debt-ceiling issue is not only a non-crisis but also the recent rise in rates is likely an opportunity to buy bonds. Let’s start with the media scare tactics over the debt…
US Sanctions Chinese Entities for Allegedly Providing Precursor Chemicals for Illicit Fentanyl Production
The Treasury Department announced on April 14 it is sanctioning two entities tied to China for allegedly “supplying precursor chemicals to drug cartels in Mexico for the production of illicit fentanyl intended for U.S. markets.” Wuhan Shuokang Biological Technology Co., Ltd. (WSBT) and Suzhou Xiaoli Pharmatech Co., Ltd. (SXPC) were sanctioned “for having engaged in,…
US Slaps 120 Russia-Linked Firms and Individuals With Fresh Sanctions
Washington has enacted a wide-ranging package of fresh economic sanctions that target more than 120 Russia-linked companies and individuals—several of them in third countries. “The United States will continue to take action against Russia and those supporting its war in Ukraine,” Secretary of State Antony Blinken said in a statement on April 12. According to…
US Slaps 120 Russia-Linked Firms, Individuals With Fresh Sanctions
The United States has enacted a wide-ranging package of fresh economic sanctions against more than 120 Russia-linked companies and individuals—several of them in third countries. “The United States will continue to take action against Russia and those supporting its war in Ukraine,” Secretary of State Antony Blinken said in a statement on April 12. Blinken…
Treasury Turning Over Suspicious Bank Records on Biden Family to House GOP, Comer Says
The U.S. Treasury Department has reportedly agreed to provide Republican lawmakers access to a set of Suspicious Activity Reports (SAR) relating to transactions by President Joe Biden’s son Hunter Biden, the president’s brother James Biden, and their business associates. House Oversight Committee Chairman James Comer (R-Ky.) issued a statement today announcing the Treasury Department had…
Treasury Announces $353.4 Million in Small Business Funding for 4 States
The State Small Business Credit Initiative (SSBCI) has approved four state plans for funding of up to $353.4 million, according to a Feb. 27 statement from the U.S. Department of the Treasury. In their press release, the Treasury Department said it has officially approved state and territorial proposals for more than $7 billion in SSBCI financing…
Treasury Department Proposes Climate Data Collection Rule For Insurers
The Treasury Department announced that it was proposing a new rule that would gather climate risk data from home insurance companies. The proposed changes, which were posted in a Federal Register notice on Oct. 18, require that property and casualty insurers provide data on climate change-related risks, in order to better prepare financial regulations for global…
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