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US could default on its debt as soon as June, says US Treasury Department

The US Treasury Department said the country could default on its debt as soon as June.

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Cryptocurrencies pose a threat to effectively enforcing sanctions, says US Treasury Department

Left unchecked, "these digital assets and payments systems could harm the efficacy of our sanctions…

Carla Mozée   


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American Airlines, United, and other carriers have agreed to bailout terms with the US Treasury Department that will avoid layoffs until October

The coronavirus bailout package, the CARES Act, contains two provisions for aid to the airline indu…

David Slotnick   


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A Florida airline could go under because the US Treasury Department held up its bailout money, a union leader says

Miami Air International, a Florida charter airline, is expected to liquidate due to the coronavirus…

David Slotnick   


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US Treasury Department unit set to provide financial records in Trump-Russia investigation

The full scope of Trump's labyrinthine financial affairs is not publicly known, partly because Trum…

Bryan Logan,Reuters   


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India Among Top Lenders To US As Bond Investments Hit $73 Billion In June

About a fifth of India’s foreign exchange reserves of close to $320 billion is now parked in US gov…

Economic Times   


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US offers $10 million for intel on Russian military media outlet Rybar amid election interference allegations

The US said that Rybar, a Russian war blog, has attempted to "advance pro-Russian and anti-Western …

Rebecca Rommen   


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One of Rusisa's biggest automakers said it's struggling under Western sanctions after frontline complaints that its vehicles are falling apart

A former top official complained of constant leaks, a gearshift lever falling off, unusually low mi…

Matthew Loh   


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Satellite images show the Russian cargo ship that transported ballistic missiles from Iran

The US said Russia received its first shipment of missiles from Iran in early September and used a …

Jake Epstein   


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The long tale of the yacht linked to a Russian oligarch and abandoned in the Caribbean for more than 2 years finally draws to a close

A European buyer bought the 267-foot yacht, ending two-year saga involving ex-Google CEO Eric Schmi…

Lian Kit Wee   


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New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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Xi Jinping admits China is 'relatively weak' on innovation and needs more talent to dominate the tech 'battlefield'

Though he mostly praised China's progress, Xi also said the country needs to fix issues like a tale…

Katherine Tangalakis-Lippert   


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The US crackdown on Russian trade is working as Putin struggles to fund his war

Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign …

Filip De Mott   


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The US wants to boost affordable housing by using billions in unspent COVID aid

The Treasury Department has freed up funds from COVID-era programs to support national housing proj…

Filip De Mott   


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Russia is not winning the war because Moscow has mismanaged its own economy, professors say

Moscow is dealing with a self-inflicted economic wound, and it's problems are all a result of misma…

Jennifer Sor   


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This notorious Russian hacking group is threatening to release Trump court documents

LockBit is a notorious Russia-based ransomware group that has racked up over 2,000 victims and over…

Grace Eliza Goodwin   


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US reportedly probes oil tanker firms about possible Russia sanctions violations

The move marks the biggest step of its kind since price caps were imposed on Russian crude, accordi…

Aruni Soni   


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Sanctions against Russia will last 'for years to come' as the US aims to cut Moscow's oil and gas revenue in half by 2030

Limiting Russia's energy revenue will ensure that Moscow can't rearm for future aggression, Geoffre…

Filip De Mott   


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E. Jean Carroll may face a hefty tax bill if Donald Trump owes her money thanks to a law he signed while president

Carroll could face a plaintiff "double tax" if she wins more damages from Trump, thanks to a bill h…

Sonam Sheth   


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Meet the Prigozhins: What to know about the Wagner boss and the relatives who help run his business empire

Prigozhin's family members, many of whom have been subject to Western sanctions, have varying level…

Kai Xiang Teo,Huileng Tan