Human rights violations lead to a new round of sanctions. President Joe Biden signed an executive order this week that will impact the Nicaraguan gold industry. The order…
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Average 401(k) Down $34,000 This Year
Americans have experienced more than $2 trillion in losses. New economic research has found that the average person’s 401(k) has lost some $34,000 in value since the beginning…
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Secretary Yellen Meets with European Finance Ministers
Discussions include projections for European economic outlook. Secretary of the Treasury Janet Yellen met with Eurogroup members last week to discuss the United States’ perspective on current European…
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Administration Fixes Obamacare “Family Glitch”
Gives 1 Million more Americans health care, mostly children. The Treasury Department and the Internal Revenue Service (IRS) published a final rule this week that fixes the Obamacare…
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Social Security Benefits Up 8.7% in 2023
The highest increase in four decades is in response to inflation. Social Security checks will be 8.7% higher beginning in January, the largest cost of living adjustment benefits…
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Treasury Department Auditing Migrant Flights from Florida
Inspector general questioning improper use of funds. The inspector general of the Department of the Treasury is auditing and investigating “as quickly as possible” Florida Governor Ron DeSantis’…
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Treasury Seeks Public Input for Climate Tax Breaks
Feedback is requested on the use of the $270 billion allocation. The Treasury Department published a request for public input this past week, seeking insights on how best…
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National Debt Tops $31 Trillion for First Time
Government spending is identified as the cause. The Treasury Department reported America’s gross national debt has eclipsed $31 trillion for the first time, a financial milestone arriving just…
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Treasury Department Sanctions Ties to Iranian Suppliers
International company network concealing origins of petroleum shipments. The Office of Foreign Assets Control (OFAC) at the Department of the Treasury has sanctioned an international group of countries…
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Administration Focuses on Cryptocurrency Regulation
Federal departments implement actions to curb fraud and money laundering. Administration officials spoke last week about the publishing of reports identifying gaps in cryptocurrency regulation. The reports call…
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