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US issues sanctions on a 2nd virtual currency mixing firm

WASHINGTON (AP) — The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its c...

Putin's rumored girlfriend hit with latest U.S. sanctions

WASHINGTON (AP) — A new round of U.S. sanctions targeting Russian elites includes a woman named in news reports as Vladimir Putin’s longtime romantic partner. The Treasury Departmen...

Treasury says borrowing needs increased by $262 billion

WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released M...

US sanctions UAE, Hong Kong firms that ship Iranian oil

WASHINGTON (AP) — The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to E...

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of ...

Rejected by courts, retirees take last shot to save pensions

WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance technician for Delphi Corp., a subsidiary of ...

EXPLAINER: How a G-7 ban on Russian gold would work

WASHINGTON (AP) — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union's s...

Biden vows abortion fight, assails 'extreme' court ruling

WASHINGTON (AP) — President Joe Biden said Friday he would fight to preserve access to abortion after the Supreme Court overturned Roe v. Wade, and he called on Americans to elect more Democrats who w...

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

WASHINGTON (AP) — It’s Groundhog Day at the IRS. After digging out of a daunting backlog from 2021, the agency has an even bigger backup for this tax season than it did a year ago an...

IRS erases last season's backlog, but still faces 2022 crush

WASHINGTON (AP) — The Internal Revenue Service said Tuesday that it will have erased its backlog of last season's tax returns by the end of this week. And with 143 million returns f...

Biden to name 1st Native American US treasurer to head Mint

WASHINGTON (AP) — A Native American is being appointed U.S. treasurer, a historic first. The White House on Tuesday announced President Joe Biden's intent to appoint Marilynn “Lynn” ...

US sanctions Nicaraguan gold mining firm over ties to Russia

WASHINGTON (AP) — The U.S. imposed sanctions Friday on Nicaragua’s state-owned gold mining company and the president of its board of directors in part over the Central American nation's ties to Russia...

Amid crypto turmoil, senators propose sweeping oversight

WASHINGTON (AP) — Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures. ...

Treasury Secretary Yellen expects inflation to 'remain high'

WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected r...

Putin-linked elites, yachts, firms targeted for sanctions

WASHINGTON (AP) — The U.S. announced new sanctions Thursday on Russian oligarchs and elites, including some of the richest men in Europe and their families, as well as penalties targeting more Kremlin...