(Bloomberg) — The Federal Reserve said Friday it would comply with a Treasury Department request to return unused funds meant to backstop five emergency lending programs, moving to tamp down a public rift that arose a day earlier. “We will work out arrangements with you for returning the unused portions […]
Treasury
Warren has expressed interest in being Biden’s Treasury secretary: report
Sen. Elizabeth WarrenElizabeth WarrenWhat a Biden administration should look like Overnight Defense: Dems want hearing on DOD role on coronavirus vaccine | US and India sign data-sharing pact | American citizen kidnapped in Niger Conservative operatives Wohl, Burkman charged in Ohio over false robocalls MORE (D-Mass.) has expressed interest in […]
The Finance 202: Biden’s transition team juggles competing demands as liberals push Warren for Treasury
“Donors, activists and leaders on the left want Warren” in the role, more than six of them told NBC’s Alex Seitz-Wald. “And people Warren has spoken to are under the impression that she wants the job if she is offered it.” Other activists tell me they are at least as […]
US Treasury says some ransomware payments may need its express approval
The US Treasury Department has published guidelines today to be used in special circumstances where a ransomware payment may break US sanctions. The guidelines apply to situations where an individual or company has had its data encrypted by a ransomware gang that is either sanctioned or has affiliations with a cybercrime group […]
Treasury officials push for bombshell tax hikes to pay for virus
Fuel duty could be increased for the first time in a decade Treasury officials are pushing for the largest tax rises in a generation to plug the gaping holes in the public finances, in a move being resisted by Downing Street, The Telegraph can disclose. The proposed quintuple whammy of […]