#US targets Hamas finances with new sanctions

#US targets Hamas finances with new sanctions

The Treasury Department has imposed an additional round of sanctions aimed at Hamas.  Treasury’s Office of Foreign Assets Control (OFAC) said the latest rounds of sanctions will target eight Hamas officials and facilitators who have “perpetuate Hamas’s violent agenda by representing the group’s interests abroad and managing its finances,” according to a news release issued…

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#The Fed’s losses have passed 0 Billion: What’s next?

#The Fed’s losses have passed $100 Billion: What’s next?

There has just been a landmark event at the Federal Reserve: Its accumulated operating losses have passed $100 billion. This startling number, which would previously been thought impossible, was reported on Sept. 14, 2023, in the Fed’s H.4.1 Release. It is essential to understand that these are not mark-to-market paper losses; they are real cash…

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#Biden signs bill to raise debt ceiling

#Biden signs bill to raise debt ceiling

President Biden on Saturday signed legislation to raise the debt ceiling into 2025 and avert a default, marking a significant bipartisan accomplishment amid divided government in Washington, D.C. The president signed the bill just days before Treasury officials warned the department would run out of money to pay the nation’s bills, potentially triggering a recession…

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#How the IRS is trying to make tax filing day easier

#How the IRS is trying to make tax filing day easier

The due date to file a tax return this year is April 18 and it comes against the backdrop of some major structural changes in U.S. tax administration that have been a serious point of contention between Democrats and Republicans. But those changes, which will impact audits rates and help the government collect hundreds of…

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#Janet Yellen says she plans to remain as Treasury secretary

#Janet Yellen says she plans to remain as Treasury secretary

“Janet Yellen says she plans to remain as Treasury secretary” Treasury Secretary Janet Yellen on Wednesday said she “certainly” planned to stay on in her job for the duration of President Joe Biden’s term, dismissing speculation she was considering leaving after this month’s midterm elections. Yellen told an event hosted by the New York Times Dealbook she had no plans to…

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