Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.

News
U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader

A force fighting Sudan’s army in a brutal civil war committed massacres and rape that amount to genocide, the Secretary of State said. The United States sanctioned its leader and financial network.

News
U.S. Eases Some Restrictions on Humanitarian Aid to Syria

The authorization comes after rebels toppled the Syrian government last month and is intended to allow humanitarian groups to operate more freely without running afoul of U.S. sanctions.

News
U.S. Hits Chinese Cybersecurity Company With Sanctions After Breach

The agency imposed penalties on a company it blamed for supporting the Chinese hacking group Flax Typhoon in a 2022-23 infiltration.

News
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies

With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.

News
China Hacks the Treasury Dept., and a Hydropower Crisis

Plus, what you might be eating in 2025.

News
China Hacked Treasury Dept. in ‘Major’ Breach, U.S. Says

The department notified lawmakers of the episode, which it said was linked to a state-sponsored actor in China.

News
Biden Announces $2.5 Billion in Security Aid to Ukraine

The Treasury Department also released an additional $3.4 billion in budget aid as the Biden administration rushes assistance to Kyiv in its final weeks in office.

News
Yellen Issues Debt Limit Warning to Congress

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.

News
Enforcement of Anti-Money-Laundering Law Blocked After Court Reversal

Businesses will not have to reveal their owners after an appeals court reversed a move that would have forced them to disclose the information by Jan. 1.

News