#The Treasury Department

Iran and Venezuela strike oil deal amid US sanctions

Iran and Venezuela have struck an oil deal amid U.S. sanctions on the countries, five people with knowledge of the deal told Reuters. Petróleos de Venezuela (PDVSA) and National Iranian Oil Company (NIOC) struck the deal that is set to last for six months but could be extended longer, one person told the outlet.
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Arkansas Online

States, cities step up rental-assistance payments

Almost a month after a federal eviction moratorium ended, the Treasury Department said Friday that states and cities distributed money for nearly 1.4 million payments in August and the pace picked up from the month before. More than 16.5% of the federal rental assistance reached tenants last month, compared with...

Too Big to Disappear

Slate Plus members get ad-free versions of all Slate podcasts, plus extra segments, bonus episodes, and more. Try it today for just $1. Please enable javascript to get your Slate Plus feeds. Episode Notes. This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk about the precarious position of the...

Most rental aid went unspent in August, sparking Treasury warning

The Treasury Department said Friday that state and local officials had disbursed less than 17 percent of federal rental aid as of the end of August as bottlenecks continued to plague the $46.5 billion eviction prevention program eight months after its creation. The report came as Treasury warned program recipients...

Biden picks strong Bitcoin critic Saule Omarova to head OCC

U.S. President Joe Biden has finally revealed his pick to run the Office of the Comptroller of the Currency (OCC). Biden nominated Saule Omarova on Thursday, a former policy advisor to the Treasury Department, whose strong criticism for big banks and digital currencies is already causing panic among some of Wall Street’s biggest names.

Wilhelm: Remembering the works of Dr. Seuss

For years now, these columns have been devoted to local history and hopefully stirring memories for longtime local residents. Some might argue this week’s effort breaks from the theme. I would disagree with a big smile. Friday was the 30th anniversary of the death of Theodore Geisel, more readily known...

Coin Can’t Save US from Debt Crisis

Another US debt crisis looms because Congress has yet to authorize an increase in the national debt ceiling. It isn’t the first time such a crisis has occurred and, alas, probably won’t be the last as reconstitution of America’s fiscal constitution seems unlikely anytime soon. In fact, if Paul Krugman...

Less Than 17% Of Rental Aid Distributed By August, Treasury Says

State and local officials disbursed less than 17% of the funds allocated for pandemic rent assistance by the end of August, the Treasury Department announced Friday. Officials have disbursed $7.7 billion of the $46.5 billion in funds allocated to the Emergency Rental Assistance (ERA) program meant to aid those at risk of eviction, the Treasury Department said in a statement.

Democrats Refuse to Shift Focus to Debt Limit, Push Ahead with Socialist Tax & Spending Spree – House Budget Committee

During today’s mark-up of the Democrats’ multi-trillion-dollar tax and spending spree, House Budget Committee Republican Leader Jason Smith (MO-08) offered Committee Democrats an opportunity to temporarily postpone the markup until Monday, September 27th so that the majority would have time to draft an amendment to their Fiscal Year 2022 budget resolution to allow for Democrats to raise the debt limit through reconciliation. This follows a letter sent yesterday by Smith to House Budget Committee Chairman John Yarmuth (KY-03) calling on Democrats to use today’s mark-up to amend their Fiscal Year 2022 budget resolution to address the debt limit.

Suex OTC: US ​​government issues first sanctions against cryptocurrency exchange

The US government is now getting serious after the initial announcement of sanctions on cryptocurrency payments related to ransomware attacks. The US Treasury Department has now imposed the first sanctions on the Russian cryptocurrency marketplace Suex OTC, as it works directly with ransomware groups. That goes out an announcement by the Treasury Department emerged.

A federal program aimed at halting evictions is showing signs of improvement.

The number of low-income renters at immediate risk of losing shelter remained relatively low in the month since the Supreme Court struck down a national eviction moratorium, as a troubled $46.5 billion federal rental aid program showed signs of kicking into high gear. The Treasury Department disbursed more than $2.3...