EXPLAINED: 22 | Vintage Vibes

Donald Trump loses fight to avoid to handing tax returns to Congress

Donald Trump has lost his fight to prevent his tax returns being handed over to a Democrat-led congressional committee.

Evening Standard · Nov 23, 2022

US, Allies to Set Russia Oil Price Cap in 'Next Few Days'

Washington and its allies are planning to finalize a price cap for Russian oil in "the next few days," as they seek to cut off a critical source of funding for Moscow, the US Treasury Department said Tuesday. The price cap would be the basis for a ban set to…

Asharq Al-Awsat · Nov 23, 2022

Supreme Court won’t halt release of Trump’s tax records to House committee

The House Ways and Means Committee has tried obtaining Trump's tax returns from the IRS for years.

Axios · Nov 22, 2022

Sixth Circuit Concludes ARPA Condition on COVID Relief Violates Spending Clause

The U.S. Court of Appeals for the Sixth Circuit concluded some state challenges to the COVID relief bill were not justiciable, but reaches the merits in one case and finds the law lacking.

Reason · Nov 19, 2022

Dutch, UK fentanyl sellers hit with Treasury sanctions

Two Dutch nationals, an Englishman and nine companies have been targeted for sanctions by the U.S. government for allegedly operating an illegal fentanyl ring that generated millions of dollars in virtual currency

The Independent UK · Nov 9, 2022

U.S. slaps sanctions on Burmese arms dealer, company

The United States imposed sanctions on Tuesday on a Burmese arms dealer and his company for facilitating arms deals and weapons purchases on behalf of Myanmar's military, the Treasury Department said.

Reuters · Nov 8, 2022

U.S. sanctions South African Islamic State-affiliated firms

The U.S. has imposed its second round of sanctions in less than a week on people and firms in Africa who it says have provided financial or material support to the Islamic State group

The Independent UK · Nov 7, 2022

Series I bond rates decline to still-high 6.89% ⁠— here’s how to buy them

If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The Treasury Department announced that I bonds will now pay 6.89% for a full six months on any bonds…

Tribune News Service · Nov 7, 2022

US Sanctions Oil Smuggling Network Supporting Iran's Quds Force

The United States on Thursday imposed sanctions on an international oil smuggling network it accused of supporting Lebanon’s Hezbollah and Iran's Quds Force, as Washington seeks to increase pressure on Tehran. In a statement, the US Treasury Department said it designated members of the network that facilitated oil trades and…

Asharq Al-Awsat · Nov 4, 2022

Russian hackers account for most 2021 ransomware schemes, U.S. says

Payment-seeking software made by Russian hackers was used in three quarters of all the ransomware schemes reported to a U.S. financial crime agency in the second half of 2021, a Treasury Department analysis released on Tuesday showed.

Reuters · Nov 1, 2022