Trump Leaves Biden Administration a Parting Gift in Currency Wars
The Treasury’s decision to label both Switzerland and Vietnam currency manipulators was unusual—and leaves the Biden administration with some tough choices to make.
U.S. Halts Some Foreign Assistance Funding to Ethiopia Over Dam Dispute with Egypt, Sudan
Some U.S. officials fear the move will harm Washington’s relationship with Addis Ababa.
U.S. Slaps Sanctions on Xinjiang’s Vast Paramilitary Settler Corps
Beijing is likely to react strongly to the first targeting of high-level officials and a government body.
Trump Mulls Withholding Aid to Ethiopia Over Controversial Dam
The massive Ethiopian dam is a flash point for tensions in Africa—and is now sowing confusion and discord within the U.S. government, with many officials concerned Washington is too much in Egypt’s corner.
The EU’s Dirty Money Blacklist: North Korea, Syria, and… Puerto Rico?
In the latest showdown between Brussels and Washington, the U.S. Treasury Department instructed American banks to ignore new EU anti-money laundering directives.
Sanctions Against Sudan Didn’t Harm an Oppressive Government — They Helped It
The end of economic isolation hasn’t brought a financial windfall or more freedom. Instead, the regime is as strong as ever while ordinary people suffer.
OFAC Off
The European Union needs to defend its economic sovereignty from U.S. overreach. Creating its own agency for sanctions enforcement would be a start.
How Europe Can Block Trump
After Washington exits the Iran deal, U.S. secondary sanctions could harm European companies. EU leaders should retaliate by reviving a tool used successfully in the 1990s.
Washington Strikes Back Against Chinese Investment
A new bill moving forward on Capitol Hill would expand regulators' ability to block Chinese acquisitions — and U.S. ventures abroad.
U.S. Government Faces Critical ‘Brain Drain’ of Sanctions Experts
Departure of top sanctions official prompts new concerns.
The Lights Are on at the Committee on Foreign Investment in the United States, but Nobody Is Home
The committee charged with protecting national security from risky foreign investments is understaffed and besieged by a surge in cases.
Trump’s Renewed Russia Sanctions Look A Lot Like Obama’s
New measures target Russian officials and a martial arts training firm linked to a pro-Putin biker gang.
Trump Treasury Nominees Aren’t Partial To IMF Bailouts
That doesn’t bode well for Greece, which appears to be hurtling toward another default.
The Wrong Move on Russia Sanctions Could Have Dire Consequences for the U.S.
The greatest national security tests Trump will face are yet to come.
Main Street Champion Trump Turns to Wall Street to Fill Treasury Post
Trump is reportedly considering two Wall Street insiders for the top job at Treasury.
U.S. Treasury Hits Russia With More Sanctions Over Ukraine
The new penalties come as Russian troops conduct military drills on the border with Ukraine.
The U.S. Slaps Joseph Kony’s Kids With New Financial Sanctions
The infamous LRA warlord and his sons still have not been caught.
The Puerto Rico Rescue Is Going to Be a Tough Sell To Opponents
The House and White House now have to win over those opposed to providing Puerto Rico debt relief.
Thank ‘Hamilton’ for Keeping Alexander Hamilton on the $10 Bill
Harriet Tubman will replace Andrew Jackson on the $20 bill.
Top Treasury Official Warns Against Over-Reliance on Sanctions
Though the Obama administration has often resorted to financial sanctions to coerce foreign adversaries into better behavior, a top Treasury official warned Friday that overusing the measures risks damaging the long-term vitality of the U.S. economy and the economies of friendly nations.
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