#Us Treasury secretary

[telugutimesdigimedia]

US Finance Minister met Union Minister Nirmala Sitharaman

US Treasury Secretary Janet L Yellen has revealed that she intends to further tighten the sanctions imposed by Russia, which went to war against Ukraine. They said that their aim is to damage Russia's military and industrial systems. She came to Bengaluru to participate in the ongoing G-20 Finance Ministers and Central Bank Governors (FMCG) meeting. Met Union Finance Minister Nirmala Sitharaman.

[somethingusefulfromflorida]

You wanna know what really fucking bugs me? The only Secretary of the Treasury whose name I know is Steve Mnuchin, Donald Trump's corrupt little toady. I know this because every single dollar bill has the signature of the Secretary of the Treasury on it, and while most signatures are illegible caligraphic scrawls, Steve printed his name in block letters like a child. Nine out of ten bills I get as change have his name on them, clear as day, so I am consistently reminded of the nazi regime that destroyed us. I don't know George W. Bush's Secretary of the Treasury, I don't know Barrack Obama's, I don't know Joe Biden's, but I know trump's, and I can't even ignore it when I see it.

These bills will circulate for decades. People are going to collect them in the future. Someone is going to frame one and hang it on their wall as the first dollar they ever earned. It makes me so irrationally angry I could spit.

STeVen T: MNUChin with random capitalization as if he had to sound it out one letter at a time, fuckin ay...

[moodyseal]

Okay I know not everyone likes the fact that Lin Manuel Miranda was chosen to play Hermes in the PJO TV series but can we all agree that the fact that they cast the person who wrote a musical about Alexander Hamilton as the god of trade is objectively funny

[david-deactivated69420]

one day my brain will break in two and i’ll devote the rest of my life to chronicling american politics from 2015 to 2022ish.

[notayesmanseconomics]

Will the expanding US fiscal deficit derail things?

Last week I looked at the US economy noting its good GDP performance in 2023 and also the fiscal issue. The latter got a bit of an update as the week progressed. Here is the Congressional Budget Office. In CBO’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0…

[xtruss]

The US, The Scrotums Licker of the War Criminal Zionist 🐖 🐷 🐖 🐗” Has Imposed Sanctions on Two Entities That It Said Helped Raise Tens of Thousands of Dollars For Violent Illegal Isra-helli Settlers in the Illegally Occupied West Bank, the Treasury Department Announced on Friday.

Earlier this year, Washington Sanctioned five violent settlers and Two Illegal Outposts in the West Bank. One of the entities sanctioned on Friday, Mount Hebron Fund, launched an online Fundraising campaign that raised $140,000 for Illegal Settler Yinon Levi, according to Treasury, after he was sanctioned on 1 February.

Levi had led a group of Isra-helli Settlers who Sssaulted Palestinian Civilians and Burned their Properties and Agricultural Lands. The other entity, Shlom Asiraich, raised $31,000 for David Chai Chasdai, who Washington said initiated and led a violents riot in the Palestinian Town on Huwwara with Resulted in the Death of a Palestinian Civilian.

"Such acts by these organisations undermine the Peace, Security, and Stability of the West Bank. We will continue to use our tools to hold those responsible accountable," Deputy Secretary of the Treasury Wally Adeyemo said in the statement.

The Treasury also Sanctioned Ben-Zion Gopstein, founder of Right-Wing Group Lehava, which Opposes Jewish Assimilation With Non-Jews. It said Lehava's members "Have Engaged in Violence, Including Assaults on Palestinian Civilians."

[m-ultraarticles]

Treasury: America is on the path to default on the first of June

US Treasury Secretary Janet Yellen confirmed Monday that it is unlikely that the department will meet all US government debt obligations by early June, leading the United States to default for the first time in its history.In her second message to Congress in two weeks, she added that the debt ceiling could become binding by June 1. The new date reflects more data on revenue and payments since…

[timesofocean]

Microsoft to pay $3.3M to resolve violations of US export controls, sanctions

New Post has been published on https://www.timesoftehran.com/microsoft-to-pay-3-3m-to-resolve-violations-of-us-sanctions/

Microsoft to pay $3.3M to resolve violations of US export controls, sanctions

New York (The Times Groupe)- U.S.-based multinational technology corporation Microsoft is imposed a total of $3.3 million in civil penalties for its alleged and apparent violations of US export controls and sanctions laws, Treasury and Commerce departments said Thursday in a joint statement. ofac bis

According to the statement, Microsoft self-disclosed the alleged violations to the Commerce Department’s Bureau of Industry and Security (BIS) and the Treasury Department’s Office of Foreign Assets Control (OFAC).

It added that the tech firm cooperated with the joint investigation conducted by BIS and OFAC, and took remedial measures after discovering the conduct at issue, which predated the export controls and sanctions imposed in connection with Russia’s ongoing war in Ukraine.

While BIS imposed an administrative penalty of more than $600,000 on Microsoft involving its subsidiary Microsoft Rus LLC, or Microsoft Russia, the company also settled with OFAC and agreed to an almost $3 million civil penalty to resolve 1,339 violations of sanctions regulations involving Ukraine/Russia, Cuba, Iran, and Syria.

Microsoft was given a $276,000 credit by BIS, contingent upon Microsoft fulfilling its requirements under the OFAC settlement agreement, according to the statement.

“U.S. companies will be held accountable for the activities of their foreign subsidiaries,” said Assistant Secretary for Export Enforcement Matthew S. Axelrod. “As this coordinated resolution demonstrates, BIS and OFAC will work together to ensure that U.S. export control and sanctions laws are enforced effectively, wherever in the world the underlying conduct occurs.”

Employees of Microsoft Russia caused another Microsoft subsidiary to enter into or sell software licensing agreements that would allow the transfer or access to software on seven occasions between December 2016, and December 2017, said the Treasury.

OFAC Director Andrea Gacki said Microsoft’s case underscores the risks technology companies may face when engaging through foreign subsidiaries, distributors, and resellers.

[developerbruh]

Apple, Google Expanded Phone Production in India: US Treasury Secretary

United States Treasury Secretary Janet Yellen on Saturday said that technology companies like Apple and Google have expanded their phone production in India, and as the US looks forward to the future, she is eager to deepen ties in the technology sector.  United States Treasury Secretary Janet Yellen was speaking at the roundtable with US and Indian Tech Business Leaders in Bengaluru on the…

[batboyblog]

Things the Biden-Harris Administration Did This Week #28

July 19-26 2024

The EPA announced the award of $4.3 billion in Climate Pollution Reduction Grants. The grants support community-driven solutions to fight climate change, and accelerate America’s clean energy transition. The grants will go to 25 projects across 30 states, and one tribal community. When combined the projects will reduce greenhouse gas pollution by as much as 971 million metric tons of CO2, roughly the output of 5 million American homes over 25 years. Major projects include $396 million for Pennsylvania’s Department of Environmental Protection as it tries to curb greenhouse gas emissions from industrial production, and $500 million for transportation and freight decarbonization at the ports of Los Angeles and Long Beach.

The Biden-Harris Administration announced a plan to phase out the federal government's use of single use plastics. The plan calls for the federal government to stop using single use plastics in food service operations, events, and packaging by 2027, and from all federal operations by 2035. The US government is the single largest employer in the country and the world’s largest purchaser of goods and services. Its move away from plastics will redefine the global market.

The White House hosted a summit on super pollutants with the goals of better measuring them and dramatically reducing them. Roughly half of today's climate change is caused by so called super pollutants, methane, hydrofluorocarbons (HFCs), and nitrous oxide (N2O). Public-private partnerships between NOAA and United Airlines, The State Department and NASA, and the non-profit Carbon Mapper Coalition will all help collect important data on these pollutants. While private firms announced with the White House plans that by early next year will reduce overall U.S. industrial emissions of nitrous oxide by over 50% from 2020 numbers. The summit also highlighted the EPA's new rule to reduce methane from oil and gas by 80%.

The EPA announced $325 million in grants for climate justice. The Community Change Grants Program, powered by President Biden's Inflation Reduction Act will ultimately bring $2 billion dollars to disadvantaged communities and help them combat climate change. Some of the projects funded in this first round of grant were: $20 million for Midwest Tribal Energy Resources Association, which will help weatherize and energy efficiency upgrade homes for 35 tribes in Michigan, Minnesota, and Wisconsin, $14 million to install onsite wastewater treatment systems throughout 17 Black Belt counties in Alabama, and $14 million to urban forestry, expanding tree canopy in Philadelphia and Pittsburgh.

The Department of Interior approved 3 new solar projects on public land. The 3 projects, two in Nevada and one in Arizona, once finished could generate enough to power 2 million homes. This comes on top of DoI already having beaten its goal of 25 gigawatts of clean energy projects by the end of 2025, in April 2024. This is all part of President Biden’s goal of creating a carbon pollution-free power sector by 2035. 

Treasury Secretary Janet Yellen pledged $667 million to global Pandemic Fund. The fund set up in 2022 seeks to support Pandemic prevention, and readiness in low income nations who can't do it on their own. At the G20 meeting Yellen pushed other nations of the 20 largest economies to double their pledges to the $2 billion dollar fund. Yellen highlighted the importance of the fund by saying "President Biden and I believe that a fully-resourced Pandemic Fund will enable us to better prevent, prepare for, and respond to pandemics – protecting Americans and people around the world from the devastating human and economic costs of infectious disease threats,"

The Departments of the Interior and Commerce today announced a $240 million investment in tribal fisheries in the Pacific Northwest. This is in line with an Executive Order President Biden signed in 2023 during the White House Tribal Nations Summit to mpower Tribal sovereignty and self-determination. An initial $54 million for hatchery maintenance and modernization will be made available for 27 tribes in Alaska, Washington, Oregon, and Idaho. The rest will be invested in longer term fishery projects in the coming years.

The IRS announced that thanks to funding from President Biden's Inflation Reduction Act, it'll be able to digitize much of its operations. This means tax payers will be able to retrieve all their tax related information from one source, including Wage & Income, Account, Record of Account, and Return transcripts, using on-line Individual Online Account.

The IRS also announced that New Jersey will be joining the direct file program in 2025. The direct file program ran as a pilot in 12 states in 2024, allowing tax-payers in those states to file simple tax returns using a free online filing tool directly with the IRS. In 2024 140,000 Americans were able to file this way, they collectively saved $5.6 million in tax preparation fees, claiming $90 million in returns. The average American spends $270 and 13 hours filing their taxes. More than a million people in New Jersey alone will qualify for direct file next year. Oregon opted to join last month. Republicans in Congress lead by Congressmen Adrian Smith of Nebraska and Chuck Edwards of North Carolina have put forward legislation to do away with direct file.

Bonus: American law enforcement arrested co-founder of the Sinaloa Cartel, Ismael "El Mayo" Zambada. El Mayo co-founded the cartel in the 1980s along side Joaquín "El Chapo" Guzmán. Since El Chapo's incarceration in the United States in 2019, El Mayo has been sole head of the Sinaloa Cartel. Authorities also arrested El Chapo's son, Joaquin Guzman Lopez. The Sinaloa Cartel has been a major player in the cross border drug trade, and has often used extreme violence to further their aims.

[ephemeral-winter]

once again i find myself resenting the fact that in order to be an informed citizen i must learn what a “debt ceiling” is

[sagelasters]

barbados is a mindset

“Yes. You are now in Barbados. And so… you see Barbados, and you see America from Barbados, and you can smell the tropical land of Barbados, see only the little homes of Barbados, and that’s all you do. You just simply sleep this night in Barbados.” - Abdullah tells Neville.

Before Neville Goddard knew of the law and practiced it, his country was plunged in a state of instability. Poverty runs rampant as the global stock market crashes, sparking panic and leaving many penniless. Neville explained the vivid details of homeless people scattered all over tunnels and city square, eyes void of hope for the future. He was unemployed just like millions of others, his career as a dancer wasn’t enough to support his living. Neville lived in a basement for years with little to no income until one day, he met his friend, Abdullah. 

Abdullah was well-off and is the son of the US secretary of the Treasury, who served under the 32nd president. The differences between them were large and Neville was aware of it. He confided in his friend and told him that he has this haunting desire to visit Barbados again. The only thing that was stopping Neville though, was the lack of money. In which Abdullah says, 

“You are in Barbados.”

Of course, Neville thought he was nuts but the man decided to try and assume that he was in Barbados. That night, he went to sleep thinking that he would wake up in Barbados, only to be disappointed that he woke up in the cold basement he called his home. Neville would come back and tell Abdullah that it didn’t work, only for the latter to ignore him. Despite that Neville kept persisting and on the morning of December, he got a letter from his older brother asking him to visit his family in Barbados – his brother had paid a third class ticket. Excited, Neville told Abdullah that he is going to Barbados however, his friend was unimpressed. Abdullah told Neville that he wasn’t boarding a third class ticket, he was going to go there with a first class ticket. 

And guess what? When Neville gave his ticket to the clerk by the desk as they’re checking in passengers, they told him that someone canceled their first class ticket, therefore a spot was available for him. 

Abdullah ignored Neville when he said ‘it didn’t work’ because it did work, if Neville was assuming that he was in Barbados, they wouldn’t be having this discussion about him not being there. What can you take from this story? I would say that unfortunate circumstances don't matter, especially when we see how bad and dire Neville’s financial situation was. Come on, he was in a country torn apart by war and poverty, yet he was still able to visit Barbados. Neville didn’t think of how he’d get there, he just simply assumed that he was there, and his 3D reality follows right after. 

Barbados is a mindset. If you can imagine yourself having it and then accept that it is yours, you’re at the end. Your assumption is the fetus, continue nourishing it with beliefs and affirmations – let that child grow and become. If you drop your assumption that basically means you’re neglecting the fetus, and it will eventually die from starvation. 

It doesn't matter if you have no money, it doesn't matter if you're in an abusive situation, it doesn't matter that you barely have a roof over your head. You are already in Barbados, tune into your inner man and bask in that.

EDIT: My apologies for getting the information mixed up. Abdullah is not the son of US secretary, rather he lived in a house that was rented by the latter. Sorry for the confusion!

[follow-up-news]

The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed rule and guidance announced Monday includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes. Biden administration officials said after evaluating the practice that there are no economic grounds for these transactions, with Deputy Treasury Secretary Wally Adeyemo calling it “really just a shell game.” The officials said the additional IRS funding provided through the 2022 Inflation Reduction Act had enabled increased oversight and greater awareness of the practice. “These tax shelters allow wealthy taxpayers to avoid paying what they owe,” IRS commissioner Danny Werfel said. Due to previous years of underfunding, the IRS had cut back on the auditing of wealthy individuals and the shifting of assets among partnerships and companies became common. The IRS says filings for large pass-through businesses used for the type of tax avoidance in the guidance increased 70% from 174,100 in 2010 to 297,400 in 2019. However, audit rates for these businesses fell from 3.8% to 0.1% in the same time frame. Treasury said in a statement announcing the new guidance that there is an estimated $160 billion gap between what the top 1% of earners likely owe in taxes and what they pay.

[allthegeopolitics]

Pro-Israel advocacy groups have filed a lawsuit against the Biden administration over sanctions issued against individuals involved in settler violence in the occupied West Bank.  The plaintiffs, who filed the lawsuit in Amarillo, Texas, are composed of two NGOs, Texans for Israel and the Israeli nonprofit, Regavim, as well as two dual US-Israeli citizens who live in the West Bank. The defendants named in the lawsuit include the US Department of Treasury; US Department of State; Department of Homeland Security; Office of Foreign Assets Control; Financial Crimes Enforcement Network; and their department chiefs, including Secretary of State Antony Blinken and US Secretary of the Treasury Janet Yellen. In February this year, Biden filed an executive order allowing federal agencies to impose financial sanctions and visa restrictions against individuals who attack or intimidate Palestinians and destroy or dispossess Palestinians of their property.

Continue Reading.

[notayesmanseconomics]

The US Economy is a story of the magnificent 7, fiscal deficits and contradictory employment estimates

We have seldom been in a time where there has been so much confusion and uncertainty about the US economy. We came into 2024 with the Conference Board leafing indicators having suggested a recession on the cards and then saw that annual economic growth had been around 3%. More recently the two surveys for the labor market numbers have completely different numbers with the Establishment survey…

[xtruss]

North Atlantic Terrorist Organization’s (NATO’s) Outreach In Asia Exposes US’ Selfishness; Will Further Divide Group

— Zhao Yusha | July 09, 2023

Japan, The First Feeder of NATO in Asia. Cartoon: Vitaly Podvitski

Rifts within the NATO alliance over the potential expansion of the bloc's presence in Asia Pacific ahead of the NATO summit next week have been exposed by strong opposition from French President Emmanuel Macron. Chinese experts believe NATO's intention to extend its tentacles into Asia Pacific region not only exposes the selfish purpose of the US, which plays a central role in the alliance, to impose its own hegemonic intention over other NATO members' interests, but will further divide the group as in Europe, France may not stand alone in its opposition.

This year marks the second consecutive year that leaders from both Japan and South Korea will attend the summit. Observers see it as a sign that the two countries are seeking closer ties to better coordinate Washington's strategic moves to contain China. Such a "short-sighted" move will surely trigger China's strong opposition and result in regional countries' heightened vigilance.

NATO leaders will meet in Vilnius, capital of Lithuania from Tuesday to Wednesday. This summit is earmarked as a moment for making progress on the plan to open a liaison office in Japan, which would represent the organization's first outpost in the region.

Japanese Prime Minister Fumio Kishida, who is scheduled to participate in the summit for the second year in a row, will use the opportunity to stress the need for relations between Japan and NATO to be stronger, Japanese Chief Cabinet Secretary Hirokazu Matsuno said on Friday.

NATO allies are in discussion about a possible statement with four Indo-Pacific countries - Japan, South Korea, Australia and New Zealand - that would set out deeper cooperation and reiterate that security in Europe is interlinked with security in the region, Bloomberg quoted a senior European diplomat as saying on Saturday.

However, according to a report from Politico, Macron has voiced strong opposition, expressing concerns that opening a liaison office in Japan would shift NATO's focus too far from its original mandate in the North Atlantic.

Europe ‘Japanizing’ its US policy could backfire!

"We are not in favor as a matter of principle," stated an official from the Elysée Palace during a press briefing on Friday. The official further emphasized that the Japanese authorities themselves have not expressed significant interest in the proposed office.

Chinese experts said that French opposition may postpone NATO's move, but it may not be able to deter the alliance's growing tendency of getting more involved in Asia-Pacific matters.

There is a wide consensus within NATO that the alliance should focus primarily on transatlantic security. However, to serve its global hegemonic purpose, the US, who takes center stage of the alliance, is pushing for the organization to shift to the Asia-Pacific region, mainly to contain China, Li Haidong, a Professor at the China Foreign Affairs University, told the Global Times on Sunday.

The US and other NATO members are divided over whether to expand its role in Asia, said Li, pointing out that amid the background of the ongoing Russia-Ukraine conflict, some European countries are worried that such a move will dilute the organization' attention on the crisis.

Speaking during a special session at the IISS Shangri-La Dialogue in Singapore last month, NATO's assistant secretary-general for defense policy and planning Angus Lapsley said that the alliance does not wish to operate or expand in the Indo-Pacific, but it wants to be involved and engaged in the region to gain a better understanding of happenings in this part of the world, the Straits Times reported.

Pushing NATO to extend its role into Asia Pacific not only exposes the US' selfishness of imposing its own hegemonic goals over other members' national security, it will also risk dividing the alliance, as some NATO members may be reluctant to follow suit, Song Zhongping, a Chinese military expert and TV commentator, told the Global Times.

It would be a "very hostile move" to open a liaison office in Japan, Chinese experts said. The discussion comes at a time when the US is seeking to keep high-level communication lines open with China as US Treasury Secretary Janet Yellen just concluded her visit to China, who noted that the US does not seek to "decouple" from China.

At the same time that US’ Braindead Politicians are uttering sweet words to assure China that US is not to seek decoupling from Beijing, on the other hand, it is sparing no effort to marshal its allies to counter China in the region. These self-contradictory moves are deeply disturbing, Li said. He noted that these actions reveal a lack of sincerity and credibility by Washington to fix China-US relations.

US Vassals

Leaders from South Korea and Japan will hold a meeting on the sidelines of a NATO summit in Lithuania 🇱🇹 next week, South Korea's presidential office said on Sunday.

Similar to Japan's eagerness to welcome NATO to expand to Asia Pacific, South Korea, which is leaning more closely toward the US, is also allying itself closer to US-led small cliques in order to counter China.

Song pointed out that a meeting between Kishida and South Korean President Yoon Suk-yeol is set to further mend disputes between two countries and forge closer military ties to better serve Washington's goal of a trilateral alliance in the region. However, Song said different from Japan's taking proactive gesture of welcoming NATO, South Korea to some extent has been hijacked by the US to serve the latter's interest.

In January, Jens Stoltenberg, Secretary General of NATO, urged South Korea to "step up" military support for Ukraine, citing other governments that have changed their policies on exporting weapons to Ukraine. Ever since the start of the Ukraine war, pressure has been building on Seoul to send its arms to Kiev, from the US, UK and EU member states.

Lü Chao, an expert on the Korean Peninsula at the Liaoning Academy of Social Sciences, described South Korea and Japan's attaching themselves to the US' chariot as a "short-sighted and dangerous" move, as standing at the front line of US containment of China will also put themselves on the front line of China's countermeasures.

Moreover, inviting extraterritorial military alliances into the Asia-Pacific region arouses heightened vigilance by regional countries, which crave stability, Lü said.

Speaking in June at a graduation ceremony for students, Cambodian Prime Minister Hun Sen said, "NATO only exists in the West, and now it seems to be involved in the Asia-Pacific region in various activities, bringing concerns for ASEAN," Cambodian media reported.