US boosts alliance with the Philippines with $500 million funding and pact amid concern over China
MANILA, Philippines -- Washington’s top diplomat and defense chief announced $500 million in military funding Tuesday to boost Philippine defenses...
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UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election
Britain’s new Treasury chief is alleging that the previous government covered up the dire state of the nation’s finances, as...
In a reversal, Georgia now says districts can use state funding to teach AP Black studies classes
ATLANTA -- Georgia state Superintendent Richard Woods said Wednesday that the state will pay for districts to teach a new...
Amid tensions with China, some US states are purging Chinese companies from their investments
JEFFERSON CITY, Mo. -- As state treasurer, Vivek Malek pushed Missouri's main retirement system to pull its investments from Chinese...
EU sends first $1.6 billion from frozen Russia assets to Ukraine
The European Union says it had made 1.5 billion euros available to support Ukraine, the first tranche of money generated...
US banks to begin reporting Russian assets for eventual forfeiture under new law
NEW YORK (AP) — The Treasury Department ordered the nation’s banking industry to start disclosing its holdings of Russian assets on Tuesday, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy. The disclosure is required under a new law passed by Congress earlier this year known as the REPO Act, which gives the U.S. government the authority to seize Russian state assets held by U.S. banks, with the goal of eventually selling them and giving those funds to...
Kamala Harris smashes fundraising record with stunning $81 million haul over 24 hours
NEW YORK -- NEW YORK (AP) — Kamala Harris is smashing fundraising records as the Democratic Party's donors — big...
UK’s scrapped Rwanda migrant plan a ‘shocking waste’ of $904 million in public funds, minister says
The U_K_'s new home secretary says a scrapped plan by former British Prime Minister Rishi Sunak to send some migrants...
Britain’s Treasury chief vows to run the economy with ‘iron discipline’ amid demands for pay raises
LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
Treasury warns that anti-woke banking laws like Florida’s are a national security risk
The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm...
