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KPRC 2 News Today

The latest Houston news, weather and sports from KPRC 2.

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KPRC 2 News Today

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WALLY ADEYEMO


Yellen weighs costs of war on Russia's frozen assets

The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash, including Russia itself.

Finance heads urged to boost fight against food insecurity

Treasury Secretary Janet Yellen has urged world finance leaders to “get concrete” as they look for ways to combat a looming crisis over food insecurity around the globe that Russia’s war in Ukraine has made worse.

Yellen to see Ukraine PM, avoid Russians at global meetings

Treasury Secretary Janet Yellen plans to meet with Ukraine's prime minister during this week’s spring meetings of the International Monetary Fund and World Bank in Washington.

Yellen warns nations flouting Russia sanctions

U.S. Treasury Secretary Janet Yellen warns countries subverting sanctions imposed on Russia that they'll face consequences for their actions. "Sanctioning countries will not be indifferent to actions that undermine the sanctions," she said. (April 13)

news.yahoo.com

Live Updates | Russia-Ukraine War

A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions.

US, allies aim to force Russia to shift money away from war

A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine.

‘We will come and we will find you’: U.S. issues warning to anyone helping Russia bypass sanctions

The U.S. and international allies have imposed a barrage of punitive measures against Russia since the country launched its invasion of Ukraine on Feb. 24.

cnbc.com

Treasury: Most COVID rental aid went to low-income residents

The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants.

Full transcript of "Face the Nation" on February 6, 2022

On this "Face the Nation" broadcast, Senator Marco Rubio and former national security adviser H.R. McMaster join Margaret Brennan.

cbsnews.com
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Transcript: Deputy Treasury Secretary Wally Adeyemo on "Face the Nation," February 6, 2022

The following is a transcript of an interview with Deputy Treasury Secretary Wally Adeyemo that aired Sunday, February 6, 2022, on "Face the Nation."

cbsnews.com

It's likely to be a frustrating tax season, deputy treasury secretary says

The understaffed and overworked Internal Revenue Service is bracing for difficulties. COVID-19 relief, child tax credits and a backlog of 2020 returns will only complicate matters.

npr.org

Feds launch website for claiming part 2 of child tax credit

The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.

U.S. sanctions four Russian-linked actors for allegedly working to destabilize Ukraine

A day earlier, President Joe Biden said he expected President Vladimir Putin would invade Ukraine. Biden vowed that that move would be "a disaster" for Russia.

cnbc.com

US sanctions Ukrainian officials accused of helping Russia

The U.S. Treasury Department says it's levying new sanctions against four Ukrainian officials, including two current members of parliament who administration officials say are part of a Russian influence effort to set the pretext for further invasion of Ukraine.

Treasury broadens COVID relief uses for states, localities

President Joe Biden's administration is giving state and local governments greater flexibility in spending $350 billion in federal COVID-19 aid.

US issues sanctions, visa bans to mark Human Rights Day

The U.S. issued financial sanctions and visa bans on former and current government officials and entities in nine countries Friday — including China, Myanmar and Russia — as part of coordinated actions with Canada and the U.K. to coincide with International Human Rights Day.

U.S. sanctions will still have an impact despite the rise of crypto, Treasury’s Adeyemo says

Deputy Treasury Secretary Wally Adeyemo said on Tuesday the U.S. dollar will continue to be the world's dominant currency despite interest in cryptocurrencies.

cnbc.com

Attorney General Merrick B. Garland, Deputy Attorney General Lisa O. Monaco and FBI Director Christopher Wray Deliver Remarks on Sodinokibi/REvil Ransomware Arrest

A core priority of the Justice Department is to keep our country safe from all threats, foreign and domestic. In ransomware attacks, transnational cybercriminals use malicious software to hold digital systems hostage and demand a ransom. Six weeks later, on August 11, the Justice Department indicted Yaroslav Vasinskyi – also known by the online moniker, Rabotnik. Over the past seven months, the Justice Department has sharpened the tools at our disposal to investigate and prosecute ransomware attacks. Almost immediately after they were hit, Kaseya provided the FBI information they needed to act—and to act fast.

justice.gov
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Arizona won't stop using COVID money for anti-mask grants

Arizona Gov. Doug Ducey is defying a demand that he stop using federal coronavirus relief money to fund an education grant program that can only go to schools without mask mandates.

Taliban bans foreign currencies in Afghanistan

The country's economy is on the brink of collapse after the exodus of international support.

bbc.co.uk

Treasury says it needs to modernize its economic sanctions

The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world.

U.S. says Arizona can't use COVID-19 money just for schools without mask mandates

The Biden administration orders Arizona Gov. Doug Ducey to stop using the state's federal pandemic funding on a pair of new education grants that can only be directed to schools without the mandates.

npr.org

Arizona can't use COVID money for anti-mask grants, feds say

The Biden administration on Tuesday ordered Arizona Gov. Doug Ducey to stop using the state’s federal pandemic funding on a pair of new education grants that can only be directed to schools without mask mandates.

Biden administration targets ransomware payment ‘enablers’

The Biden administration is trying to choke the finances of criminal ransomware gangs by sanctioning a Russia-based virtual currency brokerage it says has been used by at least eight ransomware gangs to launder criminal proceeds.

Biden administration sanctions virtual currency exchange following spike in ransomware attacks

It's sanctioning virtual currency exchange SUEX for facilitating transactions for ransomware actors.

cbsnews.com

Judge Hidalgo, US deputy treasury secretary to discuss rental assistance program

Harris County Judge Lina Hidalgo and Deputy Treasury Secretary Wally Adeyemo held an event on Friday to highlight the city-county emergency rental assistance program.

Treasury Department gives out $6 billion to assist landlords and renters. More money is on the way

The Treasury Department announced on Friday that it's given out more than $6 billion to help renters and landlords struggling in the pandemic.

cnbc.com
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Treasury Department creates office to oversee virus relief

The Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession.

U.S. working with IMF to provide $650 billion in currency aid to countries hit by pandemic

The Treasury Department is working with the International Monetary Fund to help provide up to $650 billion in currency aid to countries hit hardest by the Covid-19 pandemic.

cnbc.com

Deputy treasury secretary nominee to focus on national security in confirmation hearing

Wally Adeyemo, President Joe Biden's nominee for deputy treasury secretary, is expected to focus on national security, including taking on China for unfair practices, during his Senate confirmation hearing. He also plans to draw on his experience having served as deputy national security adviser under former President Obama. "If confirmed, I have been asked by [Treasury] Secretary Yellen to work on a number of Treasury's national security priorities," Adeyemo is expected to say. Prior to being nominated to serve as deputy treasury secretary, Adeyemo also served as deputy director of the National Economic Council. If confirmed, Adeyemo would become the first African American to serve as deputy treasury secretary.

cbsnews.com

Watch live: Biden and Harris introduce key economic team members

President-elect Joe Biden and Vice President-elect Kamala Harris are set to introduce key members of their economic team Tuesday afternoon in Wilmington, Delaware. The Biden transition team announced picks for top economic posts on Monday. He previously served as chief of staff at the Consumer Financial Protection Bureau, deputy director of the National Economic Council and deputy national security advisor. The transition team has selected Princeton dean Cecilia Rouse, one of the nation's top labor economists, as chair of the Council of Economic Advisers. The transition team has not announced a selection for director of the National Economic Council, a role that is often considered the president's top economic advisor.

cnbc.com

Biden announces economic team, confirms Janet Yellen as Treasury nominee

President-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming administration's top economic posts. The transition team confirmed CNBC's earlier report that former Federal Reserve Chair Janet Yellen would be Biden's official nominee for Treasury secretary. "As Treasury Secretary, I will work every day towards rebuilding that dream for all." Macroeconomic and national security advisor Wally Adeyemo was nominated to serve as deputy secretary of the Treasury. If confirmed, Adeyemo would be the first African American deputy secretary of the Treasury.

cnbc.com
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