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US Doubles Down On Sanctions Against Ortega Regime
Tuesday, December 17, 2019 - 4:58pm | 376Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has added another family member to its growing list of sanctioned individuals close to Nicaraguan President Daniel Ortega. The agency placed Ortega's son, Rafael Antonio Ortega Murillo, and three companies on the Specially...
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Apple Dinged $466,912 For US Sanctions Violations
Tuesday, November 26, 2019 - 10:01am | 502Read More...Apple Inc (NASDAQ: AAPL) on Nov. 25 entered an agreement with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to pay a $466,912 civil penalty to settle violations of the Foreign Narcotics Kingpin Sanctions Regulations. Between Feb. 24, 2015, and May 9, 2017, Apple conducted...
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Richmond Fed Describes Its Role In Designing New $20 Bill
Wednesday, May 11, 2016 - 1:59pm | 435Read More...While by now many are aware Harriet Tubman's likeness will replace that of Andrew Jackson on the new $20 bill, however, what is less circulated is the role the Currency Technology Office (CTO) at the Richmond Fed will play in minting the new money. The CTO is working closely with the U.S....
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10 Best, Worst Cities by Credit Score
Tuesday, June 5, 2012 - 11:18am | 250Read More...With Europe having a sovereign debt crisis and the US fiscal cliff looming, what is the state of finances at the city-level? Here are the 10-best and 10-worst cities, courtesy of Experian. Keep in mind that the average credit score in the US is 748. Scores ranges from 501-990. Lots of love for the...
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Republican Leadership: U.S. Will Meet Obligations
Thursday, May 26, 2011 - 2:03pm | 167Read More...The Speaker of the House John Boehner stated on Thursday that the U.S. will meet its debt obligations. This echoes the statements Treasury Secretary Timothy Geithner made earlier in the week. The U.S. government hit the debt ceiling on May 16th, and the Treasury has had to take extreme measures to...
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The United States Will Never Default on Its Obligations
Wednesday, May 25, 2011 - 3:13pm | 282Read More..."The United States will never default on its obligations," Treasury Secretary Timothy Geithner said on Wednesday morning. According to ForexLive, at Politico's "Playbook Breakfast" Geithner tackled the topic of the debt ceiling, stating that he was fully confident that not only would congress...
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U.S. Government Sells More Citigroup, Shares Jump (C)
Wednesday, September 29, 2010 - 12:15pm | 123Read More...The federal government is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup (C). The government received these shares when it made its large $45 billion dollar investment in Citi. The Treasury had also agreed to a loss sharing agreement in the hundreds of billions...
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US Government Unveils Redesigned $100-Note
Wednesday, April 21, 2010 - 4:29pm | 263Read More...Officials from the US Department of the Treasury, the Board of Governors of the Federal Reserve System and the United States Secret Service unveiled the new design for the $100 note today. Although replete with advanced technology to safeguard against counterfeiting, the newly designed $100 note...
