Treasury Department

As The Puerto Rico Lawsuits Begin "A Bankruptcy Is A When, Not An If"

On Tuesday Puerto Rico and its federal financial oversight board were flooded with the first lawsuits from stakeholders, with more expected in the coming days, which could ultimately push the insolvent U.S. territory into bankruptcy, and in fact prompting one analyst to conclude that "I continue to think bankruptcy is a when, not an if."

Big Brother Is Still Watching You: Don't Fall For The NSA's Latest Ploy

Supposedly the NSA is going to stop collecting certain internet communications that merely mention a foreign intelligence target. Privacy advocates are hailing it as a major victory for Americans whose communications have been caught in the NSA’s dragnet. If this is a victory, it’s a hollow victory. Here’s why...

The Real Barack Obama Is Finally Exposed To Everyone

"Denial is an extremely powerful thing, and tens of millions of Democrats were completely bamboozled by Obama due to their personal obsession with the man. This is precisely why cult of personality worship is so dangerous and counterproductive when it comes to politics."

US Sanctions 271 Syrians, Freezes Their US Assets

Two weeks after launching missile strikes on Syria, the U.S. Treasury announced it has sanctioned 271 employees of Syria's Scientific Studies and Research Center in response to the alleged sarin attack conducted by the Assad regime on Kahn Sheikhoun.

Frontrunning: April 20

  • White House to risk shutdown as Trump searches for “win” (Politico)
  • Saudi Minister Wants OPEC Oil-Production Deal Extended, Perhaps for Less Than 6 Months (WSJ)
  • Russia denies Reuters report think tank drew up plan to sway U.S. election (Reuters)
  • Fed's Kaplan: Three rate rises this year 'still a good baseline' (Reuters)
  • Ex-Arconic CEO Sent Vague Threat to Hedge-Fund Boss (WSJ)

Exxon Seeks Russian Sanctions Waiver To Work With Rosneft

Just as the "puppet of Putin" narrative had gone quiet - following Trump's Tomahawk-ing a largely abandoned airfield in Syria - it appears the Russia-linkages stories are about to get restarted. WSJ reports that Exxon Mobil has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft.

Frontrunning: April 17

  • Trump’s Renewed Focus on Health Bill Vexes GOP Tax Strategy (WSJ)
  • Wall Street banker Cohn moving Trump toward moderate policies (Reuters)
  • Trump Rejects Protests Over Tax Returns (WSJ)
  • Merkel Calls on Erdogan to Open Talks in ‘Deeply Split’ Turkey (BBG)
  • Turkish Opposition Plans Challenge to President Erdogan’s Referendum Victory (WSJ)

US Preparing Sanctions Against Syria

Just hours after unleashing a missile strike on Syria, Steven Mnuchin announced that the US will announce sanctions “in the near future” against the Assad regime. 

Jamie Dimon Warns "Something Is Wrong" With The US

"Our problems are significant, and they are not the singular purview of either political party. We need coherent, consistent, comprehensive and coordinated policies that help fix these problems. The solutions are not binary – they are not either/or, and they are not about Democrats or Republicans."