If Rachel Reeves is going to try & reform the Treasury then all well & good (the Treasury mindset has been a major impediment to progressive economic policy for decades)... but if she is merely going to strengthen it, then whatever her own views on how economic policy should be (re)formed, the forces of orthodox & conservative fiscal economics will ensure that the UK's chances for economic revival are stymied!
The #NHS is slipping ever further into deficit... the #Treasury has required 'efficiency gains' in return for more cash this winter, there is a new #Coronavirus variant gaining ground (and causing a growth in hospitalisations).... and still, the #Tories won't make a serious attempt to resolve the #doctors' strike... the wreckers are having one more go before the #election.
#NHScrisis is not an accident, its smiling be-suited engineers sit in Downing St.
Trump is insolvent. Trump needed $225 million to not lose everything. A little-known bank came to the rescue.
Trump has hundreds of millions in loans coming due. He is more than $1.3 billion in #debt. In February 2022, the accounting firm that had worked for him for two decades dropped Trump and advised against relying on his “statement of financial condition,” a metric banks use to evaluate the risks of a loan.
Unless he found a new lender, Trump’s business could have been in jeopardy. He lives on debt.
This is a participation loan meaning the money could be from Putin. #FinCEN needs to look at the closing and the wires and trace every dime.
New EV rebate rules from the US Treasury Department
"consumers can choose to transfer their new clean vehicle credit of up to $7,500 and their previously owned clean vehicle credit of up to $4,000 to a car dealer starting January 1, 2024. This will effectively lower the vehicle’s purchase price by providing consumers with an upfront down payment" https://home.treasury.gov/news/press-releases/jy1783
— #EV#tax#Biden#IndustrialPolicy#treasury#trade
Hmmm... the BBC is reporting (the Times reporting) that Lord Maude's review of the #civilservice may recommend the breaking up of the #Treasury in the interests of Govt. efficiency
This may all be tittle-tattle, but it would be an interesting turf war if that was to be proposed by Maude & in a new Labour Govt. #RachelReeves to the view that the Treasury's influence on policy was malign.... but then again, given her declared 'fiscal probity' she might well take the side of the Treasury...
The #UnitedStates will impose sanctions on Iran’s missile & drone program, as well as entities supporting the Iranian regime or military, #NationalSecurity adviser Jake Sullivan announced late Tues.
Earlier in the day, #Treasury Secretary Janet Yellen said additional sanctions on Iran would be forthcoming in retaliation for its attack against Israel over the weekend.
Hmmm... the UK Parliament's Public Accounts Committee is concerned that over the last decade or so the #Treasury has not been forthright enough in its #bondmarket dealings to ensure the UK's public debt is issued at the cheapest rate(s) possible...
in other words, the PAC suspect buyers of public debt have been rigging the market to increase the yield (and this cost of the public debt to the state).
With public finances strained & high levels of debt, this is more than just a technical issue!
US Treasury Press Release: Treasury’s Office of Foreign Assets Control (OFAC) designated two cybersecurity experts affiliated with the Islamic State of Iraq and Syria (ISIS) for providing ISIS leadership and supporters with cybersecurity training, enabling their use of virtual currency, and supporting the terrorist group’s recruitment. Additionally, OFAC designated an ISIS financial facilitator involved in transferring funds to ISIS-affiliated individuals in Syria.
🔗 https://home.treasury.gov/news/press-releases/jy2056
I just thought of the time a group of us from the #DotCom I worked at (#ChamberBiz) were walking across Pennsylvania Avenue in front of the #Treasury building and a couple of #SecretService uniform cops drove by us.
One looked very young and Adam, from Boston, said, "Hey look, it's #KinderCop", and some of us laughed.
That cop stopped and used the "what'd you say?" intimidation tactic, which worked on Adam.
I wonder what/if Adam thinks of that, especially in a context of privilege, and #BLM?
The Treasury Department imposed penalties on Petr Aven, Mikhail Fridman, German Khan and Alexey Kuzmichev, billionaires behind the Alfa Group financial services conglomerate.
Archer-Daniels-Midland (ADM), an American agricultural giant, has a close partnership in Russia with Aston Foods, a major Russian agribusiness a new #hntrbrkmedia
investigation revealed may be complicit in the theft of grain from occupied Ukrainian territories.
U.S. imposes sanctions on prominent Russian financiers with ties to West (www.washingtonpost.com)
The Treasury Department imposed penalties on Petr Aven, Mikhail Fridman, German Khan and Alexey Kuzmichev, billionaires behind the Alfa Group financial services conglomerate.