In a 4,600-word open letter to the Financial Crimes Enforcement Network of the U.S. Treasury Department that has gone viral, Twitter founder and Square, Inc. CEO Jack Dorsey ripped the proposed regulations of Bitcoin and other crypto-currencies.
U.S. Treasury Secretary Steven Mnuchin requested the return of $455 billion in coronavirus-related funding by the Federal Reserve on Thursday.
"It is inexplicable that the agency waited so long to reach out to this vulnerable population," Congressman Richard Neal wrote.
New York Rep. Hakeem Jeffries urged the federal government to show "maximum transparency" about its stimulus loan program to support small companies with their payroll costs.
"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Treasury Secretary Steven Mnuchin said in a joint statement.
"All eligible borrowers who need these funds should work with an approved lender to apply," read a joint statement from the U.S. Treasury Department and the Small Business Administration.
The U.S. Treasury will issue trillions of dollars in new debt to fund the massive coronavirus stimulus program. Who will buy it?
However, while the president singled out Harvard as an entity that should return the money, Harvard says the university received no funds from the Paycheck Protection Program, but rather through an allocation through the CARES Act.
Many people who expected to receive their stimulus money Wednesday were left wondering when they would get their payments, if at all.
The U.S. Treasury Department said its payment schedule for the stimulus checks is running on time with no delays.
The U.S. Treasury reportedly requested that the IRS add President Donald Trump's name to the paper stimulus checks due to be mailed out to American households.
The unprecedented decision will mark the first time in history that a president's name has ever appeared on an IRS disbursement.
The U.S. government added three Russians and five companies said to be linked to Moscow's security forces.
The Treasury Department sanctioned 271 scientists of Syria's Scientific Studies and Research Center for their "expertise in chemistry and related disciplines."
President-elect Donald Trump's pick to lead the Treasury was attacked for failing to promptly disclose he was a director of an offshore business vehicle domiciled in the Cayman Islands and owned more than $100 million in real estate.
The coin was unveiled by the U.S. Mint and Treasury, to mark the department's 225th year.
The leak provoked a global uproar over the hiding of wealth via offshore banking devices.
British businessmen also blacklisted for supporting Iranian airline.