The Treasury Department faces difficulties as it mounts a program to cut off funding to Islamic State (IS) terrorists that are currently raising “tens of millions” each month through oil sales, ransoming hostages, criminal activities, and donations from wealthy Islamist sympathizers.
Viacom is turning to former Democratic Rep. Howard Berman (Calif.) to help it navigate its business in Russia around the latest round of sanctions placed on Putin’s regime, according to Politico.
Watchdog group Judicial Watch sent a letter on Wednesday to the Internal Revenue Service calling for the withdrawal of a new proposal regarding nonprofit groups, calling the proposal a “plainly unconstitutional regulation that arbitrarily reverses 53 years of administrative and judicial precedent.”
A recently revealed memo from the Treasury Department indicates that owners of Fannie Mae and Freddie Mac common stock will not be able to access any future earnings from the mortgage giants, a previously undisclosed arrangement that experts say might violate securities laws and amount to a de facto nationalization of the companies.
Taxpayers are expected to lose $10 billion on the GM bailout, as the Treasury Department begins to sell off its remaining 101.3 million shares.
A top Treasury Department watchdog defended his investigation into the targeting of conservative groups by the Internal Revenue Service.
A senior al Qaeda bomb maker operating in Pakistan’s lawless tribal region was designated as a terrorist on Thursday by the Treasury Department.
The Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector, the department said on Monday.