The Department of Health and Human Services lacks the authority to bail out insurers through the transitional reinsurance program with taxpayer funds that were meant to go to the U.S. Treasury, according to a report from the Government Accountability Office.
Senior Republicans in the House said Friday they had “grave concern” over the Treasury Department’s announcement earlier this week that it had begun issuing licenses to aircraft manufacturers allowing the sale of passenger jets to Iran.
The U.S. government began granting licenses to aircraft manufacturers Wednesday morning allowing the sale of passenger jets to Iran as part of last summer’s landmark nuclear deal, according to aviation sources.
A member of the House Intelligence Committee is accusing the Obama administration of laundering some $1.7 billion in U.S. taxpayer dollars to Iran through a complicated network that included the New York Federal Reserve and several European banks, according to conversations with sources and new information obtained by the lawmaker and viewed by the Washington Free Beacon.
The U.S. Treasury Department on Thursday said that it expanded sanctions on Russia for its activities related to the conflict in Ukraine.
As the U.S. Treasury Department decides whether to license sales of Boeing Co and Airbus commercial aircraft to Iran, opponents of last year’s nuclear pact with the Islamic Republic have launched a lobbying campaign against the deals.
The Obama administration imposed sanctions for the first time Wednesday on North Korean leader Kim Jong Un for his alleged role in perpetuating widespread human rights abuses.
The federal government collected a record amount of taxes in the first 10 months of fiscal year 2015, exceeding $2.6 trillion in revenue, according to the latest monthly Treasury Department statement. Despite the record revenue, the federal government ran a deficit of $465 billion.