The regulations were meant to prevent dollar transfers to corrupt actors. But they have ended up harming ordinary Iraqis who need U.S. currency for legitimate purposes.
Tag: Treasury Department
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War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
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Yellen Confronts Russian Officials at G20 Meeting
In a private session, Treasury Secretary Janet L. Yellen said the Russians were “complicit in Putin’s atrocities,” according to remarks shared by a U.S. official.
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U.S. Could Default on Debt as Early as Summer, New Estimate Says
The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.