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The multibillion-dollar marijuana industry could soon come out of the 'gray...
The Senate Appropriations Committee voted on Thursday to allow banks to provide financial services to legal recreational and medical marijuana dispensaries, according to The Denver Post.Marijuana is...
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An Iowa Congressman just proposed an idea that would cause a financial meltdown
The Pantheon of bad economic ideas proposed by members of the United States Congress is a crowded place.In recent years alone, bills that would result in the Treasury Department effectively defaulting...
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Treasurys are getting slammed
Yields of US government debt are spiking after the European Central Bank said it would not extend its bond-buying program earlier on Thursday.As of 2:15 p.m., the 10-year US Treasury yield is up around...
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The Treasury Department may have found a way to stop corporate inversions
To curb the trend of US companies moving abroad to avoid paying taxes, the Treasury Department announced final regulations targeting this practice on Thursday after months of hearing from corporations...
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Trump is reportedly considering JPMorgan CEO Jamie Dimon for Treasury secretary
President-elect Donald Trump is considering offering the post of Treasury secretary to JPMorgan CEO Jamie Dimon, CNBC's Kate Kelly is reporting.A lifelong Democrat, Dimon supported Barack Obama in 2008...
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ELIZABETH WARREN: Trump's team is full of lobbyists, Wall Streeters, and 'the...
Sen. Elizabeth Warren is attacking President-elect Donald Trump as a hypocrite based on his appointments to his transition team and possible members of his Cabinet.In a conversation with Jerry Seib,...
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The US has issued a license to France's Airbus to sell 106 planes to Iran
The U.S. Treasury Department has issued a license to France's Airbus for the sale of 106 commercial planes to Iran Air, Iran's flagship carrier, a source familiar with the matter said on Tuesday.The...
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Whitney Tilson on Trump's supporters: 'I think Donald Trump conned them'
Hedge fund manager Whitney Tilson said he was pleased that President-elect Donald Trump chose some Wall Street bankers to join his incoming White House administration.In an interview with Bloomberg on...
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Trump's Treasury nominee Mnuchin pledges to divest assets worth at least $94...
WASHINGTON (Reuters) - U.S. President-elect Donald Trump's nominee for Treasury Secretary, Steven Mnuchin, has pledged to divest at least $94 million worth of investments in 43 entities to avoid...
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The Treasury Department says it won't issue Exxon a waiver to work in Russia
The Treasury Department says it won't issue Exxon Mobil a waiver to work in Russia."In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to US companies,...
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US Treasury Department unit set to provide financial records in Trump-Russia...
A unit of the US Treasury Department that fights money laundering will provide financial records to an investigation by the Senate into possible ties between Russia and President Donald Trump and his...
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The Goldman Sachs executive picked to be Trump's deputy treasury secretary...
Jim Donovan, a Goldman Sachs executive, has withdrawn his name from consideration to be deputy treasury secretary, according to Politico's Ben White.Donovan was nominated on March 14 and was one of a...
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Ben Carson: US will be like 'ancient Egypt, ancient Rome' unless national...
Secretary of Housing and Urban Development Ben Carson said Thursday that the United States could face the same fate as ancient Egypt and Rome unless it finds a way to shrink the national debt."You go...
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Wall Street loves the Trump administration's plan to dismantle financial...
Wall Street is in love with the Trump administration's plan to cut regulations imposed after the financial crisis. The Department of the Treasury on Monday released a 150-page report, which suggests...
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ExxonMobil has been fined for an 'egregious' violation of Russia sanctions...
The Treasury Department has fined the oil and gas giant Exxon Mobil $2 million for violating US sanctions on Russia — and the violations occurred while Secretary of State Rex Tillerson was CEO of the...
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The $180 million conflict that kept Scaramucci out of the White House in...
Anthony Scaramucci is selling his fund of funds business to a Chinese conglomerate with ties to the government. The firm, the HNA Group, is facing an increasing number of questions at home and abroad,...
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Steve Mnuchin reportedly wanted to use a US Air Force jet for his honeymoon
Treasury Secretary Steve Mnuchin found himself in hot water over government travel for the second time in weeks, after ABC News reported that he requested use of a US Air Force jet for his...
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The Trump administration just revealed how it wants to make going public...
Fledgling companies with aspirations of going public got some good news on Friday.President Donald Trump and the US Treasury department published a report outlining how they want to make it easier for...
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The Treasury Department backs down on some of its criticism of China's...
The US Treasury Department moderated its criticism of China's foreign exchange policies, but highlighted its large bilateral trade deficit with the US.China does not actually match the Treasury's three...
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A Congressional hearing raises problems with one of the US's main tools to...
A recent US congressional hearing on the effectiveness of financially sanctioning criminal organizations illustrated some of the flaws in the practice and also provided suggestions for how to improve...
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