Latest in U.s Treasury
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Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - 1d -
U.S. Surgeon General Calls for Cancer Warnings on Alcohol
Dr. Vivek Murthy’s report cites studies linking alcoholic beverages to at least seven malignancies, including breast cancer. But to add warning labels, Congress would have to act.The New York Times - 1d -
The Fallout from U.S. Steel
Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.The New York Times - 1d -
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.The New York Times - 1d -
U.S. Weighs Ban on Chinese Drones, Citing National Security Concerns
The Commerce Department requested that private companies comment on the implications of the rule by March. The final decision will fall to the Trump administration.The New York Times - 2d -
China Hits Dozens of U.S. Companies With Trade Controls
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.The New York Times - 2d -
Debate Over U.S. Sanctions on Russia For Ukraine War Intensifies
The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy.The New York Times - 2d -
U.S. Companies Vouched for China During Trump's First Term. Not Anymore.
American companies have largely gone silent about the importance of the U.S.-China relationship—they no longer see China as the land of opportunity.The Wall Street Journal - 2d -
Schiff's swearing-in sets record in U.S. Senate
Sen. Adam Schiff's (D-Calif.) swearing-in for a full six-year term in the upper chamber this week set a U.S. record, as the 119th Congress convened for the first time Friday. The Democrat from ...The Hill - 11h -
Eye Opener: Winter storm to hit much of U.S.
Millions of Americans are in the path of the first major winter storm of the year, which is expected to dump snow and ice and create dangerous conditions from the Central Plains to the East Coast. ...CBS News - 11h -
Treasury yields end higher after ISM’s stronger-than-expected manufacturing data
Yields on U.S. government debt finished slightly higher on Friday after a manufacturing-related reading showed signs of improvement for the struggling sector.MarketWatch - 1d -
U.S. braces for frigid temperatures, snow
Pittsburgh is already seeing snow and freezing temperatures as most of the U.S. prepares for a blast of cold air that promises extreme weather conditions for many Americans. CBS News Philadelphia's ...CBS News - 1d -
The Biggest U.S. Retailers Increased Their Dominance in 2024
Using distinct but overlapping business models, Amazon, Costco, and Walmart captured over half of recent growth in retailing, and are squeezing smaller rivals hard.Inc. - 1d -
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.CBS News - 1d -
Cold Snap to Grip Much of the U.S., Followed by Winter Storms
The Arctic air arrives this weekend and could linger into mid-January.The New York Times - 1d -
Trump announces new treasury and ambassador nominees
President-elect Trump announced several appointments for his Treasury Department and choices for ambassadors for two European countries. In multiple Thursday Truth Social posts, Trump outlined who ...The Hill - 1d -
Jimmy Carter's body will lie in state at U.S. Capitol
Memorial services honoring former President Jimmy Carter begin this weekend. His body will lie in state at the U.S. Capitol starting Tuesday following a public viewing in Atlanta, Georgia. CBS ...CBS News - 2d -
10-year Treasury yield ends not far from 7-month high as new trading year begins
Yields on U.S. government debt ended little changed on Thursday, leaving the benchmark 10-year rate near its highest level since late May.MarketWatch - 2d -
Broccoli sold by Walmart in 20 U.S. states recalled over listeria risk
Broccoli florets from California grower and sold at more than 1,000 Walmart stores are recalled because they could contain listeria.CBS News - 2d -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - 2d -
Here’s the Reason U.S. Auto Sales Could Accelerate in 2025
Reduced inventories of cars amid enduring supply chain limitations are finally expanding again, lowering prices for buyers, and fueling sales growth for dealers.Inc. - 2d -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - 2d -
How the Threat of Another Costly U.S. Port Strike Returned in 2025
Just three months after an October contract agreement, lingering conflicts between longshoremen and U.S. port operators mean a potentially disastrous strike could still happen.Inc. - 2d -
GOP lawmakers request Yellen briefing on Chinese hackers' Treasury breach
Republican lawmakers are swiftly urging the Treasury Department to provide answers on a recent cybersecurity attack from China that infiltrated various workstations, as outlined in ...The Hill - 2d -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - 2d -
Much of the U.S. bracing for a big blast of winter — and serious cold
A blast of Arctic air will send temperatures dropping across the eastern United States this week — and the frigid conditions could linger longer and expose millions to a prolonged and dangerous ...NBC News - 3d -
The attack was the deadliest in the U.S. in more than a year.
Less than a month ago, New York State authorities charged Luigi Mangione with an act of terrorism in the killing of a health care executive in a shooting in Midtown Manhattan.The New York Times - 3d -
U.S. beats Canada, wins group at world juniors
The U.S. scored a 4-1 victory over Canada to take the top spot in Group A at the world junior hockey championship on Tuesday.ESPN - 3d -
FBI disrupts alleged plot against pro-Israel U.S. group
Authorities said the Florida man arrested in the alleged plot had three firearms, including an AR-style rifle, with him when law enforcement stopped the vehicle he was in.CBS News - 3d -
Experts from U.S. join South Korea plane crash probe
Experts from the National Transportation Safety Board, Federal Aviation Administration and Boeing joined the probe into the South Korea plane crash that killed all but two of the 181 people on ...CBS News - 4d
