Treasury

The U.S. announced another series of sanctions against Russia Thursday, which include the world's largest diamond mining company and a Russian warship manufacturer.

Lawmakers squabbled over how quickly the economy can rebound from the coronavirus shutdown and whether the government is doing enough to support struggling families and businesses.

Steven Mnuchin, who took over a bank that failed because of bad home loans, argued before the Senate Finance Committee that his actions saved thousands of jobs.

The department has revised rules first issued in April, aimed at so-called tax inversions and earnings stripping. They involve companies moving their legal addresses and tax bills abroad.

It's a major step forward on a key portion of last year's nuclear deal with Iran, and is seen as a test case on doing business with that country. The planes will help modernize Iran's aging fleet.