U.S. Sanctions Syrians Linked to Alleged Atrocities

WASHINGTON—The U.S. Treasury Department levied sanctions against five senior Syrian security officials and eight prisons accused of committing human-rights abuses, the start of what the Biden administration says will be its campaign to hold the Assad regime accountable for war crimes. Wednesday’s

Retailers Have Back-to-School in the Bag

After more than a year of on-and-off Zoom schooling, parents have a fair bit of back-to-school shopping to do as children return to classrooms. Retailers—both last year’s winners and laggards—will need it. School districts in many parts of the U.S. are mandating

U.S. Sanctions Cuba Over Protest Crackdown

The Biden administration imposed new sanctions against a top Cuban military official and a special police unit on Thursday and warned of more sanctions ahead, accusing the government and its agents of violence, repression and human-rights violations against peaceful protesters. The Treasury

Low-Income Lending Rules Set for Broad Overhaul

Top U.S. banking regulators are expected as early as Tuesday to commit to jointly modernize rules governing how banks lend hundreds of billions of dollars annually in lower-income communities, according to people familiar with the plans. At the same time, officials are

Democrats' Budget Would Finance Sweeping Clean-Energy Plan

The $3.5 trillion budget plan from congressional Democrats would finance a far-reaching transition to cleaner power, but it is expected to face opposition from parts of the energy industry and their industrial customers over provisions likely to raise their costs. The plan

Infrastructure Talks Stall Over Expanded IRS Powers

WASHINGTON—Disagreements over expanding the Internal Revenue Service have snarled lawmakers’ efforts to firm up their roughly $1 trillion bipartisan infrastructure agreement before an initial vote next week gauging the deal’s support. In an hourslong meeting Thursday afternoon with White House officials, Republicans

ServiceMax to Go Public in $1.4 Billion SPAC Deal

ServiceMax has agreed to merge with a special-purpose acquisition company in a deal that will take the maker of software for field-service technicians public, officials from the companies said. The software company—whose current owners include private-equity firm Silver Lake, General Electric Co.

Senate Confirms Nellie Liang to U.S. Treasury Post

Nellie Liang will manage the federal debt at a time when the Biden administration is proposing trillions of dollars in new spending. Photo: Rod Lamkey – Cnp/Zuma Press Updated July 15, 2021 12:15 pm ET WASHINGTON—The Senate confirmed former Federal Reserve economist

Yellen Says EU Delay on Digital Tax Helps Global Corporate-Tax Deal

BRUSSELS—Treasury Secretary Janet Yellen thanked European officials for delaying work on a controversial tax on digital services, saying coming negotiations on a proposed global minimum corporate tax should clarify what levies might be allowed. European Union officials on Monday said they would

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