FATIMA HUSSEIN

World Bank President Ajay Banga poses for a portrait after an interview with The Associated Press, Tuesday, April 16, 2024, at the World Bank in Washington. (AP Photo/Jacquelyn Martin)
World Bank’s Banga wants to make gains in tackling the effects of climate change, poverty and war
It’s a full agenda for Ajay Banga as he nears the end of his first year as World Bank president. The bank and the International Monetary Fund are holding their spring meetings in Washington this week, and Banga is highlighting new initiatives to expand access to health care and electricity across th
 
FILE - The U.S. Treasury Department building, June 6, 2019, in Washington. The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israeli-occupied West Bank settlers who have harassed and attacked Palestinians, as well as the founder of an organization whose members regularly assault Palestinians. The Treasury Department announcement comes as the West Bank has seen some of its worst violence perpetrated by extremist settlers against Palestinians since the war in nearby Gaza began. (AP Photo/Patrick Semansky, File)
US and UK issue new sanctions on Iran in response to Tehran’s weekend attack on Israel
The U.S. and U.K. have imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East.
 
U.S. Treasury Secretary Janet Yellen attends a press conference in Beijing, China, Monday, April 8, 2024. Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Americans and Chinese have been united in their interest in what Janet Yellen will eat next. (AP Photo/Tatan Syuflana)
Yellen says Iran’s actions could cause global economic spillovers as White House vows new sanctions
Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East as the White House pledged to exact new sanctions against Iran.
 
FILE - The exterior of the Internal Revenue Service (IRS) building is seen in Washington, on March 22, 2013. The IRS is promoting the improvements its made to its customer service since its received tens of billions in new funds through Democrats' Inflation Reduction Act. Agency leadership is trying to bring attention to what's been done to repair the agency's image as an outdated and maligned tax collector. Monday, April 15, 2024, is the last day to submit tax returns or to file an extension. (AP Photo/Susan Walsh, File)
It’s Tax Day. And your refund may be big this year
On this Tax Day, refunds are looking a bit bigger for taxpayers. According to the latest IRS statistics, the average refund this season has been $3,011, up $123 compared to last year. Two out of three taxpayers expect to receive a refund.
 
Russian President Vladimir Putin chairs a Security Council meeting in Moscow, Russia, Thursday, April 11, 2024. (Alexei Babushkin, Sputnik, Kremlin Pool Photo via AP)
The US and UK restrict the trade of Russian-origin metals
The U.S. and U.K. will begin restricting the trade of new Russian-origin metals — including aluminum, copper and nickel — on global metal exchanges and in derivatives trading.
 
U.S. Treasury Secretary Janet Yellen speaks during the AmCham China Fireside Chat held at the Baiyun International Conference Center (BICC) in southern China's Guangdong province, Friday, April 5, 2024.(AP Photo/Andy Wong, Pool)
Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals
U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors.
 
FILE - Kristalina Georgieva, Managing Director of the International Monetary Fund takes part in a panel discussion at the Annual Meeting of World Economic Forum in Davos, Switzerland, Jan. 17, 2024. Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% in 2024, the International Monetary Fund chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. (AP Photo/Markus Schreiber, File)
IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
The head of the International Monetary Fund says strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year.
 
U.S. Treasury Secretary Janet Yellen, right, and U.S. Ambassador to China Nicholas Burns sample beer at the Jing-A brewery in Beijing, China, Monday, April 8, 2024. Treasury Secretary Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs. (AP Photo/Tatan Syuflana, Pool)
From overcapacity to TikTok, the issues covered during Janet Yellen’s trip to China
Treasury Secretary Janet Yellen and her team are returning to Washington after a visit to China where they tried to tackle the biggest economic issues between the countries.
 
US Treasury Secretary Janet Yellen and US ambassador to China Nicholas Burns sample beer at the Jing-A brewery in Beijing, China, Monday, April 8, 2024. Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Americans and Chinese have been united in their interest in what Janet Yellen will eat next. (AP Photo/Tatan Syuflana, Pool)
Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in China
Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Janet Yellen has united Americans and Chinese in wanting to know what she will eat next. Now that the U.S.
 
U.S. Treasury Secretary Janet Yellen speaks during a press conference in Beijing, China, Monday, April 8, 2024. (AP Photo/Tatan Syuflana)
US will push China to change policy that threatens American jobs, Treasury Secretary Yellen says
Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs. Yellen said this on Monday after four days of talks with Chinese officials.
 
U.S. Treasury Secretary Janet Yellen, left, meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing, China, Sunday, April 7, 2024. Yellen, who arrived later in Beijing after starting her five-day visit in one of China's major industrial and export hubs, said the talks would create a structure to hear each other's views and try to address American concerns about manufacturing overcapacity in China. (AP Photo/Tatan Syuflana, Pool)
Yellen says US-China relationship on ‘more stable footing’ but more can be done to improve ties
U.S. Treasury Secretary Janet Yellen has met with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences.
 
U.S. Treasury Secretary Janet Yellen, right, and Chinese Vice Premier He Lifeng arrive to a bilateral meeting at the Guangdong Zhudao Guest House in southern China's Guangdong province, Saturday, April 6, 2024. (AP Photo/Andy Wong, Pool)
New US-China talks will address a top American complaint about Beijing’s economic model, Yellen says
U.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage.
 
U.S. Treasury Secretary Janet Yellen, left, shakes hands with Wang Weizhong, deputy party secretary and governor of Guangdong prior to a meeting at the Baiyun International Conference Center (BICC) in southern China's Guangdong province, Friday, April 5, 2024. Yellen has arrived in China for five days of meetings in a country that's determined to avoid open conflict with the United States. (AP Photo/Andy Wong, Pool)
Yellen calls for level playing field for US workers and firms during China visit
The U.S. treasury secretary has called for a level playing field for American companies and workers as she opened a five-day visit to China in a major industrial and export hub.
 
U.S. Treasury Secretary Janet Yellen, left, shakes hands with Lisa Heller, U.S. Consul for Guangzhou after arriving at Guangzhou Baiyun Airport in southern China's Guangdong province, Thursday, April 4, 2024. Treasury Secretary Janet Yellen is heading to a China that is determined to avoid open conflict with the United States. (AP Photo/Andy Wong, Pool)
US treasury secretary is in China to talk trade, anti-money laundering and Chinese ‘overproduction’
Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that’s determined to avoid open conflict with the United States.
 
FILE - President Joe Biden greets China's President President Xi Jinping at the Filoli Estate in Woodside, Calif., Nov, 15, 2023, on the sidelines of the Asia-Pacific Economic Cooperative conference. Biden and Xi spoke Tuesday in their first call since their November summit in California, Chinese state media reported. (Doug Mills/The New York Times via AP, Pool, File)
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
President Joe Biden and Chinese President Xi Jinping have discussed Taiwan, artificial intelligence and security issues in a call meant to demonstrate a return to regular leader-to-leader dialogue between the two powers.
 
FILE- This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The U.S. on Wednesday imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash, for allegedly supporting Hamas. U.S. Treasury’s Office of Foreign Assets Control says that after the Oct. 7 attack by Hamas against Israel — the online entity began a fundraising effort in support of the militant organization. (AP Photo/Patrick Semansky, File)
US sanctions online media site Gaza Now and its founder for allegedly supporting Hamas
The U.S. has imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash, for allegedly supporting Hamas. On Wednesday, U.S.
 
Treasury Secretary Janet Yellen testifies during a Senate Finance hearing to examine President Joe Biden's proposed budget request for fiscal year 2025 on Capitol Hill Thursday, March 21, 2024, in Washington. (AP Photo/Mariam Zuhaib)
Yellen says China’s rapid buildout of its green energy industry ‘distorts global prices’
Treasury Secretary Janet Yellen called out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world.
 
FILE - A box filled with dollar bills is shown in New York, April 3, 2019. The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday, March 25, 2024, that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020. (AP Photo/Mark Lennihan, File)
The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
 
U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion
The U.S. is imposing sanctions on a collection of mostly Russian fintech firms and people accused of enabling sanctions evasion. Treasury’s Office of Foreign Assets Control announced Monday that it was sanctioning 13 firms and 2 people.
 
FILE - The likeness of George Washington is seen on a U.S. one dollar bill, March 13, 2023, in Marple Township, Pa. The nonpartisan Congressional Budget Office says it expects the federal government will be awash in debt over the next 30 years. (AP Photo/Matt Slocum, File)
Budget Office report credits immigration and spending deals with improved outlook despite huge debt
The nonpartisan Congressional Budget Office says it expects the federal government will be awash in debt over the next 30 years. But the office’s outlook has improved over the past year due to increased immigration and agreements to reduce spending.
 
IRS Commissioner Danny Werfel poses for a photo in his office at the IRS headquarters in Washington, Tuesday, March 19, 2024. (AP Photo/Susan Walsh)
IRS chief zeroes in on wealthy tax cheats in AP interview
IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months.
 
FILE - A man looks at graffiti that reads, in Hebrew, "revenge, death to Arabs," allegedly sprayed by Jewish West Bank settlers in the Palestinian West Bank village of Turmus Ayya, Feb. 18, 2024. The U.S. has imposed sanctions on a group of three extremist Israeli West Bank settlers who are accused of harassing and attacking Palestinians in an attempt to pressure them to leave their land. (AP Photo/Nasser Nasser, File)
US sanctions three Israeli West Bank settlers and their outposts for violence against Palestinians
The U.S. has imposed sanctions on a group of three extremist Israeli West Bank settlers who are accused of harassing and attacking Palestinians in an attempt to pressure them to leave their land.
 
Ukraine's Minister of Justice Denys Maliuska, left, and Deputy Minister of Justice Iryna Mudra attend a press conference at the Embassy of Ukraine on Wednesday, March 13, 2024, in Washington. (AP Photo/Mark Schiefelbein)
Ukrainian ministers ‘optimistic’ about securing US aid, call for repossession of Russian assets
A pair of Ukrainian justice ministers in Washington this week say they are “quite optimistic” about the U.S. coming up with a way to financially support Ukraine. But lawmakers must agree on how to move forward.
 
FILE - An Internal Revenue Service 2023 1040 tax form and instructions are shown on Jan. 26, 2024 in New York. It's tax season in the U.S., and for many people, filing tax returns can be a daunting task that's often left until the last minute. (AP Photo/Peter Morgan, File)
The IRS launches Direct File, a pilot program for free online tax filing available in 12 states
After weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states. Direct File is a free online tool.
 
President Joe Biden delivers remarks on lowering prices for American families during an event at the YMCA Allard Center, Monday, March 11, 2024, in Goffstown, N.H. (AP Photo/Josh Reynolds)
Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs
President Joe Biden has issued a budget proposal for a second term aimed at getting voters’ attention with tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations.
 
First lady Jill Biden, right, and Susan Ford Bales, daughter of former first lady Betty Ford, stand in the East Room of the White House in Washington, Wednesday, March 6, 2024, during an unveiling of a new U.S. Postal Service stamp honoring former first lady Betty Ford. (AP Photo/Susan Walsh)
Betty Ford forever postage stamp is unveiled at the White House
A new forever postage stamp bearing the portrait of former first lady Betty Ford was unveiled at the White House Wednesday.
 
Internal Revenue Service employee Dixie Warden poses for a photograph on Saturday, Feb. 24, 2024, at Mary Kyle Hartson City Square Park in Kyle, Texas. Warden is quick to say she's “not a numbers girl.” But as the very first user of the government's free new electronic tax return filing system, Warden reports she completed her taxes this year using the program in about an hour. (AP Photo/Darren Abate)
A new IRS program is helping its first users file their income taxes electronically. And it’s free
The government’s new free electronic filing system for income tax returns is getting its first users this filing season. The IRS pilot program is known as Direct File and it’s rolling out in a limited way in 12 states.
 
FILE - The Treasury Department is seen near sunset in Washington, Jan. 18, 2023. In a blow to President Joe Biden administration’s effort to increase corporate transparency, an Alabama federal district judge ruled Friday, March 1, 2024, that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business. U.S. District Judge Liles C. Burke decided that the Corporate Transparency Act is unconstitutional on the grounds that Congress exceeded its powers in enacting the law. (AP Photo/Jon Elswick, File)
Small business reporting requirement found unconstitutional by Alabama federal judge
In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit from the business.
 
FILE - Zimbabwe's President Emmerson Mnangagwa attends a session at the Africa Pavilion at the COP27 U.N. Climate Summit, Nov. 7, 2022, in Sharm el-Sheikh, Egypt. Zimbabwe’s Cabinet has agreed to back a move in Parliament to abolish the death penalty, a punishment that was last used in the southern African nation nearly 20 years ago. Mnangagwa, who won reelection for a second term in Aug, 2023, has repeatedly expressed his opposition to the death penalty, citing his own personal experience when he was sentenced to death in the 1960s for blowing up a train during Zimbabwe's independence war, when the country was called Rhodesia and under white minority rule. (AP Photo/Peter Dejong, File)
US sanctions Zimbabwe president Emmerson Mnangagwa over human rights abuses
The United States has sanctioned Zimbabwe’s President Emmerson Mnangagwa, the First Lady and other government officials for their alleged involvement in corruption and human rights abuses.
 
Internal Revenue Service Commissioner Danny Werfel, testifies during a House Ways and Means Committee hearing on Capitol Hill, Thursday, Feb. 15, 2024, in Washington. (AP Photo/Mariam Zuhaib)
IRS launches crackdown on 125,000 wealthy ‘non-filers’
The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017. The agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.
 
Load More