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WASHINGTON (AP) — Treasury Secretary Janet Yellen is heading to Mexico this week to promote her agency's new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the United States. “Combating the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department,” Treasury Secretary Janet Yellen in a statement. Many of the GOP presidential candidates have said they would use military force against Mexico in response to the trafficking of fentanyl and other synthetic opioids. Nelson will co-chair the strike force with IRS Criminal Investigations Chief Jim Lee. Nelson said the strike force "will act quickly and decisively with the top specialists from across the department to nimbly respond to the newest threats.”

Persons: Janet Yellen, —, Biden, Joe Biden, Xi Jinping, ”, Brian Nelson, Nelson, Jim Lee Organizations: WASHINGTON, —, Strike, Treasury, IRS, Drug, Treasury Department, Disease Control, GOP, Banking, Armed Services Committees Locations: Mexico, China, United States, Mexico City, Yellen, California, America, U.S

Just this week, the SEC sued Kraken, another crypto exchange, alleging that it is operating as an unregistered securities exchange. Binance is exiting the US as part of the agreement the crypto exchange made with law enforcement agencies. That also includes the Justice Department, the Commodity Futures Trading Commission , and the Treasury Department. There is even a National Cryptocurrency Enforcement Team within the Justice Department actively identifying and investigating criminal cases involving digital assets. That is precisely how the feds secured the first ever corporate settlement with a crypto exchange.

Persons: Sam Bankman, Zhao, Binance, Brian Armstrong, Coinbase, ” Armstrong, “, General Merrick Garland, ” Changpeng Zhao, Anthony Kwan, cryptocurrencies, ethereum, Bitcoin, ’, it’s, Ethereum, Treasury Department —, Kraken, Tiffany Hagler, ” Garland, Lisa Monaco, Tuesday’s presser, “ I’ve, Benham Organizations: New, New York CNN, Justice Department, Bloomberg, Getty, Washington DC, US Department of Justice, Department of Justice, Treasury, Securities and Exchange Commission, Treasury Department, SEC, Geard, Futures Trading Commission, Cryptocurrency, feds Locations: New York, United States, Binance, Washington, U.S, “, rulemaking

☆ It's become harder for middle-class workers to give their kids a better life. Unions could help turn that around, a new Treasury report finds.
▼ + stars: | 2023-08-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The report found that union workers make more than their nonunion peers and have more benefits. AdvertisementAdvertisement"The decline in intergenerational mobility may be the single trend that best encapsulates the pervasive sense of the deterioration in the middle class," the Treasury report found. AdvertisementAdvertisementThe Treasury report found that union workers make 10% to 15% more than nonunionized colleagues. That's one economic factor that could give union workers — who are more likely to be considered middle class — a boost. "For generations, union workers have fought for and won higher wages, better benefits, and safer working conditions for millions of American workers," Vice President Kamala Harris said.

Persons: Biden, Treasury Department —, Janet Yellen, Yellen, —, Kamala Harris Organizations: Treasury, Service, Treasury Department, Pew Research Center, Labor Locations: Wall, Silicon

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