Senators push for U.S. to offer cash rewards in hunt for Russian oligarchs’ assets
Proceeds from some of the seized assets would go to help rebuild Ukraine. The White House has resisted congressional efforts to dictate sanctions policy, however.
By Jeff SteinMarch 15, 2022With war in Ukraine, Fed’s game plan for rate hikes faces new challenges
The war in Ukraine has already rippled through the U.S. economy and complicated the Fed’s moves to cool down inflation.
By Rachel SiegelMarch 14, 2022Sarah Bloom Raskin’s Fed nomination appears doomed after Manchin opposes her record
A Republican boycott over Raskin’s nomination has also held up any votes on Biden’s other picks for the Fed.
By Rachel SiegelMarch 14, 2022Zelensky presses Biden to increase economic pressure on Moscow, expand sanctions
The Ukrainian leader on Friday pushed Biden to further punish Putin for Russia’s invasion.
By Jeff SteinMarch 13, 2022U.S. plan for $14 billion in Ukraine aid comes as Russian invasion leads to humanitarian crisis
“Basically all of our economic activity has stopped,” said a member of the Ukraine parliament. “The only way our economy survives currently is the help from the West.”
By Jeff SteinMarch 11, 2022Biden will seek to end normal trade relations between U.S. and Russia
The U.S. is set to announce the move in tandem with the G-7 and the European Union, according to a person familiar with the matter.
By Tony RommMarch 10, 2022Senate passes bill to avert shutdown, extend $14 billion in Ukraine aid
The Senate vote now sends the measure to President Biden for his signature, capping off a fierce, urgent push in the nation’s capital to respond to the geopolitical unrest roiling Europe as a result of Russia’s invasion.
By Tony RommMarch 10, 2022Justice Department reports more than $8 billion in alleged fraud tied to federal coronavirus aid programs
The staggering figures prompted the DOJ to redouble its enforcement efforts to carry out President Biden’s mission to pursue “the criminals who stole billions in relief money.”
By Tony RommMarch 10, 2022House passes package to avert shutdown, approves $14 billion in aid for Ukraine
They must pass a new spending bill by Friday to avoid a government shutdown, and the package is supposed to include $14 billion in Ukraine assistance.
By Tony Romm and Marianna SotomayorMarch 9, 2022White House eyes new sanctions on lawmakers in Russian parliament as part of financial attack on Moscow
Penalties on members of ‘Russia’s Senate’ not expected imminently but reflect attempt to expand sanctions regime
By Jeff Stein and Tyler PagerMarch 9, 2022Ukraine aid package grows to $14 billion as Congress rushes legislation tied to Russia’s invasion
Lawmakers are also working on a massive spending bill to fund U.S. government operations.
By Tony RommMarch 8, 2022Top Democrats, Republicans say they have deal to ban Russian energy imports as U.S. stock markets sell off sharply
The agreement, reached between leaders on House and Senate finance committees, would still need to be approved by the full House and Senate.
By Tony RommMarch 7, 2022Ukraine’s leadership is expected to ask Congress to ban corporations paying taxes in Russia from the U.S. stock market
“The taxes that these companies pay in Russia finance bombs that kill our military and innocent civilians,” says the letter from an ally of Ukrainian President Volodymyr Zelensky.
By Jeff SteinMarch 7, 2022Senate Republicans threaten to slow efforts to fund federal agencies, deliver aid to Ukraine
The new demands, delivered in two letters to Senate Majority Leader Charles E. Schumer (D-N.Y.), could slow down lawmakers’ work at a time when Russia’s incursion into Ukraine is intensifying — all the while the U.S. government faces a looming March 11 deadline to pass a new spending measure or suffer a shutdown.
By Tony RommMarch 5, 2022Washington’s crackdown on Russia intensifies as White House targets oligarchs and Pelosi backs oil ban
New sanctions corresponded with a vast, ever-expanding campaign in Washington to consider a slew of new penalties that might take aim at the heart of the Russian economy.
By Tony Romm, Rachel Siegel and Maxine JoselowMarch 3, 2022Biden administration requests $32.5 billion in Ukraine aid and coronavirus funds as spending talks continue
Lawmakers must reach a spending agreement by March 11, and Congress is at odds over what to include in a big funding package.
By Tony RommMarch 3, 2022Republicans signal they may oppose new covid aid unless White House accounts for existing spending
The new warning arrived in a letter led by Sen. Mitt Romney as the Biden administration asks Congress for more aid.
By Tony RommMarch 2, 2022U.S. prepares to expand financial attack on Russian oligarchs, aiming to freeze billions held by Putin allies
The U.S. is expected to in the coming days announce new sanctions against Vladimir Putin's financial allies.
By Jeff Stein, Yeganeh Torbati and Ellen NakashimaMarch 2, 2022Fed chief to Congress: Russia invasion in Ukraine has ‘highly uncertain’ implications for U.S. economy
Federal Reserve Chair Jerome H. Powell told lawmakers Wednesday that “we will proceed carefully as we learn more about the implications of the Ukraine war for the economy.”
By Rachel SiegelMarch 2, 2022Exxon is latest oil major to announce departure from Russia over Ukraine invasion
Exxon becomes the latest major oil company to announce it's leaving Russia.
By Jeanne WhalenMarch 1, 2022