WALLY ADEYEMO

Deputy Treasury Secretary Wally Adeyemo said on Tuesday the U.S. dollar will continue to be the world's dominant currency despite interest in cryptocurrencies.

A core priority of the Justice Department is to keep our country safe from all threats, foreign and domestic. In ransomware attacks, transnational cybercriminals use malicious software to hold digital systems hostage and demand a ransom. Six weeks later, on August 11, the Justice Department indicted Yaroslav Vasinskyi – also known by the online moniker, Rabotnik. Over the past seven months, the Justice Department has sharpened the tools at our disposal to investigate and prosecute ransomware attacks. Almost immediately after they were hit, Kaseya provided the FBI information they needed to act—and to act fast.

Arizona Gov. Doug Ducey is defying a demand that he stop using federal coronavirus relief money to fund an education grant program that can only go to schools without mask mandates.

The country's economy is on the brink of collapse after the exodus of international support.

The Treasury Department says that the economic and financial sanctions the United States has employed over the past two decades to battle global terrorism, nuclear proliferation, drug cartels and other threats need to adapt to a rapidly changing financial world.

The Biden administration orders Arizona Gov. Doug Ducey to stop using the state's federal pandemic funding on a pair of new education grants that can only be directed to schools without the mandates.

The Biden administration on Tuesday ordered Arizona Gov. Doug Ducey to stop using the state’s federal pandemic funding on a pair of new education grants that can only be directed to schools without mask mandates.

The Biden administration is trying to choke the finances of criminal ransomware gangs by sanctioning a Russia-based virtual currency brokerage it says has been used by at least eight ransomware gangs to launder criminal proceeds.

It's sanctioning virtual currency exchange SUEX for facilitating transactions for ransomware actors.

The Treasury Department announced on Friday that it's given out more than $6 billion to help renters and landlords struggling in the pandemic.

The Treasury Department is creating a new office to supervise the disbursement of the billions of dollars in relief money passed by Congress to combat the coronavirus-related recession.

The Treasury Department is working with the International Monetary Fund to help provide up to $650 billion in currency aid to countries hit hardest by the Covid-19 pandemic.

Wally Adeyemo, President Joe Biden's nominee for deputy treasury secretary, is expected to focus on national security, including taking on China for unfair practices, during his Senate confirmation hearing. He also plans to draw on his experience having served as deputy national security adviser under former President Obama. "If confirmed, I have been asked by [Treasury] Secretary Yellen to work on a number of Treasury's national security priorities," Adeyemo is expected to say. Prior to being nominated to serve as deputy treasury secretary, Adeyemo also served as deputy director of the National Economic Council. If confirmed, Adeyemo would become the first African American to serve as deputy treasury secretary.

President-elect Joe Biden and Vice President-elect Kamala Harris are set to introduce key members of their economic team Tuesday afternoon in Wilmington, Delaware. The Biden transition team announced picks for top economic posts on Monday. He previously served as chief of staff at the Consumer Financial Protection Bureau, deputy director of the National Economic Council and deputy national security advisor. The transition team has selected Princeton dean Cecilia Rouse, one of the nation's top labor economists, as chair of the Council of Economic Advisers. The transition team has not announced a selection for director of the National Economic Council, a role that is often considered the president's top economic advisor.

President-elect Joe Biden and his transition team announced on Monday several nominees and appointments for the incoming administration's top economic posts. The transition team confirmed CNBC's earlier report that former Federal Reserve Chair Janet Yellen would be Biden's official nominee for Treasury secretary. "As Treasury Secretary, I will work every day towards rebuilding that dream for all." Macroeconomic and national security advisor Wally Adeyemo was nominated to serve as deputy secretary of the Treasury. If confirmed, Adeyemo would be the first African American deputy secretary of the Treasury.

Biden also selected Wally Adeyemo to be Yellen’s deputy, which would make him the first Black deputy treasury secretary. Rouse, Tanden and Adeyemo will all require Senate confirmation, and Tanden in particular is already drawing heavy Republican criticism. “They’re fairly conventional liberal economists and experts.”Still, the Biden administration’s ambitious goals will face solid opposition from Republicans in Congress. She first made her mark in the Clinton orbit, and served as policy director for Hillary Clinton’s 2008 presidential race. Bernstein has also worked as a social worker and was an economist at the Economic Policy Institute, a labor-supported think tank.