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US Treasury

Washington aims to monitor all-cash deals to crack down on money laundering

by Amy Scott
Dec 7, 2021
The Treasury Department is seeking public input on a plan to increase oversight of all-cash real estate transactions to try to crack down on money laundering.
If an individual buys a property with only cash, the transaction may not raise any red flags. The Treasury Department is seeking to change that. Above: the U.S. Treasury building.
Karen Bleier/AFP via Getty Images
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"We simply must pay our bills": Janet Yellen on debt, inflation, infrastructure and what the economy needs

by Kai Ryssdal and Andie Corban
Nov 9, 2021
The Treasury secretary doesn't see a 1970s-style inflation shock on the horizon. "The Federal Reserve wouldn’t permit that to happen."
Treasury Secretary Janet Yellen in Glasgow, Scotland, last week for the United Nations Climate Change Conference.
Christopher Furlong/Getty Images
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