US Treasury Department

4 stories since 5 November 2026, newest first

14 November 2026

Treasury Secretary Scott Bessent says the Commerce Department, led by Howard Lutnick, has stalled adding Singapore‑based Megaspeed to the U.S. export blacklist despite support from the Treasury, Pentagon, State Department and USTR. Megaspeed, an Nvidia customer, is accused of routing $7.5 billion of advanced AI chips to China, a claim the company denies. The Justice Department is probing the firm, and senior White House officials are debating whether Lutnick should be removed.

11 November 2026

A superseding indictment unsealed on Tuesday charges three men with supporting terrorism in nearly twenty planned attacks on Jewish sites in Europe and the United States and a foiled plot against the British air base RAF Fairford where U.S. forces are stationed. The indictment names Mohammad Baqer Saad Dawood al‑Saadi, a dual Iranian‑Iraqi national held in Brooklyn, Mohsen Mohajeri, an Iranian, and Mohammad Ali al‑Hassani, an Iraqi, and alleges they acted for Iran’s Islamic Revolutionary Guard Corps and the Iraqi militia Kata'ib Hezbollah.

10 November 2026

Several tankers that left Russia's Baltic port of Primorsk in October have not delivered diesel to the United States, and no new Russian diesel has reached US shores under the plan. Russian exports rose to 271,000 barrels per day in October, double September's 135,000, according to Financial Times figures. The Malta-flagged Agioi Fanendes, carrying 300,000 barrels, slowed off the US East Coast and moved in a zigzag pattern on Monday, 10 Nov, with no declared unloading port. Tankers bound for the US changed course because no buyers were found. The U.S. Treasury has authorized the transactions, but senior lawmakers from both parties call the diesel exemption illegal.

5 November 2026

Democrats won control of the House of Representatives and the Senate in the US midterm elections, a result that sends a message calling for a check on President Donald Trump's power. Vice President JD Vance said voter opposition to the war with Iran caused the Republican loss, and Trump said he largely agrees. The Iran conflict began after US-Israeli airstrikes in late February 2026 and has cost at least $38 billion and killed 19 Americans. Trump said he would soon decide whether to make a deal with Tehran or order new strikes, and he called Qatar's emir to discuss ending the conflict.

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