U.S. Bans Russia From Paying Bondholders

The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning. The move increases the odds that Russia will default on its outstanding debt. It is the latest sanction against that country by the United …

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U.S. Government Suddenly Stops Paying People

The Treasury Department is warning that tax refunds and other services may be delayed this year because of “enormous challenges” including the coronavirus pandemic and previous budget cuts made at the Internal Revenue Service (IRS). Treasury officials told reporters during a phone …

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