treasury

Stephen Jaffe/IMF / Flickr

U.S. Treasury Secretary Steven Mnuchin will speak Tuesday afternoon in Columbus about the Trump administration's tax reform plan.

The U.S. Treasury Department has modified sanctions against Russia, allowing U.S. companies to interact with Russia's domestic intelligence agency, the FSB.

The sanctions were imposed by the Obama administration on Dec. 29 in the wake of Russia's meddling in the U.S. presidential campaign, and were meant to deprive the FSB of access to some technologies.

Updated 1:15 p.m. ET

A day after Democrats on the Senate Finance Committee boycotted votes to advance the nominations for President Trump's nominees to lead the departments of the Treasury and Health and Human Services, the panel's Republicans met in a surprise meeting Wednesday morning and voted to suspend committee rules to vote on those nominees without Democrats present.

Updated at 1:50 p.m. ET.

Democrats on the Senate Finance Committee boycotted planned votes on Tuesday morning to advance the nominations of two Trump Cabinet nominees.

In a tense hearing Thursday morning, the new administration's Treasury secretary nominee, Steven Mnuchin, faced scrutiny from Democratic senators concerned about him profiting handsomely off homeowners who lost their homes during the housing crisis.