Tag: Dollars

US Blocks Russia’s Access to Dollars for Bond Payments

US Blocks Russia’s Entry to {Dollars} for Bond Funds

America has began blocking Russia from making debt funds utilizing {dollars} held in American banks, a transfer designed to deplete its worldwide foreign money reserves and doubtlessly push Russia towards its first overseas foreign money debt default in a century. A Treasury Division spokeswoman mentioned that the motion was taken on Monday. It was the

As Biden Pleads for More Covid Aid, States Are Awash in Federal Dollars

As Biden Pleads for Extra Covid Support, States Are Awash in Federal {Dollars}

FRANKFORT, Ky. — Gov. Andy Beshear has been toting oversize checks round his state in current weeks, handing them out to metropolis and county officers for desperately wanted water enhancements. The tiny metropolis of Mortons Hole acquired $109,000 to carry operating water to 6 households who would not have it. The folks of Martin County,

Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain

{Dollars} or Rubles? Russian Debt Funds Are Due, and Unsure

Buyers have already taken the monetary hit, he added. Russian bonds are buying and selling at a median of about 20 cents on the greenback as merchants have priced in a default. There has additionally been compelled promoting of bonds after the property had been kicked out of indexes, pushing the costs down additional. A

Canada Pledges Compensation in Battle Over Indigenous Child Welfare System

Canada Pledges 40 Billion {Dollars} in Indigenous Little one Welfare Battle

TORONTO — The Canadian authorities introduced Tuesday that it had reached what it known as the most important settlement in Canada’s historical past to pay $31.5 billion to repair the nation’s discriminatory little one welfare system and compensate the Indigenous folks harmed by it. The agreement in principle kinds the idea for a ultimate settlement

N.Y.C. Arts Organizations Awarded $51.4 Million {Dollars} in Grants

As New York Metropolis’s arts and tradition sector seeks to rebound from the financial devastation wrought by the pandemic, the Division of Cultural Affairs introduced on Thursday that it will award $51.4 million in grants to more than 1,000 nonprofit arts organizations. The grants, for the 2022 fiscal 12 months, symbolize the largest-ever allocation for

U.S. Funneling Billions of Dollars for Rural Health Care

U.S. Funneling Billions of {Dollars} for Rural Well being Care

The Division of Well being and Human Companies has begun distributing billions of {dollars} to rural well being care suppliers to ease the monetary pressures introduced by the coronavirus pandemic and to assist hospitals keep open. The company mentioned on Tuesday that it had began doling out $7.5 billion to more than 40,000 health care