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Recent investigations reveal that over $9 billion of federal funds allocated to Minnesota programs since 2018 may have been stolen through widespread fraud, primarily involving the Somali community. Authorities warn of ongoing schemes, with more charges expected as investigations deepen.
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In early January 2026, the US escalated its campaign against Venezuela by seizing two oil tankers carrying Venezuelan crude, one in the North Atlantic and another in the Caribbean. This follows the recent US military capture of Venezuelan President Nicolás Maduro. The US plans to control and sell Venezuela's oil, directing proceeds through US accounts indefinitely, amid intensified sanctions and a blockade that has severely disrupted Venezuela's oil exports.
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The US Treasury announced new sanctions targeting Iran and Venezuela to support UN restrictions on Iran's nuclear program. The measures include sanctions on firms linked to Iran's missile efforts and come amid warnings of potential military action by the US, Israel, and Iran. Tensions escalate.
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The US Treasury imposed sanctions on a Venezuelan drone manufacturer and its chairman for aiding Iran's UAV program and chemical procurement. The move highlights ongoing US efforts to curb Iran-Venezuela military cooperation amid broader regional tensions.
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The US Treasury imposed sanctions on Iranian officials and entities amid ongoing protests over economic hardship and government repression. The measures target key figures involved in the crackdown, as Iran faces a severe economic crisis and internet blackout. The protests have resulted in over 2,500 deaths since December.
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Japan's Finance Ministry confirmed no direct intervention to support the yen in the past month, despite market speculation. The yen has strengthened from around 160 to 154 against the dollar amid signals of potential coordinated action with the US, as traders assess Japan's response to currency volatility ahead of a snap election on February 8.
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As of March 2026, eastern Congo remains embroiled in conflict despite peace deals brokered by the US. The M23 rebel group, backed by Rwanda, controls key cities including Goma and Bukavu. US sanctions target Rwanda's military for supporting M23, while drone strikes and clashes continue, displacing over 7 million people and complicating peace efforts.
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The US government is shifting responsibility for $1.7 trillion in federal student loans to the Treasury Department, focusing initially on defaulted loans. This move is part of President Trump's broader effort to dismantle the Education Department, with no clear timeline for full transfer. Borrowers will continue payments as usual.