The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kechen and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

The Treasury Department on Friday announced sanctions in connection with a massive Chinese hack of American telecommunications companies and a breach of its own computer network. The sanctions target a Chinese hacker who officials say is affiliated with Beijing's Ministry of State Security and was involved in a cyberintrusion

The U.S. Treasury department on Friday sanctioned Singaporean Yin Kechen and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

The United States should keep oversight of potential problems in the U.S. bond market, President-elect Donald Trump's Treasury Secretary pick Scott Bessent told Congress on Thursday, referring to Wall Street billionaire Howard Lutnick's plan to clear Treasury futures through a UK firm.

Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is "nuanced," but said if Trump wants to do so he will work with him and with Congress to get it done.

Trump Treasury Secretary nominee Scott Bessent faces a Senate panel on Thursday and can expect grilling from a Democratic watchdog of Wall Street.