Child tax credit begins flowing to US families nationwide
The first $1,000 per child payment arrives for more than 35 million families as President Biden expands the child tax credit for one year under the Covid relief package. The plan aims to cut child poverty, though critics warn it could deter work and strain future finances.
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Rewards offer up to 10 million for cyber threat sources
The State Department will pay as much as ten million dollars for information identifying individuals behind foreign or state sanctioned cyber crimes including ransomware against critical U S infrastructure. A White House task force coordinates efforts to curb ransomware while stopransomware gov provides resources. The Treasury IRS network will boost anti money laundering for crypto and faster tracing of ransom proceeds, aiming to seize extortion payments as in the Colonial Pipeline case. The administration notes a dark web tips line and possibly cryptocurrency rewards. No comment on the disappearance of REvil linked to a July 2 attack.
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