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The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank. Wrapping up four days of meetings in China, Yellen issued a stern warning to Chinese banks that facilitating transactions providing material support or dual-use goods to Russia for its Ukraine war effort would lead to "significant consequences."

President Biden's Treasury Secretary Janet Yellen dodged multiple questions from Republicans about why her department instructed banks to comb through Americans' bank records after January 6 looking for 'extremists.' Federal investigators in Treasury's Financial Crimes Enforcement Network (FinCEN) asked U.S. banks to scour customer transactions for key terms like 'MAGA' and 'Trump,' Republicans revealed in January. The federal government was specifically 'watching' Trump supporters and Americans who frequent outdoor stores such as Cabela's, Dick's Sporting Goods and Bass Pro Shops, and also those who purchased religious texts, such as a Bible.

Federal investigators asked banks to search and filter customer transactions by using terms like "MAGA" and "Trump" as part of an investigation into Jan. 6, warning that purchases of "religious texts" could indicate "extremism," the House Judiciary Committee revealed Wednesday. Fox News Digital has learned the committee also obtained documents that indicate officials suggested that banks query transactions with keywords like Dick's Sporting Goods, Cabela's, Bass Pro Shops and more. The House Judiciary Committee and its subcommittee on the Weaponization of the Federal Government have been conducting oversight of federal law enforcement’s "receipt of information about American citizens without legal...