President Joe Biden has signed an executive order to help bring home American citizens held hostages or wrongfully detained in foreign countries.
The E.O, signed on Tuesday, authorizes federal departments and agencies to impose financial sanctions and visa bans on people involved in wrongful detentions of Americans abroad.
The executive order, titled "Bolstering Efforts to Bring Hostages and Wrongfully Detained United States Nationals Home," is a follow-up of the 2020 Robert Levinson Hostage Recovery and Hostage Taking Accountability Act.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.