Politics Sep 16 Treasury recommends exploring creation of a digital dollar by central bank The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar.
Economy Aug 26 Secret Service recovers $286 million in stolen pandemic loans An investigation initiated by the Secret Service's Orlando office found that alleged conspirators submitted Economic Injury Disaster Loan applications by using fake or stolen employment and personal information.
Nation Aug 26 $286 million in stolen pandemic loans recovered, according to U.S. Secret Service The U.S. Secret Service said Friday that it has recovered $286 million in fraudulently obtained pandemic loans and is returning the money to the Small Business Administration…
Politics Aug 23 Biden administration forecasts $1.03 trillion deficit, down by nearly $400 billion In full, this year's deficit will decline by $1.7 trillion, representing the single largest nominal decline in the federal deficit in American history, the Office of Management and Budget says.
Politics Aug 17 Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.
Economy Aug 03 New cryptocurrency oversight legislation arrives as industry shakes It's the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked recently by collapsing prices and lenders halting operations.
Politics Jul 24 Analysis: Biden’s global promises hindered by political obstacles at home Domestic politics have routinely been a roadblock when it comes to taking action on climate change, taxes and pandemic relief, undermining hopes that Biden could swiftly restore the U.S. to its unquestioned role as a global leader.
Politics Jul 19 Treasury Secretary Yellen calls out China trade practices in South Korea visit Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage.
Economy Jun 07 WATCH: Treasury Secretary Yellen testifies on President Biden’s budget in Senate hearing Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell "could have used a better word" than transitory when describing the expected run of inflation in the U.S. economy.
World May 24 U.S. to end Russia’s ability to pay off international debt The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.