Jan 19 As government nears debt limit, Biden and House Republicans prepare for face off By Josh Boak, Associated Press The countdown toward a possible U.S. government default is in the offing. Continue reading
Jan 18 WATCH: Justice Department announces arrest of Russian cryptocurrency founder By Eric Tucker, Josh Boak, Associated Press A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday. Continue reading
Jan 17 Watch 8:49 Economists and business leaders raise alarm about looming debt ceiling deadline By Laura Barrón-López, Kyle Midura The U.S. is expected to bump into its borrowing limit in just a few days. The Treasury Department said it is taking "extraordinary measures" to allow the country to keep paying its debts for now, but Congress must vote to… Continue watching
Nov 23 Average long-term U.S. mortgage rate lowers to 6.58 percent By Alex Veiga, Associated Press The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers. Continue reading
Nov 22 Supreme Court clears way for handover of Trump tax returns to Congress By Mark Sherman, Associated Press The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump's tax returns to a congressional committee after a three-year legal fight. Continue reading
Nov 04 U.S. sanctions Haitian politicians on drug trafficking claims By Fatima Hussein, Associated Press Two Haitian politicians are facing U.S. sanctions over allegations they abused their positions to traffic drugs in collaboration with gang networks and directed others to engage in violence. Continue reading
Mar 30 U.S. announces Iranian sanctions after missile attacks By Ellen Knickmeyer, Associated Press The United States sanctioned Iranian defense companies Wednesday after a spate of ballistic missile attacks on targets in Iraq and the Gulf. Continue reading
Feb 25 Treasury: Most COVID rental aid went to low-income residents By Michael Casey, Fatima Hussein, Associated Press The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants. Continue reading
Sep 08 U.S. may hit debt limit in October, Yellen warns By Martin Crutsinger, Associated Press Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government's borrowing limit in October. Continue reading
May 27 WATCH: Yellen says economic recovery likely to be 'bumpy' By Associated Press In testimony, Yellen was asked about the big jump in consumer prices reported last week. She said that the April price increase was the result of a number of special factors related to the economy opening back up. Continue reading