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
Mar 18 Treasury to launch education effort for relief package By Martin Crutsinger, Associated Press Officials at the Treasury Department briefed reporters Thursday on the efforts they are planning, including highlighting a provision in the measure that expands the child tax credit. Continue reading
Nov 06 U.S. sanctions Hezbollah-allied Lebanese Christian leader By Associated Press Gebran Bassil is a current lawmaker who leads the biggest bloc in parliament and a son-in-law of President Michel Aoun. Continue reading
Aug 07 Virus aid talks on the brink of collapse with sides ‘very far apart’ By Associated Press Both sides have adopted a hard line in the talks, though the Trump team is more open in disclosing a handful of its proposed compromises. Continue reading
May 04 Watch 4:00 News Wrap: U.S. Treasury to borrow record $3 trillion in 2nd quarter In our news wrap Monday, the U.S. Treasury will borrow nearly $3 trillion this quarter to cover pandemic relief. That record number is well over twice the total for all of 2019. Also, Israel's Supreme Court is hearing legal challenges… Continue watching
Mar 18 Treasury proposal: Deliver $500 billion to Americans starting April By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press In a memorandum issued Wednesday, Treasury is calling for two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May. Continue reading
Jan 29 House Democrats want records on decision to lift Russian sanctions By Richard Lardner, Associated Press Three senior House Democrats have demanded Treasury Secretary Steven Mnuchin turn over documents that would show how his department decided to lift financial sanctions on three companies connected to Russian oligarch Oleg Deripaska. Continue reading
May 17 How banks and the government keep track of suspicious financial activity By Daniel Bush An obscure government database of suspicious financial activity was thrust into the spotlight Wednesday when the New Yorker reported that key information on Michael Cohen is missing from the system. The report has raised fresh questions about the database, and… Continue reading