Treasury announces record borrowing of $2.99 trillion
The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic.
Treasury: Major airlines to take $25 billion in aid to meet payroll
The deals aren't final, but the assistance is almost certain to be a mix of cash and loans, and the government could take a small ownership stake in the leading airlines.
U.S. Treasury announces it will begin selling new 20-year bond
Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond.
Watch 3:12
News Wrap: U.S.-China trade talks conclude with no visible progress
In our news wrap Wednesday, U.S. and Chinese officials have concluded their latest trade talks without visible signs of progress. A Chinese Foreign Ministry spokeswoman called President Trump’s Tuesday accusations that China had reneged on trade promises “laughable.” Also, the…
Is the Fed solely responsible for driving down interest rates? There's plenty of reason to think the answer is no.
Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year.
The U.S. accused them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts.
A Treasury Department statement says the U.S. will no longer allow the group educational and cultural trips known as "people to people" travel to the island.
The move, which was expected, is sure to set in motion a legal battle over Trump's tax returns.
Additional Support Provided By:
