Congress foresees short-term debt fix amid perilous standoff
Democrats are signaling they are receptive to an offer from Republican leader Mitch McConnell that would allow for an emergency debt limit extension into December.
WATCH: Secretary Yellen, Chairman Powell testify on pandemic recovery
Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are expected to testify at a hearing on Tuesday on the state of the nation's pandemic recovery.
U.S. threatens sanctions against Ethiopian officials in Tigray conflict
Ten months of fighting have left hundreds of thousands of people there facing famine. A new executive order allows the Treasury Department to sanction leaders and groups seen as fueling the conflict.
Treasury announces plans to borrow $463 billion this quarter
The big increase of $368 billion was attributed to passage of a $1.9 trillion support measure that President Joe Biden pushed through Congress in March which provided another round of relief payments totaling $1,400 per individual.
Janet Yellen, the first woman to head the U.S. Treasury Department, says women seeking to pursue careers in economics face a number of obstacles.
A government watchdog says nearly 1.1 million relief payments totaling some $1.4 billion went to dead people in the government’s coronavirus aid program.
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.
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.
Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond.
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