Economy May 21 Trump’s tariffs will test U.S. allies at G7 finance ministers’ summit By Christopher S. Rugaber, Associated Press
Politics May 07 WATCH: Treasury Secretary Bessent testifies on the international financial system amid trade wars Bessent is expected to testify before the House Financial Services Committee at 10 a.m. EDT. Watch live here. By Associated Press
Politics Feb 08 Federal judge blocks Musk’s DOGE from accessing sensitive Treasury material A federal judge early Saturday blocked Elon Musk’s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans. By Anthony Izaguirre, Associated Press
Politics Jan 27 Senate confirms Scott Bessent as treasury secretary Bessent will now have the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth. By Fatima Hussein, Associated Press
Economy Sep 06 WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they… By Fatima Hussein, Associated Press
Oct 21 Watch 1:21 News Wrap: U.S. budget deficit rises to $1.7 trillion in 2023 fiscal year In our news wrap Saturday, new numbers from the U.S. Treasury Department showed the nation’s deficit has increased nearly 25 percent to $1.7 trillion in the last fiscal year, and at least four people have died in the torrential storm… Continue watching
Jul 09 Yellen says U.S. will listen to China’s concerns over tech export curbs, but defends trade measures By Joe McDonald, Associated Press Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might “respond to unintended consequences” as she ended a visit to Beijing aimed at reviving strained relations. Continue reading
May 07 Yellen warns of economic ‘calamity’ if Congress doesn’t raise debt limit By Zeke Miller, Associated Press Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation's borrowing limit of $31.381 trillion in the coming weeks. Continue reading
Mar 22 WATCH: Yellen testifies on budget in Senate hearing amid questions about banking system By Stan Choe, Associated Press Stocks fell sharply after the Federal Reserve said it doesn’t expect to cut rates anytime soon despite Wall Street’s hopes. Continue reading
Mar 12 Federal government moves urgently to avert potential banking crisis By Ken Sweet, Christopher Rugaber, Chris Megerian, Cathy Bussewitz, Associated Press The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly. Continue reading