May 24 U.S. to end Russia's ability to pay off international debt By Ken Sweet, Fatima Hussein, Associated Press The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable. Continue reading
Mar 16 WATCH: Federal Reserve chair Powell gives update on federal interest rate policy By Christopher Rugaber, Associated Press The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year. Continue reading
Mar 09 Biden signs order for government oversight of cryptocurrency By Fatima Hussein, Associated Press The executive order had been widely anticipated by the finance industry and others who have compared the cryptocurrency market with the Wild West. 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
Dec 22 U.S. Treasury Department creates pathway to send aid to Afghanistan By Josh Boak, Associated Press The licenses will enable the U.S. government, international organizations such as the United Nations and nongovernmental organizations to operate in the country and offer humanitarian assistance despite sanctions. Continue reading
Nov 29 States, cities running out of rental assistance funds By Michael Casey, Associated Press The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed. Continue reading
Oct 06 Congress foresees short-term debt fix amid perilous standoff By Kevin Freking, Josh Boak, Associated Press 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. Continue reading
Sep 27 WATCH: Secretary Yellen, Chairman Powell testify on pandemic recovery By Chris Rugaber, Associated Press 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. Continue reading
Sep 17 U.S. threatens sanctions against Ethiopian officials in Tigray conflict By Nomaan Merchant, Associated Press 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. Continue reading
May 03 Treasury announces plans to borrow $463 billion this quarter By Martin Crutsinger, Associated Press 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. Continue reading