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
Mar 08 Yellen says women face many obstacles in economics careers By Martin Crutsinger, Associated Press 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. Continue reading
Jun 25 U.S. sent $1.4 billion in virus relief payments to dead people By Marcy Gordon, Associated Press 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. Continue reading
May 04 Treasury announces record borrowing of $2.99 trillion By Martin Crutsinger, Associated Press 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. Continue reading
Apr 14 Treasury: Major airlines to take $25 billion in aid to meet payroll By David Koenig, Associated Press 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. Continue reading
Jan 16 U.S. Treasury announces it will begin selling new 20-year bond By Martin Crutsinger, Associated Press Faced with financing budget deficits topping $1 trillion annually, the Treasury is introducing a new 20-year bond. Continue reading
Jul 31 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… Continue watching
Jul 31 Column: The Fed is lowering interest rates, but so are market forces By Paul Solman Is the Fed solely responsible for driving down interest rates? There's plenty of reason to think the answer is no. Continue reading
Jul 29 U.S. Treasury projects it will borrow $433 billion this quarter By Martin Crutsinger, Associated Press Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year. Continue reading
Jul 25 U.S. sanctions Venezuela President Maduro’s stepsons By Joshua Goodman, Luis Alonso Lugo, Associated Press The U.S. accused them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts. Continue reading