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
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