u.s. treasury department

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

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.

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.

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.

Trump administration bans educational and recreational travel to Cuba

By Matthew Lee, Michael Weissenstein, Associated Press

A Treasury Department statement says the U.S. will no longer allow the group educational and cultural trips known as "people to people" travel to the island.

Trump administration refuses to turn over president's tax returns to House

By Andrew Taylor, Jonathan Lemire, Associated Press

The move, which was expected, is sure to set in motion a legal battle over Trump's tax returns.

Treasury secretary misses House deadline for Trump tax returns, asks for more time

By Associated Press

Steven Mnuchin said in a letter to House Ways and Means Chairman Richard Neal that he will give the panel a final decision by May 6. Neal says he will consult with the committee's lawyers on the next steps.

Mnuchin says Treasury unable to deliver Trump tax returns by deadline

By Andrew Taylor, Jonathan Lemire, Associated Press

Mnuchin told House Ways and Means Committee Chairman Richard Neal, who made the request a week ago, that Treasury respects congressional oversight but needs more time to review the "unprecedented" request.

Mnuchin says he'll 'follow the law' on House request for Trump tax returns

By Andrew Taylor, Associated Press

Secretary Mnuchin revealed that Treasury Department lawyers have talked to the White House counsel's office about the question of releasing President Donald Trump's returns, telling lawmakers that the consultations occurred before the request arrived last week.

Trump administration acts to stop high-tax states from skirting $10,000 cap

By Marcy Gordon, Geoff Mulvihill, Associated Press

Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority.