TREASURY DEPARTMENT

The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents.

The U.S. is imposing sanctions on four firms and one individual connected to the Wagner Group.

Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle.

Proposals to raise the nation's debt limit include spending cuts to coronavirus relief funds that haven't been used.

President Joe Biden and House Speaker Kevin McCarthy are to meet face to face on Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling.

The IRS is taking steps to protect the identity of its workers in an effort to deter personal threats aimed at the tax agency's employees.

President Joe Biden and his administration have been searching for ways he might act unilaterally to avoid an economic “calamity” if Congress can’t reach agreement to allow more federal borrowing.

Treasury Secretary Janet Yellen says that in her personal opinion, the United States should adopt a different system for national finances that might forestall repeated standoffs with Congress over spending.

The United States has sanctioned a son of Mexican drug lord Joaquin “El Chapo” Guzman, three members of the Sinaloa cartel and two Mexican-based firms, alleging they trafficked fentanyl and other drugs into the U.S. Tuesday's sanctions came the day Mexican President Andrés Manuel López Obrador was talking with President Joe Biden about immigration and the fentanyl crisis.

In January, the U.S. government ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default.

A Russian arms dealer, his son and a group of front companies across Asia, Europe and the Middle East and their leadership have been targeted for U.S. sanctions in an effort to quell Russia’s access to weapons to continue its invasion of Ukraine.

Democratic Sen. Joe Manchin is trying to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law.

The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion.

The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month.

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle.

The Biden administration is slapping sanctions on Iran's chief prosecutor, four other Iranian officials and a company that supports the country's security forces for their roles in an ongoing violent crackdown on antigovernment protests.

People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.

The Biden administration is slapping corruption sanctions on the son of Zimbabwe's president as the U.S. prepares to host a major summit of African leaders in Washington.

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition.

The U.S. has imposed its second round of sanctions in less than a week on people and firms in Africa who it says have provided financial or material support to the Islamic State group.

Two Haitian politicians are facing U.S. sanctions over allegations they abused their positions to traffic drugs in collaboration with gang networks and directed others to engage in violence.

The Treasury Department has sanctioned a group of people and firms connected to Mexico’s Sinaloa drug cartel, including a sibling involved in the family-run Valenzuela drug trafficking organization.

More families who are offered expensive health insurance premiums from their employers will get a discount if they sign up instead for coverage through the Affordable Care Act marketplace this fall.

The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday.

The U.S. government has imposed sanctions on the head of Bosnia’s autonomous Bosniak-Croat Federation and others.

Tens of millions of small U.S. companies will soon be required to submit details on their owners and others who benefit from them.

The U.S. government has imposed sanctions on a Bosnian state prosecutor who is accused of being complicit in corruption and undermining democratic processes or institutions in the Western Balkans.

The Treasury Department says it will allow American tech firms to expand their business in Iran to boost internet access for the Iranian people.

Treasury Secretary Janet Yellen heads to the Durham, North Carolina, area next Tuesday as part of her ongoing national tour to promote the Biden administration’s legislative agenda ahead of midterm elections.

Elon Musk’s hopes to operate his satellite internet firm in Iran require permission from the Treasury Department, which said Tuesday it welcomes applications to support internet freedom in the country, which is largely isolated from western economies.

The Justice Department says three Iranian citizens have been charged in the United States with ransomware attacks that targeted power companies, local governments and small businesses and nonprofits, including a Pennsylvania domestic violence shelter.

Mohegan Chief Marilynn “Lynn” Malerba was sworn in Monday, becoming the nation’s first Native American to serve as U.S. Treasurer.

Two key lawmakers want the government to investigate whether airlines used federal pandemic-relief money to encourage employees to quit.

Australia’s central bank has boosted its benchmark interest rate for a fifth consecutive month to a seven-year high of 2.35%.

Treasury Secretary Janet Yellen is warning that a failure to place a price cap on Russian oil would hurt the global economy.

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

The U.S. government is moving forward with its plan to award new tax credits to electric vehicle purchasers.

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia.

A monitor appointed by a federal judge in the wake of a United Auto Workers bribery and embezzlement scandal says the union has been uncooperative, withholding information on additional misconduct allegations.

The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday.

A multinational task force designed to seize Russian oligarchs' wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days.

The U.S. has imposed sanctions on Nicaragua’s state-owned gold mining company and the president of its board of directors partly over the Central American nation’s ties to Russia.

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.

The U.S. announced Monday it is imposing financial penalties on five people accused of fundraising for the Islamic State group and using the funds to help traffic children to serve as fighters for the organization.

Treasury Secretary Janet Yellen says the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future.

A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine.

The U.S. and its European allies will impose stiff new sanctions Wednesday, including a ban on new investments in Russia, in retaliation for Russia’s “war crimes” in Ukraine, according to the White House.

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A Belgian businessman sanctioned by the U.S. over allegations of illicit gold trade in Congo said Friday the action undermines efforts to improve transparency in a region seeing rising official exports of the mineral.

President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency.

The Biden administration is seeking to assure financial institutions and other businesses that U.S. sanctions on the Taliban aren’t intended to interfere with trade that could help Afghanistan emerge from an economic and humanitarian crisis.

Vacant high-ranking positions across the executive branch could be taking a toll on the Biden administration.

The U.S. government wants to give people better beer choices.

A federal judge has sided with the Treasury Department in a case that challenged the distribution of coronavirus relief aid to Native American governments.

State and local governments reported more than $117 billion of revenue losses in the first year of the coronavirus pandemic.

Treasury Secretary Janet Yellen has told a gathering of America’s mayors the Biden administration’s coronavirus relief bill is “like a vaccine” preventing catastrophic economic damage.

The Biden administration is threatening to recoup COVID-19 relief funds sent to Arizona over state provisions it says discourage families and school districts from following federal guidance recommending face coverings in schools.

The Treasury Department says states and localities in November paid out the largest amount of rental assistance to cash-strapped tenants since the program began.

The Treasury Department says it is issuing special licenses to ensure that some international aid can flow to Afghanistan.

The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year.

The U.S. issued financial sanctions and visa bans on former and current government officials and entities in nine countries Friday — including China, Myanmar and Russia — as part of coordinated actions with Canada and the U.K. to coincide with International Human Rights Day.

The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages.

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.

A federal judge has blocked the U.S. Treasury from enforcing a provision of the American Rescue Plan that prohibited states from using the pandemic relief funds to offset new tax cuts.

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year.

The United States has hit Iran with a fresh set of sanctions as President Joe Biden prepares for a key weekend meeting with European leaders to discuss the possible resumption of nuclear talks with the Islamic Republic.

The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in people being turned out of their homes despite the expiration of the federal eviction moratorium.

The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.

Many states and cities across the U.S. are getting off to a slow start in spending money from this year's coronavirus relief package championed by President Joe Biden and Democrats.

The Treasury Department says there's been good progress in the distribution of rental assistance to help avert evictions.

The Biden administration is trying to choke the finances of criminal ransomware gangs by sanctioning a Russia-based virtual currency brokerage it says has been used by at least eight ransomware gangs to launder criminal proceeds.

The House has approved legislation to fund the government, suspend its borrowing limit and provide federal disaster and refugee aid.

Vice President Kamala Harris will visit ‘The View’ studio on Friday for her sixth appearance on the daytime chat show — but her first as vice president.

House Democrats said Friday they planned to take action next week to suspend the cap on the government’s borrowing authority.

The Treasury Department says the U.S. budget deficit rose to $2.71 trillion through August.

A think tanks says the government will likely face an unprecedented default on its debt obligations between mid-October and mid-November, seconding a warning earlier this week from the Treasury.

States have begun to ramp up the amount of rental assistance reaching tenants but there are still millions of families facing eviction who haven't gotten help.

Only 11% of the tens of billions of dollars in federal rent assistance meant to help tenants around the country avoid eviction has been distributed.

Another round of child tax credit payments was sent to many American families this week, but some might have been delayed by what the IRS calls a “technical issue.”

The Biden administration has unveiled new sanctions against a Cuban official and government entity it says was involved in human rights abuses during a government crackdown on protests on the island earlier this month.

The first round of child tax credit payments started hitting parents’ bank accounts Thursday.

The U.S. government's deficit for the first nine months of this budget year has hit $2.24 trillion.

With the federal eviction moratorium extended through July, the focus has turned to getting rental assistance out to millions of tenants.

Treasury Secretary Janet Yellen has told a congressional panel that failing to raise the federal debt ceiling would have “absolutely catastrophic consequences” that could bring on a financial crisis.

Treasury Secretary Janet Yellen is providing assurances to Congress the recent jump in inflation is being watched very closely by the Biden administration, but said again that such increases appear temporary.

Top regulators are pledging to push reforms in a key corner of U.S. financial markets that the Federal Reserve and Treasury had to rush to support after it was roiled during the coronavirus outbreak in the spring of 2020.

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs drove spending to all-time highs.

The Navajo Nation has by far the largest land mass of any Native American tribe.

The Treasury Department says 39 million families are set to receive monthly child payments beginning on July 15.

The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year.

The Australian government has released a big-spending economic plan for the next fiscal year that includes hefty investments in defense and national security as relations with China worsen.

The Treasury Department is launching its $350 billion program to distribute aid to state and local governments.

The Treasury Department says Konstantin Kilimnik, a Russian and Ukrainian political consultant, shared sensitive information from Donald Trump’s 2016 presidential campaign with Russian intelligence services.

The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year.

This year’s tax season was scheduled to end April 15, but multiple news outlets reported Wednesday that the IRS is planning to push the deadline date to file an extra month. According to CNBC and other national outlets, the agency is considering moving the filing deadline to either May 15 or possibly May 17 since the 15th is a Saturday. The IRS typically delays filing deadlines that fall on a weekend or holiday to the next business day. There have been calls to extend the deadline after the passage of the $1.9 trillion American Rescue Plan. Processing of the payments began last Friday, the day after Biden signed the American Rescue Plan, which authorized direct payments of up to $1,400 to qualifying individuals.

The Treasury Department says it has sent out 90 million economic impact payments totaling $242 billion since President Joe Biden signed a $1.9 trillion pandemic relief plan. (AP Photo/Jacquelyn Martin, File)WASHINGTON – The Treasury Department says it has sent out 90 million economic impact payments totaling $242 billion since President Joe Biden signed a $1.9 trillion pandemic relief plan last week. Processing of the payments began last Friday, the day after Biden signed the American Rescue Plan, which authorized direct payments of up to $1,400 to qualifying individuals. Included were people who don't typically file a return but who used a non-filers tool at IRS.gov last year to be included in two earlier rounds of COVID-19 relief payments. No action is needed by most taxpayers to receive the payments, which will be automatic and similar to how people received their first and second round of economic impact payments in 2020.

JACKSONVILLE, Fla. – Mayor Lenny Curry on Monday announced a new round of federal funding for rent and utility assistance that will be dispersed by the city of Jacksonville. The $28.9 from the Treasury’s Emergency Rental Assistance Program comes with guidelines that were laid out by the city. The funds will be available to citizens to cover up to 12 months of rent and utility payments with the option for an additional three months if determined necessary to ensure housing stability. Ron DeSantis announced the state would receive roughly $1.4 billion through the federal emergency rental assistance program to help those financially impacted by the pandemic. According to the Treasury Department, several counties in Northeast Florida are slated to receive millions of dollars in funding including Clay County, St. Johns County, and Duval County.

FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks are opening higher on Wall Street after more companies reported strong earnings and as hopes continue to build for another round of help for the economy from Washington. (AP Photo/Seth Wenig, File)WASHINGTON – The nation's top financial markets regulators say they will look into whether recent stock market turbulence is an indication that current trading practices are not doing enough to protect investors. The department issued the statement after a meeting of regulators convened by Treasury Secretary Janet Yellen. The market battle, led by traders gathered on Reddit, sent shares of severely damaged companies like GameStop and AMC soaring.