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  • BREAKING NEWS

BREAKING NEWS

The Latest: Hundreds of 'No Kings' protests and rallies planned for Saturday over Trump’s policies

TREASURY DEPARTMENT


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Stop making cents: US Mint moves forward with plans to kill the penny

Read full article: Stop making cents: US Mint moves forward with plans to kill the penny

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out.

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Judge relaxes ban on DOGE access to sensitive US Treasury information

Read full article: Judge relaxes ban on DOGE access to sensitive US Treasury information

A New York judge has relaxed a ban she'd put on Elon Musk’s Department of Government Efficiency preventing it from accessing sensitive U.S. Treasury Department information.

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US budget deficit grows to $1.3 trillion, the second highest six-month level on record

Read full article: US budget deficit grows to $1.3 trillion, the second highest six-month level on record

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year.

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US could run short of money to pay its bills by August without a debt limit deal, CBO says

Read full article: US could run short of money to pay its bills by August without a debt limit deal, CBO says

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House.

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Judge upholds ban on DOGE accessing sensitive Treasury information, for now

Read full article: Judge upholds ban on DOGE accessing sensitive Treasury information, for now

A federal judge in Manhattan has extended a ban on Elon Musk’s Department of Government Efficiency accessing sensitive Treasury Department information, but rejected broader restrictions sought by 19 Democratic state attorneys general who sued over the issue.

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Judge leaves intact a ban on DOGE access to Treasury records pending a hearing Friday

Read full article: Judge leaves intact a ban on DOGE access to Treasury records pending a hearing Friday

A federal judge has left intact a ban that prevents Elon Musk’s Department of Government Efficiency from accessing Treasury Department records containing sensitive personal data for millions of Americans, though she made clear that Treasury Secretary Scott Bessent is exempt.

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Russian cybercrime network targeted for sanctions across US, UK and Australia

Read full article: Russian cybercrime network targeted for sanctions across US, UK and Australia

The U.S., U.K. and Australia have sanctioned a Russian web-hosting services provider and two Russian men who administer the service in support of Russian ransomware syndicate LockBit.

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DOGE's access to Treasury data risks US financial standing and raises security worries, experts warn

Read full article: DOGE's access to Treasury data risks US financial standing and raises security worries, experts warn

The Department of Government Efficiency’s embed into the federal government has raised a host of concerns, transforming a debate over how to cut government waste into a confrontation over privacy rights and the nation’s financial standing in the world.

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Federal judge blocks Elon Musk's DOGE from accessing sensitive US Treasury Department material

Read full article: Federal judge blocks Elon Musk's DOGE from accessing sensitive US Treasury Department material

A federal judge has blocked Elon Musk’s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans.

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Democrats ask for an investigation into DOGE's access to Treasury's payment systems

Read full article: Democrats ask for an investigation into DOGE's access to Treasury's payment systems

Democratic lawmakers are seeking a Treasury Department investigation of the access that Elon Musk’s team was given to the government’s payment system.

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A federal judge won't immediately block DOGE access to the US Labor Department

Read full article: A federal judge won't immediately block DOGE access to the US Labor Department

A federal judge won't immediately block Elon Musk’s team from accessing systems at the Labor Department.

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Treasury tells Congress that DOGE has ‘Read Only’ access to payment systems

Read full article: Treasury tells Congress that DOGE has ‘Read Only’ access to payment systems

A Treasury Department official has written a letter to federal lawmakers saying that a tech executive working with Elon Musk’s “Department of Government Efficiency” will have “read-only access” to the government’s payment system.

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Supreme Court allows small business registration rule to take effect, aimed at money laundering

Read full article: Supreme Court allows small business registration rule to take effect, aimed at money laundering

The Supreme Court has revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department under an anti-money laundering law.

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Proposed rules would require nutrition info, allergen warnings on alcohol labels

Read full article: Proposed rules would require nutrition info, allergen warnings on alcohol labels

Labels on wine, distilled spirits and malt beverages in the U.S. would be required to list alcohol content and nutritional information per serving, plus notification of potential allergens, under two new rules proposed Thursday by the Treasury Department.

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Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC

Read full article: Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC

An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen’s house fired a weapon following a confrontation with the occupants of a sedan.

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Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'

Read full article: Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'

U_S_ Treasury official Jay Shambaugh says withdrawing the U_S_ from the IMF and World Bank would be “a step backward."

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Treasury rule would expand tax credits for installing electric vehicle chargers

Read full article: Treasury rule would expand tax credits for installing electric vehicle chargers

The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers.

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140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear

Read full article: 140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear

The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program.

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White House promises 'major sanctions' on Russia in response to Alexei Navalny's death

Read full article: White House promises 'major sanctions' on Russia in response to Alexei Navalny's death

The White House says it is preparing additional “major sanctions” on Russia in response to opposition leader Alexei Navalny’s death last week in an Arctic penal colony.

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Pennsylvania Capitol protest against state investing in Israel bonds ends with arrests

Read full article: Pennsylvania Capitol protest against state investing in Israel bonds ends with arrests

More than 100 people protesting the Pennsylvania state government’s investments in Israel were taken into custody in the Capitol Rotunda in Harrisburg.

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US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

Read full article: US Treasury Department issues guidelines around a new tax credit for sustainable aviation fuel

The Treasury Department is spelling out the rules for tax credits designed to stimulate production of sustainable aviation fuel.

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New sanctions from the US and Britain target Hamas officials who help manage its financial network

Read full article: New sanctions from the US and Britain target Hamas officials who help manage its financial network

The United States has announced new war-related of sanctions against Hamas, targeting eight officials and representatives who help manage the militant group’s financial network.

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In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Read full article: In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking

Treasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel.

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Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Read full article: Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force

Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking.

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US sanctions financial network tied to Iranian oil sales

Read full article: US sanctions financial network tied to Iranian oil sales

On Wednesday the U.S. Treasure Department imposed a new round of sanctions against a group of 20 people and firms who are allegedly involved in a financial facilitation network for the benefit of the Iranian military.

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Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades

Read full article: Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades

U.S. Treasury Secretary Janet Yellen is suggesting that a ransomware attack that forced China’s biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market.

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US announces sweeping action against Chinese fentanyl supply chain producers

Read full article: US announces sweeping action against Chinese fentanyl supply chain producers

The Biden administration is taking aim at the fentanyl trafficking threat, announcing a series of indictments and sanctions against Chinese companies and executives blamed for importing the chemicals used to make the deadly drug.

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IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers

Read full article: IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers

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.

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US sanctions gold firms connected to Russian Wagner mercenary group

Read full article: US sanctions gold firms connected to Russian Wagner mercenary group

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

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US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program

Read full article: US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program

The U.S. is sanctioning a network of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program.

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The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing.

Read full article: The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing.

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

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McCarthy says debt ceiling standoff 'not my fault,' as White House warns of economic risks

Read full article: McCarthy says debt ceiling standoff 'not my fault,' as White House warns of economic risks

A defiant House Speaker Kevin McCarthy says the debt ceiling standoff is “not my fault” after he sent Republican negotiators to the White House to finish out debt limit talks.

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How raising the nation's debt limit could reduce spending of some coronavirus relief funds

Read full article: How raising the nation's debt limit could reduce spending of some coronavirus relief funds

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

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Debt ceiling explained: What to know about the showdown in Washington as default looms

Read full article: Debt ceiling explained: What to know about the showdown in Washington as default looms

House Republicans still don’t have a deal with President Joe Biden to raise the nation’s debt ceiling a little more than a week away from a potentially catastrophic default.

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IRS takes steps to protect identity of workers in effort to deter personal threats

Read full article: IRS takes steps to protect identity of workers in effort to deter personal threats

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.

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Why Biden is wary of using the 14th Amendment to address the debt limit crisis

Read full article: Why Biden is wary of using the 14th Amendment to address the debt limit crisis

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.

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Yellen: Different system needed to end repeated standoffs over US debt ceiling

Read full article: Yellen: Different system needed to end repeated standoffs over US debt ceiling

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

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El Chapo's son, Sinaloa members face sanctions over fentanyl

Read full article: El Chapo's son, Sinaloa members face sanctions over fentanyl

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 talked with President Joe Biden about immigration and the fentanyl crisis.

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What's behind the looming 'x-date' on the US debt limit?

Read full article: What's behind the looming 'x-date' on the US debt limit?

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.

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Russian arms dealer, son and front firms hit with sanctions

Read full article: Russian arms dealer, son and front firms hit with sanctions

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.

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Manchin pushes to delay tax credits for electric vehicles

Read full article: Manchin pushes to delay tax credits for electric vehicles

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.

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US Treasury buys time for Biden and GOP on debt limit deal

Read full article: US Treasury buys time for Biden and GOP on debt limit deal

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.

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US to max out on debt soon, setting up political fight

Read full article: US to max out on debt soon, setting up political fight

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

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EXPLAINER: 2023 tax credits for EVs will boost their appeal

Read full article: EXPLAINER: 2023 tax credits for EVs will boost their appeal

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

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US hits more Iranian officials with human rights sanctions

Read full article: US hits more Iranian officials with human rights sanctions

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.

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Rule delay makes big EV tax credit possible early next year

Read full article: Rule delay makes big EV tax credit possible early next year

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.

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US hits Zimbabwe president's son with sanctions

Read full article: US hits Zimbabwe president's son with sanctions

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.

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Biden eases Venezuela sanctions as opposition talks resume

Read full article: Biden eases Venezuela sanctions as opposition talks resume

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.

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U.S. sanctions South African Islamic State-affiliated firms

Read full article: U.S. sanctions South African Islamic State-affiliated firms

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.

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US sanctions Haitian politicians on drug trafficking claims

Read full article: US sanctions Haitian politicians on drug trafficking claims

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.

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US sanctions Mexicans linked to powerful Sinaloa drug cartel

Read full article: US sanctions Mexicans linked to powerful Sinaloa drug cartel

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.

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New rules fix 'flaw' for families seeking Obamacare coverage

Read full article: New rules fix 'flaw' for families seeking Obamacare coverage

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.

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US starts fiscal year with record $31 trillion in debt

Read full article: US starts fiscal year with record $31 trillion in debt

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

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US sanctions Bosnian minister in anti-corruption effort

Read full article: US sanctions Bosnian minister in anti-corruption effort

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

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Treasury moves forward with database on corporate ownership

Read full article: Treasury moves forward with database on corporate ownership

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

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US sanctions 'brazenly corrupt' Bosnian state prosecutor

Read full article: US sanctions 'brazenly corrupt' Bosnian state prosecutor

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.

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US allows tech firms to boost internet access in Iran

Read full article: US allows tech firms to boost internet access in Iran

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

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Yellen to visit North Carolina ahead of tight midterm races

Read full article: Yellen to visit North Carolina ahead of tight midterm races

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.

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Musk to seek exemption from Iran sanctions for Web access

Read full article: Musk to seek exemption from Iran sanctions for Web access

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.

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3 Iranian citizens charged in broad hacking campaign in US

Read full article: 3 Iranian citizens charged in broad hacking campaign in US

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.

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Malerba sworn in as 1st Native American in US Treasurer post

Read full article: Malerba sworn in as 1st Native American in US Treasurer post

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

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2 House chairs seek probe into airlines' use of federal aid

Read full article: 2 House chairs seek probe into airlines' use of federal aid

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

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Australia central bank lifts cash rate to 2.35% in 5th hike

Read full article: Australia central bank lifts cash rate to 2.35% in 5th hike

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

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Yellen warns of failure to agree on Russia oil price cap

Read full article: Yellen warns of failure to agree on Russia oil price cap

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

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Yellen tells IRS to develop modernization plan in 6 months

Read full article: Yellen tells IRS to develop modernization plan in 6 months

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.

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Which EVs qualify for new US tax credit? Websites offer help

Read full article: Which EVs qualify for new US tax credit? Websites offer help

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

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US sanctions UAE, Hong Kong firms that ship Iranian oil

Read full article: US sanctions UAE, Hong Kong firms that ship Iranian oil

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.

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Federal monitor accuses UAW of concealing misconduct probe

Read full article: Federal monitor accuses UAW of concealing misconduct probe

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.

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Senate approves Michael Barr to Federal Reserve post

Read full article: Senate approves Michael Barr to Federal Reserve post

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

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$30B from Russian oligarchs frozen under REPO seizure effort

Read full article: $30B from Russian oligarchs frozen under REPO seizure effort

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.

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US sanctions Nicaraguan gold mining firm over ties to Russia

Read full article: US sanctions Nicaraguan gold mining firm over ties to Russia

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.

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US to end Russia's ability to pay international investors

Read full article: US to end Russia's ability to pay international investors

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.

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US sanctions alleged IS child trafficking financiers

Read full article: US sanctions alleged IS child trafficking financiers

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.

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Yellen says more shocks likely to 'challenge the economy'

Read full article: Yellen says more shocks likely to 'challenge the economy'

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

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US, allies aim to force Russia to shift money away from war

Read full article: US, allies aim to force Russia to shift money away from war

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.

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White House: US, allies to ban new investments in Russia

Read full article: White House: US, allies to ban new investments in Russia

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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Got a dime? Businesses seek Treasury help with coin shortage

Read full article: Got a dime? Businesses seek Treasury help with coin shortage

Got a spare dime.

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US sanctions Uganda gold dealer, citing illicit Congo origin

Read full article: US sanctions Uganda gold dealer, citing illicit Congo origin

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.

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Biden signs order on cryptocurrency as its use explodes

Read full article: Biden signs order on cryptocurrency as its use explodes

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.

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US eases trade with Afghanistan despite Taliban sanctions

Read full article: US eases trade with Afghanistan despite Taliban sanctions

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.

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Biden agency vacancies to drag on White House priorities

Read full article: Biden agency vacancies to drag on White House priorities

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

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Treasury brews up ideas for a more competitive beer market

Read full article: Treasury brews up ideas for a more competitive beer market

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

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Judge sides with Treasury in tribes’ coronavirus relief case

Read full article: Judge sides with Treasury in tribes’ coronavirus relief case

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

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After huge pandemic losses, governments see rapid rebound

Read full article: After huge pandemic losses, governments see rapid rebound

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

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Yellen: Biden pandemic relief 'like a vaccine' for economy

Read full article: Yellen: Biden pandemic relief 'like a vaccine' for economy

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.

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Treasury: Arizona risks relief funds over anti-mandate rules

Read full article: Treasury: Arizona risks relief funds over anti-mandate rules

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.

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Treasury: November saw highest disbursement of rental aid

Read full article: Treasury: November saw highest disbursement of rental aid

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.

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US Treasury creates pathway to send aid to Afghanistan

Read full article: US Treasury creates pathway to send aid to Afghanistan

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

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U.S. government deficit down 17% from same period a year ago

Read full article: U.S. government deficit down 17% from same period a year ago

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

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US issues sanctions, visa bans to mark Human Rights Day

Read full article: US issues sanctions, visa bans to mark Human Rights Day

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.

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No currency manipulator labels from US, China on watch

Read full article: No currency manipulator labels from US, China on watch

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.

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States, cities running out of rental assistance monies

Read full article: States, cities running out of rental assistance monies

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.

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Judge blocks tax cut rule in American Rescue Plan

Read full article: Judge blocks tax cut rule in American Rescue Plan

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.

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US budget deficit eases to $165B in October, down 42%

Read full article: US budget deficit eases to $165B in October, down 42%

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.

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Treasury report calls for stricter oversight of stablecoins

Read full article: Treasury report calls for stricter oversight of stablecoins

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.

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US hits Iran with sanctions ahead of key nuke talks meeting

Read full article: US hits Iran with sanctions ahead of key nuke talks meeting

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.

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Treasury claims rental assistance helped stop eviction wave

Read full article: Treasury claims rental assistance helped stop eviction wave

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.

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Treasury Department names first counselor for racial equity

Read full article: Treasury Department names first counselor for racial equity

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.

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AP: States and cities slow to spend federal pandemic money

Read full article: AP: States and cities slow to spend federal pandemic money

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.

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More rental aid is reaching tenants to stave off eviction

Read full article: More rental aid is reaching tenants to stave off eviction

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

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