Matt Gaetz doesn't "believe" Janet Yellen on looming crisis
"I don't understand why we're not making Janet Yellen show her work," the Florida congressman said.
China fears U.S. debt default as much as anyone
A debt default in the United States is likely to lead to a global financial crisis that would hit the Chinese economy too.
How bad weather made America's debt crisis even worse
Disaster declarations in several states after severe weather incidents have delayed the tax-filing deadline for thousands of residents.
Fact Check: Did Janet Yellen claim U.S. Inflation was "transitory"?
House Speaker Kevin McCarthy took aim at the treasury secretary during a press conference addressing the debt ceiling.
How the debt ceiling bill divides Americans
Half of U.S. voters think the government is spending too much, as Joe Biden faces a fight over the debt ceiling to keep funding for his agenda.
U.S. Treasury seeks to calm fears after First Republic Bank fails
Responsibility for the bank's assets and deposits has been taken over by JPMorgan Chase.
Yellen warns default would cause "widespread damage" to U.S. economy
House Republicans have called for spending cuts to certain programs as a condition for raising the country's debt ceiling.
Unclaimed Money Waiting in State Treasuries Amounts to Billions of Dollars
The unclaimed funds managed by the Department of the Treasury could include anything from lost saving accounts, inheritance, life insurance and properties
How the U.S. Bond Market Is Giving a Key Clue About the Next Recession
With inflation hitting a 40-year high in May, concerns of a U.S. recession have been mounting in recent weeks.
Janet Yellen Says Inflation 'Unacceptably High,' Expects 'Economy to Slow'
The treasury secretary, however, said that she doesn't believe that a recession is "inevitable" on Sunday.
Superyachts Putin Used to Meet With Belarus Targeted in New Sanctions
The new sanctions aim to "further tighten and enforce existing sanctions" by pinpointing yachts in which "sanctioned Russian elites maintain interests."
Stimulus Check Update: Americans in 43 States Eligible for More Money
Financial aid for homeowners under the Homeowner Assistance Fund is also available for the District of Columbia, Puerto Rico, U.S. territories and tribes.
Starting With Maya Angelou, These Women Will Be Featured on U.S. Quarter
The United States Mint series will feature prominent women from U.S. history on the coin over the next four years.
Stimulus Check Update: Monthly $2K Petition 8,000 Signatures Away From 3M
On Christmas Day of 2021, the online petition is a little more than 8,000 signatures away from its goal of 3 million.
China Bans 4 U.S. Officials After Sanctions From Biden Administration
U.S. Treasury Department announced sanctions against China on December 10 to place barriers in the global financial system for the people and bodies targeted.
GOP Says Biden's Banking Nominee Has Ideas Rooted in 'Socialist Manifesto'
Sen. Pat Toomey asked to see a copy of an essay written by Comptroller of the Currency nominee Saule Omarova "in the original Russian."
States Report Very Little Fraud Among Thousands of Rental Assistance Apps
Housing officials said most applicants suspected of attempting fraud sent in multiple applications from the same address.
Seeking to Boost Post-Pandemic Revenue, 136 Countries OK Corporate Tax Rate
The agreement to establish a minimum corporate tax rate is expected to deter large multinational companies from moving their profits offshore.
Treasury Secretary Warns US Default on Debt Will Trigger Interest Rate Rise
Treasury Secretary Janet Yellen warned Congress that "our country would likely face a financial crisis and economic recession" if the debt ceiling isn't raised.
Jack Dorsey Rips Government Plans to Regulate Bitcoin
In a 4,600-word open letter to the Financial Crimes Enforcement Network of the U.S. Treasury Department that has gone viral, Twitter founder and Square, Inc. CEO Jack Dorsey ripped the proposed regulations of Bitcoin and other crypto-currencies.
Treasury Asks Federal Reserve to Return Unused COVID Emergency Funds
U.S. Treasury Secretary Steven Mnuchin requested the return of $455 billion in coronavirus-related funding by the Federal Reserve on Thursday.
IRS Failed to Get Stimulus Cash to 'Vulnerable Population,' Top Dem Says
"It is inexplicable that the agency waited so long to reach out to this vulnerable population," Congressman Richard Neal wrote.
Trump Admin Should Disclose Names of PPP Loan Recipients: Top Democrat
New York Rep. Hakeem Jeffries urged the federal government to show "maximum transparency" about its stimulus loan program to support small companies with their payroll costs.
Treasury Temporarily Limits Paycheck Protection Program to Smaller Banks
"SBA is working to ensure that all eligible small businesses have access to this funding to sustain their businesses and keep their employees on payroll," Treasury Secretary Steven Mnuchin said in a joint statement.
Paycheck Protection Program Reopens, Applications to Resume on Monday
"All eligible borrowers who need these funds should work with an approved lender to apply," read a joint statement from the U.S. Treasury Department and the Small Business Administration.
China, a Large American Creditor, Won't Be Funding Your Stimulus Check
The U.S. Treasury will issue trillions of dollars in new debt to fund the massive coronavirus stimulus program. Who will buy it?
Trump Says He'll Personally Ask Harvard University to Return Virus Aid Cash
However, while the president singled out Harvard as an entity that should return the money, Harvard says the university received no funds from the Paycheck Protection Program, but rather through an allocation through the CARES Act.
Americans Complain of 'Payment Status Not Available' Message on IRS Website
Many people who expected to receive their stimulus money Wednesday were left wondering when they would get their payments, if at all.
Are Stimulus Checks Delayed? Electronic Payments Underway, Paper Slips Due
The U.S. Treasury Department said its payment schedule for the stimulus checks is running on time with no delays.
Putting Trump's Name on Stimulus Checks Is 'Abuse of Government Resources'
The U.S. Treasury reportedly requested that the IRS add President Donald Trump's name to the paper stimulus checks due to be mailed out to American households.