Top Treasury Official Leaves Agency After Musk Allies Demand Access to Social Security Payment System: Report
A top Treasury official left the agency after Elon Musk's allies allegedly demanded access to the Social Security payment system.
Top Gang Leader Backed By Sinaloa Cartel And Sanctioned By The U.S. Captured In Ecuador
"El Chino" was arrested along with two other alleged suspects; authorities seized drugs, firearms and armored vehicles
Trump's Tariff Plans May 'Derail' US Inflation Progress: Yellen
Her comments at the Wall Street Journal's CEO Council Summit come as Trump has vowed broad tariffs of at least 10% on all imports, and higher rates on goods from China, Canada and Mexico.
Trump Eyes Kevin Warsh For Next Treasury Secretary, Potential Fed Chair Role: Report
Donald Trump is considering Kevin Warsh to become the next Treasury Secretary under his term.
US October Deficit Swells 287% To $257 Billion
According to a report by the Treasury Department on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.
US Treasury Taps Machine Learning AI To Recover $4 Billion In Fraud
The Treasury Department's recovery this fiscal year, a significant jump from the $652.7 million recovered in FY23, is driven by the Office of Payment Integrity (OPI) within the Bureau of the Fiscal Service strengthening its fraud prevention efforts.
Yellen Warns China Industrial Subsidies Pose Risk To World Economy
Yellen arrived in the southern city of Guangzhou on Thursday for several days of talks with Chinese officials on her second visit to the world's second-largest economy in less than a year.
US To Sanction Over 500 Targets Involved In Russia 'War Machine'
The action to be rolled out on Friday will hit "Russia, its enablers, and its war machine," a Treasury spokesperson told AFP.
FinCEN Targets Investment Advisors with Full Anti-Money Laundering Requirements
If approved, the new rules would require investment advisers to file suspicious activity reports
Yellen Urges China To Shift From 'Unfair' State-driven Economic Policy
US companies have long complained about what they see as an unfair business environment in China, with limited protection for intellectual property and preferential treatment afforded to domestic competitors.
Yellen To Visit Mexico For Talks On Supply Chains, Combating Fentanyl Trafficking
The trip comes amid the U.S. Treasury Department's announcement of a "counter-fentanyl strike force," as "combatting the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department."
Mysterious Rise In US Treasury Yields Perturbs Markets
On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak.
Biden Mulls Launch Of Crypto 'Digital Dollar' As US Inflation Reaches 40-Year High
With inflation at a 40-year high, President Joe Biden on Wednesday signed an executive order instructing the Treasury and Commerce Departments and corresponding agencies to report back to him on the future of money as the country explores if it should create its own crypto-like U.S. Central Bank Digital Currency.