The U.S. economy continues to grow despite the 5.5% benchmark federal funds…
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U.S. Department of the Treasury
31 posts
Moody’s lowers U.S. credit-rating outlook to negative, warns ‘fiscal deficits will remain very large’
Moody’s Investors Service turned negative on the US’s credit rating outlook Friday, citing…
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters…
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters…
CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions
WASHINGTON (AP) — CIA Director William Burns went to Beijing in May…
Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal
WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted” in his…
Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’
WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin…
Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy met…
Lawmakers war-game conflict with China, hoping to deter one
WASHINGTON (AP) — It’s April 22, 2027, and 72 hours into a…
AP sources: EPA car rule to push huge increase in EV sales
WASHINGTON (AP) — The Biden administration will propose strict new automobile pollution…
Biden pushes econ policy as Trump indictment gets attention
FRIDLEY, Minn. (AP) — President Joe Biden ventured to suburban Minneapolis on…
U.S. cities are filling up with luxury apartments despite ‘housing recession’
Scores of luxury homes are coming to major cities across the United…
Many electric vehicles to lose big tax credit with new rules
WASHINGTON (AP) — Fewer new electric vehicles will qualify for a full…
CNBC Daily Open: Jerome Powell flipped the script
Federal Reserve Board Chairman Jerome Powell holds a news conference following a…
Yellen declares bank system sound, as new rescues ordered
WASHINGTON (AP) — Treasury Secretary Janet Yellen offered firm, upbeat reassurances to…
US turns to new ways to punish Russian oligarchs for the war
WASHINGTON (AP) — The U.S. has begun an aggressive new push to…
In rift with Biden, Manchin vows to block oil, gas nominee
WASHINGTON (AP) — In a sign of a deepening rift among Democrats…
Biden expected to tighten rules on US investment in China
WILMINGTON, Del. (AP) — The Biden administration is close to tightening rules…
Dubai boom sees Russian cash, high rents and reborn projects
DUBAI, United Arab Emirates (AP) — Fourteen years after a financial crisis…
U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress
Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will…