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Tag: U.S. Department of the Treasury

An ‘IRS CEO’ now exists, and Social Security Administrator Frank Bisignano is the first to fill the position | Fortune

October 6, 2025October 6, 2025 · Business

Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS on Monday, making him the latest member of the Trump administration to…

Read more An ‘IRS CEO’ now exists, and Social Security Administrator Frank Bisignano is the first to fill the position | Fortune
Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says

Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says

August 16, 2024August 16, 2024 · Business

Royal Bank of Canada said it has proof that its former chief financial officer engaged in an intimate relationship with a colleague that she failed to disclose, citing…

Read more Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says
Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more

Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more

December 12, 2023December 12, 2023 · Banking

The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate…

Read more Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more
Moody’s lowers U.S. credit-rating outlook to negative, warns ‘fiscal deficits will remain very large’

Moody’s lowers U.S. credit-rating outlook to negative, warns ‘fiscal deficits will remain very large’

November 10, 2023November 10, 2023 · Business

Moody’s Investors Service turned negative on the US’s credit rating outlook Friday, citing risks to the nation’s fiscal strength and political polarization. The rating assessor lowered the outlook from stable,…

Read more Moody’s lowers U.S. credit-rating outlook to negative, warns ‘fiscal deficits will remain very large’
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

June 13, 2023June 14, 2023 · Business

WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters…

Read more The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

June 12, 2023June 13, 2023 · Breaking News

WASHINGTON (AP) — Much of the theft was brazen, even simple. Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters…

Read more The Great Grift: How billions in COVID-19 relief aid was stolen or wasted
Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal

Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal

June 2, 2023June 5, 2023 · Politics

WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted” in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget…

Read more Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal
CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions

CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions

June 2, 2023June 3, 2023 · Politics

WASHINGTON (AP) — CIA Director William Burns went to Beijing in May to meet with Chinese counterparts, a U.S. official said Friday, in what is the highest level…

Read more CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions
Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’

Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’

May 29, 2023May 29, 2023 · Business

WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May…

Read more Traders turn optimistic on debt ceiling deal — and one strategist says it’s a ‘market opportunity’
Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

May 23, 2023May 23, 2023 · Politics

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy met Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling…

Read more Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end
Lawmakers war-game conflict with China, hoping to deter one

Lawmakers war-game conflict with China, hoping to deter one

April 22, 2023April 23, 2023 · Breaking News

WASHINGTON (AP) — It’s April 22, 2027, and 72 hours into a first-strike Chinese attack on Taiwan and the U.S. military response. Already, the toll on all sides…

Read more Lawmakers war-game conflict with China, hoping to deter one
AP sources: EPA car rule to push huge increase in EV sales

AP sources: EPA car rule to push huge increase in EV sales

April 11, 2023April 13, 2023 · Politics

WASHINGTON (AP) — The Biden administration will propose strict new automobile pollution limits this week that would require at least 54% of new vehicles sold in the U.S.…

Read more AP sources: EPA car rule to push huge increase in EV sales
Biden pushes econ policy as Trump indictment gets attention

Biden pushes econ policy as Trump indictment gets attention

April 5, 2023April 5, 2023 · Technology

FRIDLEY, Minn. (AP) — President Joe Biden ventured to suburban Minneapolis on Monday to talk about factory jobs and contrast his agenda with “the last guy who had…

Read more Biden pushes econ policy as Trump indictment gets attention
U.S. cities are filling up with luxury apartments despite ‘housing recession’

U.S. cities are filling up with luxury apartments despite ‘housing recession’

April 2, 2023April 2, 2023 · Real Estate

Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and…

Read more U.S. cities are filling up with luxury apartments despite ‘housing recession’
Many electric vehicles to lose big tax credit with new rules

Many electric vehicles to lose big tax credit with new rules

March 31, 2023April 3, 2023 · Politics

WASHINGTON (AP) — Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules…

Read more Many electric vehicles to lose big tax credit with new rules
CNBC Daily Open: Jerome Powell flipped the script

CNBC Daily Open: Jerome Powell flipped the script

March 22, 2023March 22, 2023 · Banking

Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting at the Federal Reserve on March 22, 2023 in Washington, DC.…

Read more CNBC Daily Open: Jerome Powell flipped the script
Yellen declares bank system sound, as new rescues ordered

Yellen declares bank system sound, as new rescues ordered

March 17, 2023March 17, 2023 · US News

WASHINGTON (AP) — Treasury Secretary Janet Yellen offered firm, upbeat reassurances to rattled bank depositors and investors Thursday, even as American financial institutions and European agencies ordered fresh…

Read more Yellen declares bank system sound, as new rescues ordered
US turns to new ways to punish Russian oligarchs for the war

US turns to new ways to punish Russian oligarchs for the war

March 13, 2023March 14, 2023 · Breaking News

WASHINGTON (AP) — The U.S. has begun an aggressive new push to inflict pain on Russia’s economy and specifically its oligarchs with the intent of thwarting the Kremlin’s…

Read more US turns to new ways to punish Russian oligarchs for the war
In rift with Biden, Manchin vows to block oil, gas nominee

In rift with Biden, Manchin vows to block oil, gas nominee

March 11, 2023March 12, 2023 · Politics

WASHINGTON (AP) — In a sign of a deepening rift among Democrats on energy issues, conservative Democratic Sen. Joe Manchin says he will not move forward on President…

Read more In rift with Biden, Manchin vows to block oil, gas nominee
Biden expected to tighten rules on US investment in China

Biden expected to tighten rules on US investment in China

March 4, 2023March 7, 2023 · Technology

WILMINGTON, Del. (AP) — The Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China’s ability to acquire…

Read more Biden expected to tighten rules on US investment in China
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