U.S. Treasury Secretary Scott Bessent addressed his department’s ongoing investigation into Federal Reserve Chair Jerome Powell and the administration’s new $1,000 “Trump Accounts” for children born during President…
Read more Read the full transcript of Kelly O’Grady’s interview with Treasury Secretary Scott Bessent hereU.S. Treasury Secretary Scott Bessent on Wednesday touted the benefits of the Trump administration’s new savings program for U.S. children, telling “CBS Saturday Morning” co-host Kelly O’Grady that…
Read more Bessent touts Trump Accounts as rainy day fund and slams critics asU.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration’s focus on Minnesota amidst…
Read more U.S. Treasury Secretary pushes for Minnesota fraud crackdown as tensions over ICE efforts flareThe penny appears to have run out of luck. The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year…
Read more What will companies do without pennies? We asked McDonald’s, Wendy’s, Kroger and other top retailers.The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country’s mounting debt comes as the government remains closed,…
Read more U.S. debt tops $38 trillion for the first time, worsened by government shutdownThe Treasury Department said it is working on a $1 coin featuring President Trump’s image to mark the 250th anniversary of U.S. independence next year, although the design…
Read more Treasury Department may issue $1 Trump coin for 250th anniversary of U.S. independenceThe Federal Reserve is widely expected to lower its benchmark interest rate this week for the first time since December of 2024. A rate cut would give Americans…
Read more How does the Fed influence mortgage rates? Here’s what to know as policymakers consider trimming borrowing costs.Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing. The U.S.-China relationship…
Read more Secretary Yellen meets with Chinese Premier Li in Beijing:Soaring interest rates in the U.S. have boosted the cost of everything from mortgages to credit cards, socking households still hurting from the high inflation. The silver lining?…
Read more Are I-bonds a good investment now? Here’s what to know.White House blames Republicans for U.S. credit rating downgrade – CBS News Watch CBS News Fitch Ratings downgraded the U.S. government’s top credit rating on Tuesday. The White…
Read more White House blames Republicans for U.S. credit rating downgradeAmerica’s sovereign debt is considered the gold standard by investors and nations across the globe, with Treasuries viewed as a source of safe and stable returns. But on…
Read more Fitch downgraded U.S. debt, and the stock market slid. Here’s what it means.Beijing — U.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes…
Read more U.S. Treasury chief Janet Yellen pushes China overEstimated debt ceiling deadline pushed to June 5 as negotiations continue – CBS News Watch CBS News Treasury Secretary Janet Yellen announced Friday that the estimated deadline that…
Read more Estimated debt ceiling deadline pushed to June 5 as negotiations continueThe so-called debt ceiling — the amount the U.S. government can borrow to honor its spending obligations — may seem like an abstract political issue for congressional leaders…
Read more Debt ceiling: 3 ways your finances could be affectedIt was one of the final decisions Trump officials made before leaving office. On January 15, 2021, the Treasury Department eased sanctions on Israeli billionaire Dan Gertler, temporarily…
Read more New documents show top Trump officials disregarded concerns by State Dept. officials in relaxing sanctions on IsraeliTreasury Secretary Janet Yellen has told CBS News that the spectacular collapse of cryptocurrency exchange FTX, which sent shockwaves through the crypto world last week with its bankruptcy…
Read more Janet Yellen says FTX collapse shows cryptocurrencies areSo many investors are rushing to buy Series I savings bonds ahead of an October 28 deadline to lock in a rate of 9.62% that it crashed a…
Read more Surging demand for
