The Federal Reserve’s hotly-anticipated March 22 interest rate decision is just a week and a half away, and the drama that swept the banking and financial sector over the weekend […]
Treasury Department
Trending topics and news from the Treasury Department category
Back to news homeSilicon Valley Bank Fails After Run on Deposits
One of the most prominent lenders in the world of technology start-ups, struggling under the weight of ill-fated decisions and panicked customers, collapsed on Friday, forcing the federal government to […]
Silicon Valley Bank Fails After Run by Venture Capital Customers
Flush with cash from high-flying start-ups, it bought huge amounts of bonds more than a year ago, just before the Federal Reserve began to raise interest rates. Like its peers, […]
China’s Economic Support for Russia Could Elicit More Sanctions
WASHINGTON — President Biden and his top officials vowed this week to introduce additional sanctions aimed at impeding Russia’s war efforts against Ukraine. But the administration’s focus is increasingly shifting […]
Electric Vehicles Could Match Gasoline Cars on Price This Year
Declines in new car prices are pushing down used electric vehicle prices, too. They have fallen 17 percent since July, according to Recurrent, which tracks the used car market. That’s […]
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
WASHINGTON — The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could […]
Black Americans Are Much More Likely to Face Tax Audits, Study Finds
WASHINGTON — Black taxpayers are at least three times as likely to be audited by the Internal Revenue Service as other taxpayers, even after accounting for the differences in the […]
Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble
“This so-called prioritization scheme makes Republicans’ priorities pretty clear — crystal clear, if I may add,” Karine Jean-Pierre, the White House press secretary, said on Jan. 17. “They want to […]
The U.S. Hit Its Debt Limit. What Happens Next?
The United States hit a limit this week on how much money it can borrow, forcing the Treasury Department to initiate so-called extraordinary measures to make sure the nation has […]
America Hit Its Debt Limit, Raising Economic Fears
WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep […]