“Debt limit impasses have also repeatedly disrupted implementation of Treasury’s cash management policy — with knock-on effects for money markets,” Joshua Frost, assistant Treasury secretary for financial markets, explained in […]
Treasury Department
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Back to news homeHow Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
Washington is gearing up for another big fight over whether to raise or suspend the nation’s debt limit, with Treasury Secretary Janet L. Yellen warning last week that the United […]
U.S. Will Hit Debt Limit on Thursday, Yellen Tells Congress
WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” on Thursday to continue paying the nation’s bills if lawmakers did […]
How New IRS Rules Could Affect Venmo, Zelle and CashApp Users
WASHINGTON — This year, Dennis Turbeville, a woodworker in Washington, used the mobile payment service Venmo to sell his wares, collect payments on a rental property and split personal expenses […]
Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20
She added, “It’s important for us to explain why we’re doing things, how it’s delineated, that it’s not an attempt to completely paralyze China’s economy and stop its development.”Despite Ms. […]
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly […]
How the Treasury Market Predicts and Influence Interest Rates
The market for U.S. government bonds, called the Treasury market, offers predictions on the path for interest rates and the economy. Read More
TikTok Seen Moving Toward US Security Deal, but Hurdles Remain
The Biden administration and TikTok have drafted a preliminary agreement to resolve national security concerns posed by the Chinese-owned video app but face hurdles over the terms, as the platform […]
Seizing Russian Assets to Help Ukraine Sets Off White House Debate
“I think it’s very natural that given the enormous destruction in Ukraine and huge rebuilding costs that they will face, that we will look to Russia to help pay at […]
Yellen Calls on Europe to Boost Ukraine Aid
BRUSSELS — Treasury Secretary Janet L. Yellen urged European nations on Tuesday to step up their spending to support Ukraine as Russia’s attacks on the country’s critical infrastructure showed few […]