treasury department

The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into default.

Russia has averted a historic debt default since sanctions were imposed on its foreign currency reserves, but analysts believe it is delaying the inevitable.

The Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, an agency official says

Experts say the sanctions on oligarchs announced by President Joe Biden this week in response to the invasion of Ukraine may do little to dim the jet-setting lifestyles of Russia’s ultra-rich — much less force a withdrawal of tanks and troops.

The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors’ use of the U.S. market to launder money made through illicit activity

The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic

Treasury Secretary Janet Yellen warned lawmakers at a Capitol Hill hearing Tuesday that the United States is close to exhausting its federal borrowing capacity, which could result in a financial crisis and economic recession.

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants

Officials in some urban areas are raising concerns about a federal rule limiting how federal coronavirus relief money can be spent on high-speed internet

Legal counsel for the Justice Department released a memo on Friday instructing the Treasury Department to provide the House Ways and Means Committee with former President Donald Trump’s tax returns.