Treasury

The Biden administration is sending a delegation of senior Treasury Department officials to Beijing this week for a round of economic talks, as the world's largest economies look to continue the engagement efforts that President Biden…
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Treasury Secretary Janet L. Yellen will hold two days of high-level meetings this week with her Chinese counterpart, Vice Prime Minister He Lifeng, as the United States and China look to build on an effort begun earlier this year to improve…
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The interest rate on ten-year government bonds rose above 5 percent on Thursday for the first time since July 2007 The rise in long-term interest rates could slow the economy and replace another rate hike by the FedThe Federal…
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Ford Motor and its battery manufacturing partner will receive a $9.2 billion loan to build three battery plants in Kentucky and Tennessee, the Department of Energy said Thursday. The loan would be the largest financial commitment the Biden…
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Katy Gallagher finally appears to be cracking up under the onslaught of liberal criticism and questions about Brittany Higgins' sexual assault allegations.The Secretary of the Treasury has been the target of repeated questions in the Senate…
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Government bonds were at the heart of the debt ceiling drama.For decades, they were seen as the ultimate safe asset – the foundation of the global financial system. But as the deadline approached for an agreement to avert a US debt burden,…
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Treasury Secretary Janet L. Yellen said Friday that the United States could run out of money to pay its bills on time by June 5. debt limit.The letter provided the most specific timeline yet for when the United States could run out of…
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The Treasury Department's cash balance fell to just under $49.5 billion on Wednesday, as the United States was running out of money to pay its bills.That was significantly less than the $316 billion the division had in operating cash held…
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