The Treasury Secretary dropped hints about her priorities — if you know how to interpret them.
A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending.
The Treasury Department slapped sanctions on the Israeli billionaire Dan Gertler in 2017 for corruption in Africa. In Donald Trump’s final days in office, they were rolled back with no explanation.
The most effective part of F.D.R.’s program wasn’t its direct spending. It was his use of U.S. financial might to reignite business.
The rules are in flux as a new U.S. administration takes over.
President Biden has chosen policymakers, while President Donald J. Trump valued cabinet secretaries he saw as deal makers.
Janet L. Yellen, who received bipartisan support, now faces a big challenge in confronting an economic threat that has caused financial hardship for millions of Americans.
Janet L. Yellen won Senate confirmation along bipartisan lines and now faces a big challenge in confronting an economic threat that has caused financial hardship for millions of Americans.
The reversal by the Treasury Department during the administration’s final days came after an appeal by lobbyists with close ties to the former president.
Janet L. Yellen, the Treasury secretary nominee, said at her confirmation hearing that the U.S. economy needed more help to get through the pandemic.
The Blackstone chief executive stuck with President Trump despite the occasional slight, and stopped short of criticizing Mr. Trump even after the Capitol attack.
Policymakers are eager to return to the period of low unemployment that preceded the pandemic and are less concerned than in previous eras about sparking inflation and taking on debt.
From tariffs and trade to the status of Uber drivers, regulators are trying to install new rules or reduce regulations before President-elect Joe Biden takes over.
Janet Yellen, the president-elect’s pick for Treasury secretary, collected more than $7 million in speaking fees over the past two years. Antony J. Blinken and Avril Haines did well, too.
Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.
The voluminous coronavirus relief and spending bill that blasted through Congress on Monday includes provisions — good, bad and just plain strange — that few lawmakers got to read.
Russian hackers appear to have attacked systems for senior officials of the department.
The disclosure was the first acknowledgment of a specific intrusion in the vast cyberattack. At the White House, national security leaders met to assess how to deal with the situation.
The Fed’s emergency lending authorities are a key part of its job. Republicans want to curb them. Democrats are pushing back.
The central bank’s meeting will wrap up Wednesday, as the Fed stares down a bifurcated economic outlook.
In one of the most sophisticated and perhaps largest hacks in more than five years, email systems were breached at the Treasury and Commerce Departments. Other breaches are under investigation.
Adewale Adeyemo’s role in the Trans-Pacific Partnership negotiations and work at BlackRock could complicate his confirmation hearings.
A look at the president-elect’s choice of Treasury secretary and how she might tackle the pandemic-provoked financial crisis.
She never forgot that economics is about people.
Wall Street notched records, as relief settled in that the election is over and Janet Yellen will be the Treasury secretary in the next administration.
From trade and sanctions to tax policy and financial regulation, the former Fed chair will be at the center of the new administration’s agenda.
The nominee for Treasury secretary will face the tricky politics of generating a strong recovery out of the pandemic.
Trashing the nation on his way out the door.
The former Fed chair, a labor market expert, appears poised to lead President-elect Biden’s Treasury Department.
Trump’s Treasury secretary said Congress wanted key economic supports to end by Dec. 31, a view he expressed only after the vote count in the presidential election.
The Trump administration’s abrupt decision to curtail the Federal Reserve’s emergency lending programs is a gamble with no upside.
He terminated emergency-lending programs that will limit the new administration’s options — and upset the Federal Reserve, too.
The Treasury Department asked the Federal Reserve to return unused funds, which could prevent a new secretary from restarting key loan programs.
The Fed governor is seen as a top candidate for the job, though some progressives try to paint her as a centrist who was soft on China.
Democrats are eyeing the programs as a backup option if they can’t strike a deal to aid states and localities, and believe they may be needed to backstop markets. Republicans want them off the table.
With Joe Biden leading in several important battleground states, his advisers and allies have moved rapidly to discuss hiring in critical roles, especially those overseeing the coronavirus response.
The Democratic nominee is seeking to balance experience and diversity in preparing a team for a potential administration if he wins in November.
The Trump administration is trying to fortify its campaign of maximum pressure against Iran from being reversed by a potential Biden administration.
The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.
The action shows that the U.S. government remains concerned about how extremist groups like Al Qaeda and the Islamic State continue to creatively raise and distribute money around the world.
Even as Democrats held out for more concessions over funding and provisions, it was the deep divisions among Republicans that were standing in the way.
Owners are flummoxed by how the loan forgiveness phase of the Paycheck Protection Program will work, as lenders await clarity and guidance.
Robert E. Lighthizer, President Trump’s trade negotiator, has cautioned against actions that could anger Beijing in an attempt to preserve the U.S.-China trade deal.
With few people traveling and lawmakers deadlocked on a stimulus package, American Airlines and United Airlines are cutting more than 30,000 jobs.
Businesses, governments, and organizations that are hit by crippling ransomware attacks now have a new worry to contend with—big fines from the US Department of Treasury in the event that they pay to recover their data.
Treasury Department officials made that guidance official in an advisory published on Thursday. It warns that payments made to specific entities or to any entity in certain countries—specifically, those with a designated “sanctions nexus”—could subject the payer to financial penalties levied by the Office of Foreign Assets Control, or OFAC.
The prohibition applies not only to the group that is infected but also to any companies or contractors the hacked group’s security or insurance engages with, including those who provide insurance, digital forensics, and incident response, as well as all financial services that help facilitate or process ransom payments.
Among other measures, Americans will no longer be able to import Cuban cigars or stay in hotels owned by the Cuban government.
President Donald Trump spent several months pushing to have TikTok banned or sold to a US firm. He seems to have gotten his way, as Oracle confirmed it struck a deal with ByteDance over TikTok. That transaction, however, does not necessarily assuage the White House’s stated concerns with the popular video app—and the deal has a long way to go, in a short period of time, before it’s done.
The specific terms of the agreement have still not been made public. The arrangement is not the full sale that Trump was pushing for as recently as last Friday. China’s export ban on machine learning and artificial intelligence algorithms prevented that kind of direct acquisition.
Oracle has said very little about the transaction, which first leaked late on Sunday. Monday morning, the company confirmed it submitted a proposal to become ByteDance’s “trusted technology provider” to the Treasury Department for review over the weekend of September 12-13. Tuesday morning, it repeated the statement as part of a filing with the US Securities and Exchange Commission.
Hotel owners, who spent years loading up on a cheap type of debt, are now faced with the potential for default as the pandemic saps revenues.
The Chinese-owned app designed a compromise to satisfy U.S. security concerns. The terms are now under review by the Trump administration.