The Latest Breaking News from the Treasury Department

Negotiations continue over plan to increase debt limit before 1 June deadline

The dollar index (DXY00 ) on Wednesday fell by -0.59%. The dollar on Wednesday posted moderate losses. Lower T-note yields Wednesday undercut the dollar. Also, the lack of clarity regarding the U.S. debt ceiling weighs on the dollar after Treasury Secretary Yellen said the Treasury Department might run out of...

The Treasury Department said Monday it plans to increase its borrowing during the April to June quarter of this year

The administration is doing a sneaky end run around the Inflation Reduction Act.

In January, the U.S. government ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default

Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the U.S. after stricter battery-sourcing rules take effect and render most plug-in models ineligible.

The Treasury Department has announced new sanctions aimed at Russian oligarch Alisher Usmanov

The Biden administration wants to give a boost to the fossil fuel "energy communities" of coal country

The Inflation Reduction Act imposes byzantine requirements to qualify for the credits. Some automakers are simply ignoring them and finding other ways to lower prices.