The Latest Breaking News from Treasury Department

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

The Treasury Department said it’s costing $10 million this year to set up monitoring of U.S. outbound investment in sensitive technology.

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China. The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed. The sanctions were issued under a 2018…

The United States imposed new sanctions on Thursday on Iranian or Iran-linked shipping and petrochecmical companies, including two shipping firms based in China, the Treasury Department's website showed.

WASHINGTON — It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop flowing.

It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop flowing.

The national debt grew by more than $4 trillion in 2020 alone.

A top Treasury Department official says Russia’s mounting battlefield losses are a testament to the effectiveness of U.S. and allied sanctions on the Kremlin and its military machine

WASHINGTON — Years-old sanctions on the Bashar Assad regime are receiving new scrutiny amid efforts to speed delivery of humanitarian aid to the tens of thousands of Syrians injured or displaced by this month’s devastating earthquake.

Lawmakers and others are worried about easing sanctions on Syria after a devastating earthquake, fearing abuse of aid funding.