The Latest Breaking News from Treasury Department

A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans.

The United States on Thursday imposed sanctions on nine Iranian entities it accused of playing a critical role in the production of petrochemicals and petroleum. Secretary of State Antony Blinken said in a statement that the latest sanctions were part of “continued efforts to enforce US sanctions on Iran’s petroleum…

The United States on Friday imposed sanctions on the board of directors of Iranian drone maker Paravar Pars, the U.S. Treasury Department said, adding Iranian drones were being used by Russia to attack Ukraine's critical infrastructure.

Biden sat in a truck that costs as much as $120,000 to promote a tax credit that only applies to electric vehicles retailing for up to $80,000.

Speaker Kevin McCarthy and President Joe Biden could actually have a chance to avoid a fiscal crisis this summer.

The Treasury Department has announced plans to increase its borrowing during the first three months of 2023

Mr Trump had the authority to ask for the records during his presidency but instead used the Freedom of Information Act

Electric vehicles are typically seen as expensive cars to own. But an updated, federal tax program designed to make them more affordable could credit you up to $7,500 for purchasing a new clean vehicle.

The United States issued sanctions against Paraguay’s former President Horacio Cartes Jara and current Vice President Hugo Velázquez Moreno on Thursday, unveiling explosive accusations that they participated in widespread schemes of corruption and have ties to members of a terrorist organization. Cartes and Velázquez have been involved “in systemic corruption…