The Latest Breaking News from Treasury Department

Inflation hedge Series I savings bonds paying 9.62% unleashed a flood of buyers to the Treasury Department website on Wednesday, crashing the website ahead of a Friday deadline to receive the guaranteed 9.62% interest rate. What Happened: "Due to exceptionally high traffic, the TreasuryDirect website has experienced intermittent slowdowns today,"…

House Ways and Means Republicans are renewing pressure on the Biden administration over a leak of taxpayer information to ProPublica.

The Biden administration has announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine

A senior U.S. Treasury Department official traveled to Turkey this week to discuss sanctions and export controls imposed on Russia following its invasion of Ukraine, the Treasury Department said, as Washington closely monitors growing economic ties between Ankara and Moscow.

The Treasury Department said Monday that it has sanctioned a group of high-ranking members of the Somalia-based al-Shabab militant group, who act as key middle men between the group and local companies in Somalia

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether Florida’s state government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.

The Treasury Department’s internal watchdog is investigating whether Florida Gov_ Ron DeSantis improperly used federal pandemic aid to fly migrants to Martha’s Vineyard as part of his effort to “transport illegal immigrants to sanctuary destinations.”

The federal government is probing whether the Florida governor improperly used Covid-19 relief money

WASHINGTON — A watchdog group with the U.S. Treasury Department plans to examine whether the Florida government properly used federal pandemic recovery money in connection to last month’s efforts to relocate migrants, a top official with the agency told the Massachusetts congressional delegation last week.