The Latest Breaking News from US Treasury

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

WASHINGTON — Texas Democrats in Congress have asked the U.S. Treasury to investigate whether Gov. Greg Abbott has misused up to $1 billion in pandemic relief funds to pay for the state’s controversial border security effort.

Johnny Morrissey, 62, now living in Spain, has been accused of facilitating international drug shipments from south America into Europe

It depends on whether the slowdown in Chinese economy can be reversed

French chess star and businessman Jöel Lautier was added to the list of people targeted by US sanctions over the war in Ukraine back in March, French business daily Les Echos reported on Wednesday, the only non-Russian to be targeted by the American authorities.

U.S. Treasury Secretary Janet Yellen said on Thursday that she was committed to working through the Group of 20 major economies to address difficulties brought on by Russia's invasion of Ukraine, despite a walkout by her and several other Western officials from a G20 finance meeting as Russian officials spoke.

To tame multi-decade high inflation, the Federal Reserve has hinted at raising the interest rates aggressively this year. U.S. Treasury yields are also hitting new highs. This environment will help banks generate more interest income. So, the question becomes, with solid revenue and earnings growth potential, is it wise now…

The United States will give Ukraine another $500 million in to help its government continue critical government operations, doubling the $500 million aid pledge by President Joe Biden in March, U.S. Treasury Secretary Janet Yellen said on Thursday.