US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...
Trump treasury secretary says 'there are no guarantees' about recession hitting the US
Treasury Secretary Scott Bessent said Sunday that "there are no guarantees" when it comes to a potential recession hitting ...
US Treasury's financial crimes unit won't require ownership reporting from US firms
The U.S. Treasury Department's financial crimes unit said on Wednesday it has issued a new rule that will narrow a key ...
Larry Summers slams Treasury Secretary Bessent’s ‘ludicrous’ claim that China will bear brunt of tariffs
The former treasury secretary blasted his successor’s claims that tariffs will not reheat inflation in a series of social ...
US ramps up demands on Ukraine in latest mineral proposal
President Trump’s administration is ramping up demands on Ukraine in the latest proposal, looking to assume control of all of ...
Taiwan defends trade, currency record ahead of possible US tariffs
Taiwan's central bank on Wednesday defended the island's trade and currency record ahead of possible tariffs from U.S.
US Treasury department prepares to streamline banking regulators, Semafor reports
The U.S. Treasury department is preparing recommendations for streamlining some banking regulators, Semafor reported on ...
Treasury Secretary Scott Bessent says he can't rule out the possibility of a recession
Treasury Secretary Scott Bessent said on Sunday there are 'no guarantees' there won't be a recession, but expressed ...