Treasury Department

More stories

3.6k Views
in Currency, Economics (Theory and Philosophy), internal-sub-only, Janet L, National Debt (US), Treasury Department, Yellen

Opinion | What a Trillion-Dollar Coin Can Teach Us

Now that the U.S. government is once again at risk of defaulting on its debts because of an impasse over raising the debt ceiling, we’re back to arguing over whether minting a trillion-dollar platinum coin could save the day. For readers unfamiliar with this odd gambit: The idea is for the Treasury Department to direct […] More

by Tonya Frazier October 6, 2021, 4:11 pm
5k Views
in Adena T, Biden, Citigroup Inc, Democratic Party, Federal Budget (US), Filibusters and Debate Curbs, Fraser, Friedman, Goldman Sachs Group Inc, Jane (1967- ), Joseph R Jr, McConnell, Mitch, NASDAQ OMX Group Inc, National Debt (US), Republican Party, Senate, Treasury Department, United States Politics and Government

Finance executives say the risk of a default is already damaging the economy.

President Biden met with finance executives on Wednesday as he continued to try to put maximum pressure on Senate Republicans to raise the debt ceiling before Oct. 18, the date the Treasury Department has said the United States would go into default. Shortly after the meeting, Senator Mitch McConnell, the minority leader, seemed to relent […] More

by Tonya Frazier October 6, 2021, 2:13 pm
3.5k Views
in Federal Budget (US), Government Bonds, Mark, National Debt (US), Social Security (US), Social Security Administration, Treasury Department, United States Economy, Zandi

What the Debt Ceiling Means for Social Security and More

The federal government is about two weeks away from being unable to pay its bills — and that could delay benefit payments to tens of millions of retirees, Medicare and Medicaid providers, and numerous others receiving checks from the U.S. Treasury. Republicans in Congress are preventing Democrats from raising the federal borrowing limit, which could […] More

by Tonya Frazier October 6, 2021, 9:13 am
3k Views
in American Rescue Plan (2021), Arizona, Coronavirus (2019-nCoV), Doug (1964- ), Ducey, Education (K-12), masks, Treasury Department, United States Politics and Government

Arizona Could Lose Relief Funds for Undermining Mask Mandates

WASHINGTON — The Biden administration warned Arizona on Tuesday that it could lose some of its state and local recovery funds because it has been using money meant to combat the pandemic to undercut mask requirements in schools. In a letter to Arizona’s Republican governor, Doug Ducey, the Treasury Department said the state was misusing […] More

by Tonya Frazier October 5, 2021, 3:13 pm
6.3k Views
in Biden, Federal Budget (US), Filibusters and Debate Curbs, Joe III, Joseph R Jr, Kyrsten, Manchin, McConnell, Mitch, National Debt (US), Republican Party, Senate, Sinema, Treasury Department, United States Economy, United States Politics and Government

Biden Calls Republicans ‘Reckless’ Over the Debt Limit Increase

WASHINGTON — President Biden excoriated Republicans on Monday for blocking his party’s efforts to raise the debt ceiling weeks before a projected government default, calling their tactics “reckless” and “disgraceful” and warning they risked causing “a self-inflicted wound that takes our economy over a cliff.” Mr. Biden, trying to convey the risks to everyday Americans, […] More

by Tonya Frazier October 4, 2021, 6:04 pm
5.7k Views
in Biden, Federal Budget (US), Filibusters and Debate Curbs, Joe III, Joseph R Jr, Kyrsten, Manchin, McConnell, Mitch, National Debt (US), Republican Party, Senate, Sinema, Treasury Department, United States Economy, United States Politics and Government

Biden says Republicans are being ‘reckless’ over the debt limit increase.

President Biden urged congressional leaders to raise the debt ceiling on Monday, excoriating Republicans for what he said was “reckless” and “disgraceful” obstruction ahead of a default deadline later this month that he warned would amount to “a self-inflicted wound that takes our economy over a cliff.” Mr. Biden, trying to convey the risks to […] More

by Tonya Frazier October 4, 2021, 11:32 am
7.6k Views
in Congressional Research Service, House of Representatives, Janet L, Jerome H, National Debt (US), Powell, Treasury Department, United States Economy, United States Politics and Government, Yellen

Janet Yellen says she supports eliminating the debt limit.

Treasury Secretary Janet L. Yellen said on Thursday that the statutory debt limit should be abolished, arguing that the borrowing cap is “destructive” and poses unnecessary risks to the economy. She made the comments at a House Financial Services Committee hearing, as the United States faces an Oct. 18 deadline to raise or suspend the […] More

by Tonya Frazier September 30, 2021, 1:11 pm
4.3k Views
in Banking and Financial Institutions, Federal Reserve System, Janet L, Jerome H, National Debt (US), Powell, Senate Committee on Banking, Treasury Department, United States Economy, United States Politics and Government, Yellen

Yellen and Powell warn that the Delta variant is slowing the recovery.

America’s two top economic policymakers will warn lawmakers on Tuesday that the Delta variant of the coronavirus has slowed the economic recovery but will convey optimism about the economy’s overall trajectory, according to prepared remarks. Treasury Secretary Janet L. Yellen and the Federal Reserve chair, Jerome H. Powell, will testify before the Senate Banking Committee […] More

by Tonya Frazier September 28, 2021, 4:04 am
5.6k Views
in Constitutional Amendments, Federal Budget (US), House of Representatives, National Debt (US), Senate, Treasury Department, United States Economy, United States Politics and Government

The U.S. Debt Ceiling: Everything You Need to Know

WASHINGTON — As Congress continues to flirt with the idea of not raising or suspending the nation’s debt limit, economists and scholars are once again considering whether creative escape hatches like a trillion dollar coin or the invocation of the 14th Amendment might help the United States avoid a self-inflicted economic calamity. Republicans and Democrats […] More

by Tonya Frazier September 27, 2021, 5:13 pm
9.1k Views
in Andreessen Horowitz, Banking and Financial Institutions, Bitcoin (Currency), BlockFi Inc, Coinbase Inc, Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), Financial Stability Oversight Council, Gary S, Gemini Trust Co LLC, Gensler, Liang, MasterCard Inc, Nellie, Regulation and Deregulation of Industry, Securities and Exchange Commission, stablecoin, Treasury Department, Virtual Currency

Cryptocurrency Regulators Rush To Create First Major Rules

WASHINGTON — After largely standing aside for years as cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, federal regulators are racing to address the potential risks for consumers and financial markets. Their concerns have only grown as both new and established firms have rushed to find ways to profit from […] More

by Tonya Frazier September 23, 2021, 10:01 am
8.6k Views
in Andreessen Horowitz, Banking and Financial Institutions, Bitcoin (Currency), BlockFi Inc, Coinbase Inc, Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), Financial Stability Oversight Council, Gary S, Gemini Trust Co LLC, Gensler, Liang, MasterCard Inc, Nellie, Regulation and Deregulation of Industry, Securities and Exchange Commission, stablecoin, Treasury Department, Virtual Currency

Regulators Racing Toward First Major Rules on Cryptocurrency

WASHINGTON — After largely standing aside for years as cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, federal regulators are racing to address the potential risks for consumers and financial markets. Their concerns have only grown as both new and established firms have rushed to find ways to profit from […] More

by Tonya Frazier September 23, 2021, 8:46 am
8.2k Views
in Biden, Cyberattacks and Hackers, Embargoes and Sanctions, Extortion and Blackmail, Janet L, Joseph R Jr, Russia, Suex OTC SRO, Treasury Department, United States Economy, United States Politics and Government, Virtual Currency, Yellen

Biden is Combating Ransomware with Crackdown on Cryptocurrency Payments

The Biden administration took action on Tuesday to crack down on the growing problem of ransomware attacks, expanding its use of sanctions to cut off digital payment systems that have allowed such criminal activity to flourish and threaten national security. The Treasury Department said it was imposing sanctions on a virtual currency exchange called Suex, […] More

by Tonya Frazier September 21, 2021, 3:50 pm

Congratulations. You've reached the end of the internet.

More stories

Opinion | What a Trillion-Dollar Coin Can Teach Us

Finance executives say the risk of a default is already damaging the economy.

Arizona Could Lose Relief Funds for Undermining Mask Mandates

Biden Calls Republicans ‘Reckless’ Over the Debt Limit Increase

Biden says Republicans are being ‘reckless’ over the debt limit increase.

Janet Yellen says she supports eliminating the debt limit.

Yellen and Powell warn that the Delta variant is slowing the recovery.

The U.S. Debt Ceiling: Everything You Need to Know

Cryptocurrency Regulators Rush To Create First Major Rules

Regulators Racing Toward First Major Rules on Cryptocurrency

Biden is Combating Ransomware with Crackdown on Cryptocurrency Payments

STUNNING Close-Up VIDEO Shows Shootout With Violent Mexican Drug Cartel…Is This The Violent America “Open Borders” Democrats Are Trying To Create?

American Missionaries Kidnapped in Haiti, Officials Say

“That’s What the Government Is Doing, It Wants to Intimidate Parents”

“Defund the Media!” – Anti-Vax Mandate Protesters Gather Outside New York Times Building (VIDEO)

President Trump Wants Former US Representative Sean Duffy to Run for Wisconsin Governor

Hollywood’s Behind-the-Scenes Workers Reach Deal on New Contract