WASHINGTON – The U.S. Treasury Department has made clear that gold-related transactions involving Russia may be sanctioned, and is closely monitoring any efforts to circumvent U.S. sanctions through the use…
By David Lawder and David Shepardson WASHINGTON – The U.S. Treasury on Tuesday announced the first state awards from a $10 billion COVID-19 aid program aimed at boosting broadband internet…
‘I Was Wrong’: Biden’s Treasury Sec Admits She Bungled Inflation Prediction Josh Hypes on June 1, 2022 United States Treasury Secretary Janet Yellen admitted she was wrong in the past…
By Karin Strohecker and Sujata Rao LONDON – Russia edged closer to a historic debt default on Wednesday after the United States decided against extending a key license that had…
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief economist said on Monday, adding…
NEW YORK – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion,…
NEW YORK – The U.S. benchmark 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a psychological milestone that could have major implications for other…
TOKYO – U.S. Treasury Secretary Janet Yellen will hold a bilateral meeting with her Japanese counterpart Shunichi Suzuki on the sidelines of Group of 20 financial leaders’ gathering in Washington,…
By Marcela Ayres BRASILIA -Brazil’s government has not yet reached a decision over a salary increase for public servants this year, an official said on Monday, stressing that an across-the-board…
BOSTON – The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11.…
By Asha Sistla (Reuters) – Gold prices slipped in range-bound trading on Monday as surging Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine, while…
A federal jury found Jonathon Ortino, former president of the National Treasury Employees Union Chapter 165 (Union), guilty of two counts of making false statements and three counts of wire…
LONDON – U.S. two-year Treasury yields climbed to their highest level since early 2019 on Monday, continuing to push higher on expectations that the Federal Reserve will deliver bigger rate…
(Reuters) – A key part of the U.S. yield curve inverted on Friday morning in Asia, the second time in a few hours, according to Tradeweb data, as the two-year…
By Jonathan Stempel NEW YORK – A federal judge on Thursday dismissed a long-running antitrust lawsuit accusing 10 of the world’s largest banks of pursuing two interrelated conspiracies to suppress…
By Karen Brettell (Reuters) – U.S. sanctions against Russia should hasten a move by some countries to reduce their reliance on the U.S. dollar, which could also soften demand for…
– Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price pressures and a more hawkish…
By Daphne Psaledakis WASHINGTON – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Europe next week to coordinate sanctions with allies over Russia’s assault on Ukraine and discuss next…
By Andrea Shalal and Hannah Lang WASHINGTON – U.S. officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the…
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year…
By Hannah Lang – The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes…
By David Lawder WASHINGTON – More than $25 billion from the U.S. Treasury Department’s Emergency Rental Assistance program has been spent or obligated over the past year through January 2022,…
By Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to…
By David Lawder CHICAGO – U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central…
– The United States imposed sanctions on Russia’s VEB Bank and Promsvyazbank on Tuesday, according to statement from the U.S. Treasury Department, after Moscow formally recognized two regions of eastern…