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U.S. Department of the Treasury

$1 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

by Horatio Thompson
 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

Halfpoint Images | Moment | Getty Images The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the …

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Social Security expected to run short on funds in 2035, government says

by Walter Watson
Social Security expected to run short on funds in 2035, government says

People leave a Social Security Administration building in Burbank, California.  Valerie Macon | Afp | Getty Images The trust funds the Social Security Administration relies on to pay benefits are …

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Bob Menendez grills official on illicit finance before bribery trial

by Vera Ward
Bob Menendez grills official on illicit finance before bribery trial

U.S. Sen. Bob Menendez, D-N.J., at center right, and his wife, Nadine Menendez, center rear, leave Manhattan Federal Court in New York City following his arraignment, March 11, 2024. Spencer …

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Treasury proposes rule to extend anti-money laundering regs to investment advisers

by Vera Ward
Treasury proposes rule to extend anti-money laundering regs to investment advisers

US Secretary of the Treasury Janet Yellen speaks with the press after a tour with staff through the Financial Crimes Enforcement Network (FinCEN) office in Vienna, Virginia, on January 8, …

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U.S. Treasury team heads to China to talk subsidies, economic policies

by Walter Watson
U.S. Treasury team heads to China to talk subsidies, economic policies

The Biden administration has sent five senior U.S. Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity, a …

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Treasury hunt for Russian oil sanction violators on seas intensifies

by Walter Watson
Treasury hunt for Russian oil sanction violators on seas intensifies

A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The …

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Treasury details plans to step up size of bond sales to manage growing debt load and higher rates

by Walter Watson
Treasury details plans to step up size of bond sales to manage growing debt load and higher rates

The Treasury Department announced plans Wednesday to accelerate the size of its auctions as it looks to handle its heavy debt load and with financing costs rising. In a development …

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$7,500 EV tax credit may be easier to get in 2024 per Treasury rule

by Horatio Thompson
,500 EV tax credit may be easier to get in 2024 per Treasury rule

Maskot | Maskot | Getty Images A new proposal by the U.S. Department of the Treasury would make it easier for consumers to get a tax credit when buying a …

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Treasury Secretary Janet Yellen cite Biden poll disconnect from economy

by Vera Ward
Treasury Secretary Janet Yellen cite Biden poll disconnect from economy

Janet Yellen, U.S. Secretary of the Treasury at Clinton Global Initiative summit at Hilton Midtown Hotel. Lev Radin | Lightrocket | Getty Images WASHINGTON — Treasury Secretary Janet Yellen on …

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Food prices, climate change and global aid

by Walter Watson
Food prices, climate change and global aid

Janet Yellen, US Treasury secretary, speaks at the International Brotherhood of Electrical Workers (IBEW) 357 union hall following a tour of the JATC training facility in Las Vegas, Nevada, on …

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