US treasury department

US TREASURY DEPARTMENT NEWS

Trump says US may have less debt than thought because of fraud

February 10, 2025 10:12 am

The United States currently has $36.2 trillion public debt outstanding, according to the U.S. Treasury, which plays a central role in the global financial system.

Trump orders treasury to stop minting pennies, citing rising costs

February 10, 2025 10:59 am

Over the years, lawmakers have introduced various proposals to eliminate the penny or reduce its production.

Elon Musk's DOGE team granted full access to US govt payment system: Report

February 02, 2025 6:46 am

Musk's DOGE had reportedly sought full clearance and access to the Treasury department’s system which is used to roll out federal funds.

US issues fresh sanctions against Iran over nuclear escalations

June 28, 2024 1:10 am

Thursday's action imposes sanctions on three companies based in the United Arab Emirates the US accused of being involved in the transport of Iranian petroleum or petrochemical products, as well as 11 associated vessels.

US yields drift higher after Fed flags rate hike

January 27, 2022 7:53 am

🔴 The Fed, however, did not set a specific date for raising interest rates, although federal funds futures have fully priced in a quarter-point tightening for the Fed's March meeting, and another three hikes for 2022.

US Treasury removes designation of China as currency manipulator

January 14, 2020 2:30 pm

The Treasury Department designation in August under 'The Omnibus Trade and Competitiveness Act of 1988' and was the first time since 1994 that the United States had determined China was manipulating its currency.

India to pay Iran $700 million under interim nuclear deal

September 11, 2015 1:30 am

US Treasury’s Office of Foreign Assets Control last month approved payment of $1.4 billion in oil dues by Indian refineries to Iran.

US treasury sells AIG stock at a profit

September 11, 2012 11:56 am

The Treasury Department sold $18 billion worth of the insurer's shares at $32.50 apiece.

Signs that US has yet make WB choice

March 20, 2012 9:43 am

There are few signs the United States has finalised its choice to lead the global development lender.

US slams S&P for rating downgrade

August 07, 2011 1:08 pm

Rating agency's flawed analysis has put its own credibility and integrity at risk: US

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