The Latest Breaking News from Treasury Department

The federal rental aid program expects to distribute the rest of its money by mid-summer. Some cities have already run out of funding, pushing eviction filings higher than before the pandemic.

“Obviously things have changed so we’re going to be looking for a significant amount more of money,” he said

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.

The United States will provide $500 million more in financial assistance for Ukraine to sustain critical government operations as it fends off the Russia invasion

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow's evasion of existing sanctions over Russia's invasion of Ukraine.

The boxing management company announced it would cease operations after its co-founder was hit by sanctions from the U.S. Treasury Department.

U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no "business-as-usual" for Russia in the global economy given its invasion of Ukraine, the Treasury Department said in a statement on Wednesday.

The Treasury Department will concentrate on cracking down on those seeking to evade sweeping sanctions imposed on Russia over the war