The Latest Breaking News from Treasury Department

The United States on Tuesday imposed sanctions on four entities and three people in Iran and Türkiye, accusing them of involvement in the procurement of equipment, including European-origin engines of drones, in support of Iran's drone and weapons programs. The US Treasury Department said in a statement the procurement network…

U.S. officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

The Treasury Department said it’s costing $10 million this year to set up monitoring of U.S. outbound investment in sensitive technology.

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China. The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed. The sanctions were issued under a 2018…

The United States imposed new sanctions on Thursday on Iranian or Iran-linked shipping and petrochecmical companies, including two shipping firms based in China, the Treasury Department's website showed.

WASHINGTON — It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop flowing.

It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop flowing.

The national debt grew by more than $4 trillion in 2020 alone.