The Latest Breaking News from Treasury Department

Electric vehicles are typically seen as expensive cars to own. But an updated, federal tax program designed to make them more affordable could credit you up to $7,500 for purchasing a new clean vehicle.

The United States issued sanctions against Paraguay’s former President Horacio Cartes Jara and current Vice President Hugo Velázquez Moreno on Thursday, unveiling explosive accusations that they participated in widespread schemes of corruption and have ties to members of a terrorist organization. Cartes and Velázquez have been involved “in systemic corruption…

As the U.S. rushes towards default, some say the Federal Reserve can use a trillion dollar (platinum or digital) coin to avert financial catastrophe. Could this work?

US measures, taken in coordination with the EU and UK, target Iranian officials accused of suppressing demonstrations.

The Treasury Department is beginning the use of special measures to avoid a US payments default, after the federal debt limit was reached Thursday.

The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.

The countdown toward a possible U.S. government default is in the offing

Tesla Inc. cut prices across its lineup in the US and major European markets in the carmaker’s latest effort to stoke demand after several quarters of disappointing deliveries.

The new Republican majority in the US House of Representatives have requested information from Twitter, Treasury Dept.