The Latest Breaking News from US Treasury

Janet Yellen’s comments come as figures show business activity declining across most UK regions

As developing countries confront a new era of elevated inflation, rising interest rates, a stronger dollar, and capital outflows, some governments stand to benefit from a little-noticed bonanza. During the "Great Moderation" that preceded the Covid-19 pandemic, years of low inflation led to the growth of sovereign debt issued at…

World Bank President David Malpass said on Friday that he was keeping an "intense" focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.

US Secretary of State Anthony Blinken says sanctions take aim at Russia and Belarus’ support for Myanmar military.

Bond market volatility continued on Wednesday morning after the Bank of England stepped in to take action to stabilize spiking U.K. gilt yields.

Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert.

The United States on Thursday imposed sanctions on Iran's morality police accusing it of abuse and violence against Iranian women and of violating the rights of peaceful Iranian protesters, the US Treasury said. It held the morality police responsible for the death of Mahsa Amini, 22, who died in custody…

Saudi Arabia increased its holdings of US Treasury bonds in July for the second month in a row, achieving the highest level since September 2021. Monthly US Treasury data indicated that the Kingdom’s holdings of bonds increased by about $121.6 billion at the end of July, the highest level recorded…

Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.

Johnny Morrissey was handcuffed, alongside his wife Nicola, at dawn before being led away by a crack team of Spanish investigators.

The US Treasury imposed new sanctions on the Iranian Revolutionary Guards Corps (IRGC) for their role in malicious cyber acts. The Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. The Treasury…