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Government Agencies Treasury Department

  • Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Yellen said at a question-and-answer event in London. The U.S. Treasury Department earlier this month proposed easing up on...

  • Federal Reserve Board Chairwoman Janet Yellen

    There has been much speculation about whether Trump will retain Yellen as Fed chair when her term runs out early next year.

  • The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.00 percent, down from 1.01 percent last week. The three-month rate was the highest since those bills averaged 0.990 percent on June 12. For a $10,000 bill, the three-month price was $9,974.72, while a six-month bill sold for $9,943.88.

  • WASHINGTON, June 20- The U.S. government on Tuesday sanctioned 38 individuals and organizations over Russia's actions in Ukraine, the U.S. Treasury Department said in a statement, reaffirming Washington's commitment to pressuring Moscow over its annexation of Crimea. The latest round of sanctions targets Ukrainian and Russian officials and companies that...

  • President Donald Trump walks towards Marine One to depart for Cincinnati on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, June 7, 2017.

    The Treasury said the move "reinforced" sanctions on Russia, which "will not be lifted until Russia ends its occupation of the peninsula."

  • WASHINGTON, June 20- The U.S. government on Tuesday sanctioned 38 individuals and organizations over Russia's involvement in Ukraine, the U.S. Treasury Department said in a statement. The latest round of sanctions targets Ukrainian and Russian officials and companies that U.S. authorities accuse of helping Russia tighten its grip on the Crimean Peninsula, an...

  • Why it's time to abolish US debt limit

    Jason Furman, former CEA chairman, and Rohit Kumar, PwC's Tax Policy Services, talk about the "catastrophic" consequences of defaulting on U.S. debt and why the debt limit has "outlived its usefulness."

  • Treasury's Mnuchin: We're studying 100-year bonds

    U.S. Treasury Secretary Steven Mnuchin talks about the likelihood of offering a 100-year bond, and the Federal Reserve reducing its balance sheet.

  • Treasury's Mnuchin: We're unlocking liquidity

    U.S. Treasury Secretary Steven Mnuchin talks about the benefits of deregulation, and weighs in Amazon's size and upgrading technology.

  • Treasury's Mnuchin: We're 100% committed to tax reform this year

    U.S. Treasury Secretary Steven Mnuchin, says it's critical to the economy to implement tax reform before the end of the year. Also Mnuchin weighs in on filling vacant positions at the Treasury Department.

  • Treasury's Mnuchin: Tax reform my number one focus

    U.S. Treasury Secretary Steven Mnuchin, talks about lower than expected tax receipts, and the future of tax cuts and regulatory reform. We need to bring domestic money home to create jobs, says Mnuchin.

  • Treasury's Mnuchin: FULL

    U.S. Treasury Secretary Steven Mnuchin talks about the Trump administration's tax reform proposals, the debt ceiling, the Federal Reserve and more.

  • WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction to their highest levels since October 2008. The Treasury Department auctioned $39 billion in three-month bills at a discount rate of 1.01 percent, up from 0.99 percent last week. For a $10,000 bill, the three-month price was $9,974.47, while a six-month bill sold for $9,943.38.

  • President Donald Trump arrives to deliver a speech on US-Cuba relations at the Manuel Artime Theater in Miami, Florida, U.S., June 16, 2017.

    The White House's new policy will attempt to steer money away from the Cuban regime, which the administration says oppresses its own people.

  • WASHINGTON, June 16- The Trump administration plans to publish regulations that will end people-to-people individual travel to Cuba, the U.S. Treasury Department said on Friday. "The President instructed Treasury to issue regulations that will end individual people-to-people travel," the department said in a statement. It added that the changes will not take...

  • Treasuries for the third straight month in April to its highest in six months but still ranked behind Japan, which remained the United States' biggest creditor, U.S. Treasury Department data showed on Thursday. China's holding of U.S. government debt grew to $1.092 trillion in April from $1.088 trillion in March. Japan's stake in Treasuries slipped to $1.107...

  • BEIJING/ HONG KONG, June 14- The Export-Import Bank of China plans to issue up to another $4 billion in euro- and dollar-denominated bonds this year, on top of $4 billion issued so far, as Beijing's Belt and Road initiative drives demand for foreign currency funds. In a rare interview, Wang Kai, general manager of the policy lender's treasury department, said EXIM...

  • WASHINGTON, June 13- A U.S. Treasury Department plan for reworking financial rules would reduce regulatory overlap and help the economy, the official tasked with drawing up the proposal said, rebutting criticism from Democratic lawmakers that the effort was aimed at boosting bank profits. Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, said...

  • Mnuchin does not want 'heavy-handed' regulations: Cramer

    The "Squawk on the Street" crew chat about the Treasury's plans to soften rules on financial regulations.

  • June 12- The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist. The nearly 150- page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress. Republican President Donald...