Government Agencies Treasury Department

  • The U.S. Treasury Department insisted that most Americans were paying lower taxes under the new law. Just prior to approval of the tax reform by the Republican-controlled Congress, Trump said, "This is going to be one of the great gifts to the middle-income people of this country that they've ever gotten for Christmas." The March 6-11 survey found about 21 percent...

  • Oleg Deripaska, Russian billionaire and president of United Co. Rusal.

    Deripaska claims that his net worth has fallen by more than $7.5 billion, or about 81 percent, since the sanctions on him were imposed.

  • Steven Mnuchin, U.S. Treasury secretary, arrives to testify during a House Ways and Means Committee hearing in Washington, D.C., U.S., on Thursday, March 14, 2019.

    In 2017, he divested his stake in a film production company after joining the White House. But he sold that position to his wife, filmmaker and actress Louise Linton, for between $1 million and $2 million, the The New York Times reported.

  • Mnuchin: Pleased with progress on China trade talks

    Treasury Secretary Steve Mnuchin speaks about how he feels U.S.-China trade talks are going.

  • WASHINGTON, March 11- The United States has imposed sanctions on the Russian bank Evrofinance Mosnarbank over its dealings with the Venezuelan state oil company Petroleos de Venezuela SA, the U.S. Treasury Department said on Monday.

  • Paying taxes

    Refunds are starting to look a little like last year's. The average tax refund was $3,068 for the week of March 1, reflecting an increase of $22 versus the year-ago period, the IRS found.

  • WASHINGTON, March 5- The U.S. federal government posted a $9 billion surplus in January, according to data released on Tuesday by the Treasury Department. The Treasury said federal spending in January was $331 billion, up 6 percent from the same month in 2018, while receipts were $340 billion, down 6 percent compared to January 2018. The deficit for the fiscal year...

  • Treasury Secretary Steven Mnuchin speaks to the news media after giving a television interview at the White House in Washington, December 3, 2018.

    Individual refunds are now in positive territory year over year, as the average check rises to $3,143. That's up from $3,103 a year ago. Here's what you can expect.

  • Watch CNBC's full interview with Treasury Secretary Steven Mnuchin

    Treasury Secretary Steve Mnuchin sits down with CNBC's Hadley Gamble to discuss ongoing trade talks, the U.S. relationship with Europe, tax refunds and more.

  • Treasury Secretary Steve Mnuchin speaks to Capitol Hill reporters January 15, 2019.

    Treasury Secretary Steven Mnuchin sought to quell concerns about lower tax refunds this tax season, offering new data showing a recent surge in refund amounts.

  • Trump needs a win

    Gareth Nicholson of the Bank of Singapore explains why he says U.S. President Donald Trump needs to get some sort of "concrete deal" done with China.

  • When working from home isn’t work out

    For some taxpayers, refunds might be smaller this year. Here's how to deal and what you can do to prepare for next year.

  • NEW YORK, Feb 15- Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of December, according to U.S. Treasury Department data released on Friday, amid wide perceptions that month that the Federal Reserve would still raise interest rates multiple times in 2019.. "I think in December there was still a lot of talk that the Fed would still...

  • NEW YORK, Feb 15- Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of December, according to U.S. Treasury Department data on Friday. China had $1.123 trillion in U.S.

  • WASHINGTON, Feb 15- The U.S. Treasury Department on Friday imposed sanctions on top Venezuelan security officials and the head of Venezuelan state oil company PDVSA as it ratcheted up pressure on embattled Venezuelan President Nicolas Maduro over an election it says was illegal. Along with PDVSA head Manuel Quevedo, Treasury targeted three top Venezuelan...

  • NEW YORK, Feb 14- Fannie Mae and Freddie Mac said on Thursday they will pay a combined $4.7 billion in dividends to the U.S. Treasury Department by March as the housing finance agencies posted stronger annual 2018 net incomes than a year earlier. In September 2008, the government took control of the two government-sponsored enterprises in a $187 billion bailout...

  • Social Security checks

    The average tax refund issued by the IRS is $1,949, down from $2,135 in the year-ago period, according to the IRS. That may not necessarily be a bad thing. Here's what you should know.

  • WASHINGTON, Feb 13- The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year's tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday. But Washington's accounts have run $319 billion into the red since the fiscal year began in October, compared to a $225 billion deficit...

  • WASHINGTON, Feb 13- The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year's tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday. Analysts polled by Reuters had expected an $11 billion deficit for the month and the gap was the latest sign of deterioration in the...

  • In a report released on Tuesday, the Internal Revenue Service watchdog said the 35- day shutdown cut back on the number of IRS call center agents who were able to talk to taxpayers about preparing their returns. "Make no mistake about it, these numbers translate into real harm to real taxpayers," the National Taxpayer Advocate, an internal IRS watchdog, said in a...