Government Agencies Treasury Department

  • WASHINGTON, Aug 16- President Donald Trump held a conference call Wednesday with the heads of three large Wall Street banks as financial markets were in turmoil, one source with direct knowledge said on Friday. Following a previously scheduled meeting at the Treasury Department, JPMorgan Chase& Co.s Jamie Dimon, Bank of America Corp.s Brian Moynihan and...

  • Paying your taxes

    The IRS will automatically waive a tax underpayment penalty for a handful of 2018 filers. How to find out if you're affected.

  • Stressed about money

    More than 4 out of 10 people polled by NerdWallet are perfectly fine with taking home less pay and sending more money to the IRS throughout the year. That's because they're banking on a big refund next year.

  • Close-up of IRS Form 1040

    If you wound up owing the taxman last year, you're running out of time to avoid a repeat next spring. Here's what you should know.

  • Treasury yields have tumbled since last week in the wake of the escalation in trade tensions between China and the United States. China retaliated on Monday by letting its currency weaken to 7 yuan to the dollar, a level not seen in a decade. This led to the U.S. Treasury Department to label China as a currency manipulator.

  • NEW YORK, Aug 6- U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies would be the latest weapon in the trade war. China's overnight intervention came after the U.S. Treasury Department labeled Beijing as a currency manipulator as it let the...

  • Aug 6- U.S. stocks rose on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year. China's overnight intervention came after the U.S. Treasury Department labeled Beijing as a currency...

  • NEW YORK, Aug 6- The U.S. Treasury Department said on Tuesday it will sell $40 billion of two-month bills on Thursday, which is a record high amount of this maturity at an auction, as it increases its short-term borrowing to replenish its coffer. The Treasury would issue anywhere from $100 billion to $200 billion in additional T-bill supply, beginning in August in an...

  • An employee counts 100-yuan banknotes at a bank in Lianyungang, China.

    China will not respond to the Trump administration's name-and-shame approach and will hit back if there are more tariffs, says Roach.

  • SHANGHAI/ BEIJING, Aug 6- China's official Communist Party newspaper said on Tuesday the United States was "deliberately destroying international order", a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute. The U.S. Treasury Department said on Monday that it had determined for the first time since 1994 that...

  • Aug 6- Gold prices continued to rise on Tuesday as the protracted trade war between the United States and China intensified after Washington designated Beijing a currency manipulator, prompting a flight towards safe-haven assets. *The U.S. Treasury Department said on Monday it had determined for the first time since 1994 that China was manipulating its...

  • WASHINGTON/ SHANGHAI, Aug 5- A yearlong U.S.- China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade. The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency,...

  • WASHINGTON/ SHANGHAI, Aug 5- A yearlong U.S.- China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade. The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency,...

  • SAN FRANCISCO, Aug 5- S&P 500 futures dropped 1.2% late on Monday after the U.S. Treasury Department labeled China as a currency manipulator. The U.S. government has determined that China is manipulating its yuan currency, and will engage with the International Monetary Fund to eliminate unfair competition from Beijing, U.S. Treasury Secretary Steven Mnuchin...

  • President Donald Trump speaks to the media before departing the White House en route West Virginia in Washington, July 24, 2019.

    China's government and companies in China do not pay U.S. tariffs directly. Tariffs are a tax on imported products and are paid by U.S.-registered firms to U.S. customs when goods enter the United States.

  • U.S. Treasury Secretary Steven Mnuchin talks to reporters about cryptocurrency in the Brady Press Briefing Room at the White House July 15, 2019 in Washington, DC. Mnuchin said the Treasury is very concerned about Facebook's Libra cryptocurrency and that he wants the government to "make sure that the U.S. financial system is protected from fraud.”

    The Treasury Department said it will issue more than $400 billion in debt this quarter, putting upward pressure on interest rates even as the Federal Reserve cuts its rate target.

  • House Ways and Means Committee Chairman Kevin Brady (R-TX) holds up an example of the 'postcard-sized' form he wants people to use when filing their taxes during a markup session of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill November 6, 2017 in Washington, DC.

    The "postcard-sized" income tax return is about to undergo an overhaul. The IRS has released a draft of its new Form 1040 for the 2019 tax year.

  • NEW YORK, July 31- Freddie Mac's net income fell in the second quarter from a year-ago due to derivative losses, while it will pay the U.S. Treasury Department $1.8 billion in dividends by September, the mortgage finance agency said on Wednesday. Its income totaled $1.506 billion in the second quarter, down from $2.503 billion in the same quarter in 2018..

  • WASHINGTON, July 31- The Trump administration plans to ramp up borrowing with short-term debt issuance once Washington raises a borrowing limit in order to get the nation's cash buffer back to a safe level, the Treasury Department said on Wednesday. The government has had to run down its cash holdings in recent months because Congress and President Donald...

  • Larry Summers

    The Democratic former Treasury secretary says the Trump administration should not weaken the dollar in order to boost competitiveness.