U.S. Department of the Treasury

The fed said banks had borrowed about $300 billion in emergency funding in the past week. So will ordinary Americans end up paying for it, one way or another?

“I can reassure the members of our committee that our banking system remains sound,” Treasury Secretary Janet Yellen told legislators Thursday. “Americans can feel confident that their deposits will be there when they need them.”

Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical step in stemming a feared panic.

Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank

The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle classification definitions.

The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.

Economists say consequences of a default on the national debt could include higher interest rates, a stock market crash, a recession and massive job losses. NBC’s Alice Barr reports.

Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.

The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month. That starts the clock on an expected standoff between President Joe Biden and the new House Republican majority. Both political parties’ ability to navigate a divided Washington will be tested, with the fragile global economy at stake. Once the cap...

The U.S. and international allies have imposed a barrage of punitive measures against Russia since the country launched its invasion of Ukraine on Feb. 24.

Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China as a partner to Russia.

If you have overseas financial accounts, you may need to disclose balances to the U.S. Department of the Treasury by April 15 or incur a steep tax penalty.

Higher prices are not going away any time soon. However, experts say there are steps you can take to protect your money.

In January, the U.S. Mint released quarters featuring Maya Angelou, the first U.S. coins ever to honor a Black woman. Their design is just as symbolic, too.

Treasury Secretary Yellen said that Americans are likely to see another year of “very uncomfortably high” inflation due to Russia’s war in Ukraine.

The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.

Americans will soon realize that the interest on our national debt is costing taxpayers a frightening percentage of our national income and wealth.

Black employees at the U.S. Mint say they feel threatened and marginalized, The New York Times reported, citing an internal report.

Ex-U.S. Treasurer Rosie Rios on her journey from a working class background to the Treasury Department, where she worked to land more female faces on U.S. currency.

Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank could step up the removal of its efforts to boost the economy.