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Fed Pays US Treasury $86.9 Billion, Largest Sum in 4 Years
The Federal Reserve earned $88.6 billion in 2020 and paid back to the federal government $86.9 billion, the largest Fed payment to the government in four years.
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Fed Stresses Its Commitment to Low Rates as Economy Stumbles
The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic
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Treasury Department Email Accounts Compromised in Hack, Senator Says
Dozens of email accounts at the Treasury Department were compromised in a massive breach of U.S. government agencies being blamed on Russia, with hackers breaking into systems used by the department’s highest-ranking officials, a senator said Monday after being briefed on the matter.
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US Piles Up Record October Budget Deficit of $284.1 Billion
The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits
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GOP Wary as Trump Pushes New Round of Stimulus Checks
President Donald Trump’s call for another election-season round of direct stimulus checks to most taxpayers is getting a lukewarm endorsement at best from his GOP allies on Capitol Hill.
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Administration Drops Secrecy Posture on Small Business Aid
The Trump administration has abruptly dropped its insistence on secrecy for a $600 billion-plus coronavirus aid program for small businesses
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Judge: U.S. Must Release $679M in Tribal Virus Relief Funds
A federal judge says the U.S. Treasury Department must release $679 million in coronavirus relief to tribes that it intended to withhold over a court challenge