At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.
The improper payments happened due to confusion over whether dead people should receive the payments from the IRS, according to a report by the Government Accountability Office.
FLAGSTAFF, Ariz. (AP) — A federal judge says he will issue a decision Monday on a request from tribal nations to temporarily halt the distribution of $8 billion in coronavirus relief funding.
Prompted by a request by Sen. Chuck Schumer, D-N.Y., the department's acting inspector general said he will look into what led to a postponement of the abolitionist's appearance on the note.
The U.S. Treasury Department has awarded $45 million in federally-funded New Market Tax Credits to the City of Las Vegas, to invest in low-income and underserved communities in Southern Nevada.
Weeks after being ousted at Wynn Resorts amid sexual misconduct allegations, Steve Wynn met with Treasury Department officials about ways to reduce his tax liabilities.
Wynn potentially faced a huge tax bill after selling his stake in the company for $2.1 billion.
The Treasury Department's announcement of new sanctions on powerful Russians describes a global soap opera about power and money at the highest levels.
The U.S. Treasury is accusing Exxon Mobil of violating sanctions on Russia in a series of deals in May 2014. "What were they thinking?" wonders one of the architects of the sanctions.
The blacklisted people work on weapons development for Syria, the administration says. Treasury Secretary Steven Mnuchin says the sanctions "target the scientific support center" for the attack.
Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.
The department has revised rules first issued in April, aimed at so-called tax inversions and earnings stripping. They involve companies moving their legal addresses and tax bills abroad.
It's a major step forward on a key portion of last year's nuclear deal with Iran, and is seen as a test case on doing business with that country. The planes will help modernize Iran's aging fleet.
SPARKS, Nev. (AP) — The Sparks Nugget has been ordered to pay a $1 million civil fine after the northern Nevada hotel-casino admitted violating federal anti-money laundering regulations.
President Obama calls the controversial practice "one of the most insidious tax loopholes out there." Now the Treasury Department has introduced rules aimed at reducing the incentives for inversions.
On Saturday, many sanctions on Iran were lifted under the nuclear pact, and the U.S. and Iran exchanged prisoners. On Sunday, the U.S. Treasury announced new sanctions over Iran's weapons program.
The Treasury Department has launched a new type of retirement account that allows people to save without taking risks or paying fees. The myRA program is designed to encourage workers to start saving.
Blind since birth, Connor McLeod couldn't tell how much money he'd been given for Christmas. So he started a petition seeking banknotes that can be differentiated by touch.
