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U.S. Department of the Treasury

Treasury proposes rule to extend anti-money laundering regs to investment advisers

by James Odonell
Treasury proposes rule to extend anti-money laundering regs to investment advisers

US Secretary of the Treasury Janet Yellen speaks with the press after a tour with staff through the Financial Crimes Enforcement Network (FinCEN) office in Vienna, Virginia, on January 8, …

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Categories Politics

Treasury hunt for Russian oil sanction violators on seas intensifies

by Adrian Jhonsan
Treasury hunt for Russian oil sanction violators on seas intensifies

A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images The …

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Categories World

GOP’s IRS funding cut would hurt customer service goals

by Adrian Jhonsan
GOP’s IRS funding cut would hurt customer service goals

U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington on Nov. 7, 2023. Kevin Lamarque | …

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Categories World

Treasury details plans to step up size of bond sales to manage growing debt load and higher rates

by Adrian Jhonsan
Treasury details plans to step up size of bond sales to manage growing debt load and higher rates

The Treasury Department announced plans Wednesday to accelerate the size of its auctions as it looks to handle its heavy debt load and with financing costs rising. In a development …

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Categories World

$7,500 EV tax credit may be easier to get in 2024 per Treasury rule

by Adesola Mojo
,500 EV tax credit may be easier to get in 2024 per Treasury rule

Maskot | Maskot | Getty Images A new proposal by the U.S. Department of the Treasury would make it easier for consumers to get a tax credit when buying a …

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Categories Automobile

Bond yields could race through 5%, market forecaster Jim Bianco warns

by Adrian Jhonsan
Bond yields could race through 5%, market forecaster Jim Bianco warns

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in the next couple of weeks. “I don’t think we’re near …

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Categories World

Climate change could devastate household finances, U.S. Treasury warns

by Adrian Jhonsan
Climate change could devastate household finances, U.S. Treasury warns

Makatla Ritchter wades through flood waters after having to evacuate her home when the flood waters from Hurricane Idalia inundated it on August 30, 2023 in Tarpon Springs, Florida. Joe …

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Categories World

This is the best time to redeem Series I bonds, according to experts

by Adrian Jhonsan
This is the best time to redeem Series I bonds, according to experts

Investors piled into Series I bonds amid record yields, and some are now eyeing an exit for higher-interest alternatives. But redeeming I bonds can be tricky, experts say. After reaching …

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Categories World

What’s Next: The Impact of Low Federal Interest Rates on the U.S. Economy

by Adrian Jhonsan
What’s Next: The Impact of Low Federal Interest Rates on the U.S. Economy

The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …

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Categories World
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