Republican senator's unexpected compliment for Biden official
Treasury Secretary Janet Yellen testified before a Senate committee on Tuesday, touting "Bidenomics" for bringing down inflation.
Biden imposes more sanctions on Iran after attack
The Treasury Department's latest sanctions targeting Iran's Revolutionary Guard Corps and Hezbollah come amid rising tensions between Washington and Tehran.
Putin's oil trade gambit flops amid sanctions
Sanctioned Russian tankers idle, unable to deliver millions of barrels of oil to India.
U.S. sanctions Chinese companies for involvement in fentanyl crisis
The Treasury Department's latest round of sanctions targets 28 people and entities involved in a fentanyl-smuggling operation based in China.
Fitch downgraded U.S. credit rating for these four reasons
The credit rating agency has removed the federal government's AAA status, citing a number of reasons from lower growth to political polarization.
Shock U.S. credit rating downgrade by Fitch rings alarm bells about economy
Fitch has cited concerns over the country's high and growing debt, its unresolved fiscal issues, and an incoming recession.
Matt Gaetz doesn't "believe" Janet Yellen on looming crisis
"I don't understand why we're not making Janet Yellen show her work," the Florida congressman said.
Kevin McCarthy may have to break a promise to Republicans again
McCarthy would need to strike a deal with the White House by Sunday if he wants enough time to deliver on his promise to House Republicans.
Housing market could be thrown into disarray
Interest rate hikes triggered by a U.S. default "would literally crush the housing market in the U.S.," former FHA commissioner David Stevens told Newsweek.
The Last Thing Americans Need Is Another Broken Federal Retirement Program
There are already myriad ways for consumers to meet their retirement needs, and to do so without concerns about how political instability might impact their savings.
Investors bet on Fed raising interest rates after First Republic failure
The collapse of First Republic means that three of the four largest bank collapses occurred in 2023.
Strong Implementation of Bipartisan Law Key to Cleaning Up Financial System
Fighting corruption and kleptocracy is one of the most important actions we can take to protect and promote democracy around the world.
Janet Yellen changing bank statement raises eyebrows
"What does Yellen know that has her completely pivoting from yesterday's rhetoric?" one Twitter user questioned.
Biden official helps restore confidence as rank stocks rise
Banks experienced a stock bump following U.S. Treasury Secretary Janet Yellen's comments before Congress.
Republicans tout "new evidence'" against Joe Biden's children
"At a minimum, it's a terrible look [for the Bidens]," former federal Prosecutor Neama Rahmani told Newsweek.
Elizabeth Warren calls for SVB executives' salaries to be "clawed back"
The Democratic senator is blaming members of both major political parties, as well as lobbyists, for recent rollbacks.
Will there be a run on the banks? These are the warning signs
The meltdown of Silicon Valley Bank, the 16th largest in the U.S., is the biggest by assets since the 2008 financial crisis.
Feds to pay all depositors as Signature Bank closes following SVB collapse
Government officials said "no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."
More banks will fail like Silicon Valley Bank, former FDIC chair predicts
Another former FDIC chair added that the failure of SVB should be "a wake-up call" to other banks about the risks they face.
After SVB, Yellen must act to prevent run on banking system, Democrat says
Representative Josh Gottheimer asked the treasury secretary to "take immediate steps using all necessary regulatory tools."
Wagner Group lands in crosshairs of U.S. sanctions after Bakhmut success
In addition to sweeping sanctions, the U.S. government re-designated the mercenary group as a "significant transnational criminal organization."
Yellen warns default would cause "widespread damage" to U.S. economy
House Republicans have called for spending cuts to certain programs as a condition for raising the country's debt ceiling.
Fact Check: Under Donald Trump, did U.S. accrue 25% of national debt?
The federal debt rose trillions during the Republican's time four years in office, albeit amid major borrowings as a result of the pandemic.
What happens when U.S. reaches debt limit as ceiling inches closer
Treasury Secretary Janet Yellen warned House Speaker Kevin McCarthy that the U.S. government is projected to reach its debt limit on January 19.
Republicans loudly celebrate passing bill to defund IRS in video
The GOP voted to pass the Family and Small Business Taxpayer Protection Act while pushing the claim new funding will be used to hire 87,000 auditing agents.
Wealthy tax cheats set to benefit from Republicans' defunding of IRS
Experts tell Newsweek that repealing the funding for 87,000 IRS agents will make it easier for people to evade taxes.
U.S. in 'New Financial Territory' as Mortgage Rate Surges—Larry Summers
Rising mortgage rates will make things harder for potential home buyers, already struggling with rocketing house prices, high demand, inflation and lack of supply.
Unclaimed Money Waiting in State Treasuries Amounts to Billions of Dollars
The unclaimed funds managed by the Department of the Treasury could include anything from lost saving accounts, inheritance, life insurance and properties
Hunter Biden: Republican Accuses Treasury of Running Cover for Biden Family
GOP Representative James Comer said the "Biden administration changed the rules to severely restrict Congress' access to suspicious activity reports."
IRS Deletes Requirement That New Agents Be Willing to Use 'Deadly Force'
Backlash against IRS hiring practices follows criticism alleging that tens of thousands of new agents will be hired and go after poorer Americans.