Treasury Department

U.S. Could Run Out of Cash by July, Analysis Finds

The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.

By Alan Rappeport

Bessent, Scott Nasdaq Composite Index Russell 2,000 Stock Index Standard & Poor's 500-Stock Index Stocks and Bonds Treasury Department Trump, Donald J United States Economy

Stocks Fall Into a Correction With Investors Down on Trump

The S&P 500 is now more than 10 percent below its last record high — a line in the sand for investors worried about a sell-off gathering steam.

By Joe Rennison and Danielle Kaye

Bessent, Scott Biden, Joseph R Jr Foreign Workers Government Efficiency Department (US) Government Employees Hiring and Promotion Internal Revenue Service Layoffs and Job Reductions Musk, Elon Treasury Department Trump, Donald J United States Politics and Government Werfel, Daniel I

Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff

President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.

By Andrew Duehren

Children and Childhood Education Department (US) Executive Orders and Memorandums Federal Aid (US) Illegal Immigration Student Loans Terrorism Transgender Treasury Department Trump, Donald J United States Politics and Government

Trump Seeks to Bar Student Loan Relief to Workers Aiding Migrants and Trans Kids

The president signed an order that would deny loan forgiveness to workers for groups engaged in “substantial illegal activities,” which it indicated included things like diversity initiatives.

By Stacy Cowley