Category: Treasury Department

The U.S. Hit Its Debt Limit. What Happens Next?

The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
America Set to Hit Its Borrowing Limit Today, Raising Economic Fears

The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster

Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans

A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress

The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
Which Electric Vehicles Qualify for Federal Tax Credits?

Here is a partial list of electric and plug-in hybrid vehicles that will qualify for federal tax credits in 2023.
Treasury Department Outlines Rules for New Corporate Taxes

The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.
New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills

Users of digital wallets and e-commerce platforms like Venmo, CashApp, Etsy and StubHub must start reporting small transactions.
Chechen Leader Has More Interactions With UFC Fighters Amid US Sanctions

The U.S. State Department says it knows of apparent ties between Ramzan Kadyrov, the Chechen strongman, and mixed martial arts fighters.
Yellen is First Female Treasury Secretary With Signature on U.S. Dollar

Two women — the first female Treasury secretary and the first Native American to serve as U.S. treasurer — now have their signatures on America’s currency.
At the DealBook Summit, Untangling the Now — and the Future

In challenging times, choosing the direction of a company can be a lot like shifting pieces of a puzzle — with sometimes staggering consequences.
David Lipton, Economic Diplomat, Will Step Down From Treasury

Mr. Lipton, who served in senior roles in the Clinton and Obama administrations and at the I.M.F., is retiring.