Category: Treasury Department

How the G7 Oil Price Cap Has Helped Choke Revenue to Russia

Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
Debt Ceiling: Yellen Reiterates That U.S. Could Run Out of Cash by June 1

The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis.
U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns

A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds

Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.
Is Tucker Carlson Too Hot for Twitter to Handle?

Elon Musk didn’t exactly give the conservative media star a warm embrace, suggesting the outspoken owner has reservations.
The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds

As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
‘There Are No Good Options’: The U.S. Is Running Out of Money

Treasury is running out of cash, leaving little time to resolve a debt ceiling standoff that could result in default.
Regulators Raise the Alarm on a Potential Market Risk

Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.
Everything You Need to Know About the Debt Ceiling

Congress controls how much money the United States can borrow. Here’s a look at why that is and what it means.
Is the Debt Limit Constitutional? Biden Aides Are Debating It.

As the government heads toward a possible default on its debt as soon as next month, officials are entertaining a legal theory that previous administrations ruled out.
U.S. Could Run Out of Cash by June 1, Yellen Warns

Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.
Trickling Tax Revenue Complicates Debt Limit Talks

The Treasury Department’s ability to delay a default, the so-called X-date, hinges on how fast the money is coming in.