U.S. Treasury

The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year

President-elect Joe Biden nominated former chair of the Federal Reserve, Janet Yellen, to be Secretary of the Treasury. Here are five things to know about Yellen.

The U.S. government’s war against the coronavirus is imposing the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago

The Internal Revenue Service is canceling over 1.1 million coronavirus stimulus checks it sent to deceased Americans in April.

Your spare change is in high demand right now: U.S. businesses are facing a nationwide coin shortage after the coronavirus pandemic has all but stopped cash transactions.

The Trump administration has relented to public pressure and pledged to provide more details about which small businesses received loans from a $600 billion-plus coronavirus aid program

If you’re sick of checking your bank account and IRS.gov, wondering where your stimulus payment is, you’re not alone. Since Tuesday, NBC 5 Responds has received more than 200 emails on the issue.

If you’re sick of checking your bank account and IRS.gov, wondering where your stimulus payment is, you’re not alone. Since Tuesday, NBC 5 Responds has received more than 200 emails on the issue.

If you’re sick of checking your bank account and IRS.gov, wondering where your stimulus payment is, you’re not alone. Since Tuesday, NBC 5 Responds has received more than 200 emails on the issue.

Less than 24 hours after the Treasury Department formally extended cash grant offers to the six largest airlines in the U.S., the union representing 120,000 flight attendants is blasting the move with a dire warning.

Taha Shakouri keeps finding remote corners to play in at a Tehran children’s charity hospital, unaware that his doctors are running out of chemo medicine needed to treat the eight-year-old boy’s liver cancer. With Iran’s economy in free fall after the U.S. pullout from the nuclear deal and escalated sanctions on Tehran, prices of imported medicines have soared as the...

Representatives of at least 22 foreign governments appear to have spent money at Trump Organization properties, an NBC News review has found, hinting at a significant foreign cash flow to the American president that critics say violates the U.S. Constitution. The extent and amount of foreign spending at Trump’s hotels, golf clubs and restaurants is not known, because the Trump...

A bill introduced in the U.S. Senate would authorize the U.S. Treasury to mint $1 coins honoring former President George H.W. Bush and his wife, Barbara, for the year.

A U.S. Treasury employee has been arrested on charges that she leaked to BuzzFeed News multiple reports about suspicious financial transactions involving ex-Trump campaign chief Paul Manafort, law-enforcement officials said. The highly confidential documents allegedly leaked by the employee also were related to former Trump campaign official Richard Gates, accused Russian agent Maria Butina, a suspected Russian money launderering entity...

Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked down to 4.71 percent...

With the Federal Reserve’s latest quarter-point interest rate increase (and still more likely to come), the pressure is mounting for consumers. The Fed’s eighth hike in two years pushes the federal funds rate target to a new range of 2 to 2.25 percent. That rate is closely tied to consumer debt, particularly credit cards, home equity lines of credit and...

Long-term U.S. mortgage rates rose for the second straight week, continuing to dampen prospects for potential homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped to 4.60 percent this week from 4.54 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached...

The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell, have already raised interest rates twice this year and pointed to two more increases before the end of 2018. Yet just last month, President Donald Trump...

Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. Still, the average rate has increased from a year ago...

President Donald Trump on Thursday cast doubt on the prospect of successful trade talks with China, saying the Asian economic powerhouse has become “very spoiled” because it usually gets its way with the U.S. Trump, in response to questions from reporters during a meeting with NATO’s secretary-general, said the United States has been losing $500 billion a year on trade...