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News Articles: Treasury Department

Elon Musk at the inauguration of President Trump on Jan. 20 in Washington, D.C. Trump tasked Musk with dramatically slashing government via the Department of Government Efficiency team. Its work has been secretive and controversial and has created chaos throughout the federal workforce.

Tagged as: 

  • Politics

Who is part of Elon Musk's DOGE, and what are they doing?

The scope of DOGE's work and the identities of the people carrying it out isn't fully clear — leaving agencies and government workers in chaos.

February 10, 2025
|
By:
  • Shannon Bond,
  • Stephen Fowler,
  • and 1 more
A statue of Alexander Hamilton is seen outside the U.S. Department of Treasury building in a 2023 file photo.

Tagged as: 

  • Politics

Member of Elon Musk's DOGE team resigns after racist posts resurface

Marko Elez had recently been given special access by a federal judge to highly sensitive payment systems in the Department of Treasury.

February 07, 2025
|
By:
  • Bobby Allyn and
  • Shannon Bond
Scott Bessent speaks at the National Conservative Conference in Washington, D.C., on July 10, 2024. Bessent is Trump's nominee to be the next Treasury Secretary.

Tagged as: 

  • Politics

Trump nominates Wall Street investor Scott Bessent as treasury secretary

President-elect Trump nominated Bessent, a former protégé of George Soros to be his next treasury secretary.

November 22, 2024
|
By:
  • Maria Aspan
U.S. Treasury Secretary Janet Yellen speaks at the Port of Savannah on Friday, Sept. 29, 2023.

Tagged as: 

  • Economy

Yellen calls Savannah port ‘by far the most impressive’ she's seen, praises Biden's work on economy

Janet Yellen cheered the Bipartisan Infrastructure Law's investment in harbor deepening.

September 29, 2023
|
By:
  • Benjamin Payne
Marilynn Malerba stands next to a photograph of late Chief Ralph Sturges at tribal offices in Uncasville, Conn., on March 4, 2010. On Wednesday, President Biden announced his intent to appoint her U.S. treasurer in a historic first.

Tagged as: 

  • Politics

Marilynn Malerba could soon be the first Native American to serve as U.S. treasurer

Malerba, the lifetime chief of the Mohegan Indian Tribe, would be the first Native woman to have her signature on U.S. currency. She'd also lead the Treasury's new Office of Tribal and Native Affairs.

June 22, 2022
|
By:
  • Rachel Treisman
This photo provided by the North Korean government shows what it says a test launch of a hypersonic missile on Tuesday in North Korea.

Tagged as: 

  • Asia

U.S. hits North Korean officials with sanctions after missile test

The U.S. is also proposing U.N. sanctions in response to North Korea's six ballistic missile launches since September, each of which it says "were in violation of UN Security Council resolutions."

January 12, 2022
|
By:
  • The Associated Press
Cornell University Professor Saule Omarova testifying on fintech at a hearing organized by the Senate Banking committee on Sept. 18, 2018. Today, Omarova is President Biden's nominee to head the agency that oversees the majority of the assets held by the country's banks, and she will appear in front of the same Senate committee for her confirmation hearing on Thursday.

Tagged as: 

  • Business

A look into the ugly and incredibly personal fight over Biden's pick to oversee banks

An ugly battle is being waged over Saule Omarova, President Biden's nominee to oversee most of the money held by banks. Her confirmation hearing is on Thursday.

November 18, 2021
|
By:
  • David Gura
Tenants facing eviction wait to speak with attorneys from Memphis Area Legal Services in Room 134 of the Shelby County General Sessions Court in Memphis, Tenn.

Tagged as: 

  • National

With The Eviction Ban Over, Here's How One City Is Hustling To Help Those Who Need It

There's new urgency to get billions of dollars in federal rental assistance to tenants and landlords. Memphis, without an eviction ban since July, has figured out some things that work.

September 01, 2021
|
By:
  • Laurel Wamsley
Former President Donald Trump's lawyers filed a motion in federal court Wednesday seeking to block the release of his tax returns to a Democratic-led House committee.

Tagged as: 

  • Politics

Trump Calls The Fight To Get Tax Returns A Political Attempt To Retaliate Against Him

"The requests single out President Trump because he is a Republican and a political opponent," the former president's lawyers say in a new motion.

August 04, 2021
|
By:
  • Domenico Montanaro
President-elect Joe Biden's pick to lead the Treasury Department, Janet Yellen, here in 2019, is urging greater federal spending to cope with the pandemic and to help boost the struggling economy.

Tagged as: 

  • Economy

Yellen Urges Congress To 'Act Big' To Prop Up Pandemic-Scarred Economy

At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.

January 19, 2021
|
By:
  • Scott Horsley

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