Treasury, inflation and bond yield
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Treasury Secretary Scott Bessent is not happy with the Justice Department investigation into Federal Reserve Chairman Jerome Powell, multiple sources told ABC News.
The Treasury Department announced new FinCEN and IRS actions targeting widespread government benefits fraud in Minnesota that has cost taxpayers billions.
1don MSN
Former Fed chairs, Treasury secretaries defend Jerome Powell amid Trump DOJ's criminal probe
Treasury secretaries from both administrations of both parties is defending Fed Chair Jerome Powell amid the Trump DOJ's investigation.
The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."
The Fed is a separate agency from the U.S. Treasury, but both are responsible for keeping the economy stable. Here's the difference between the two bodies.
Japan's Finance Minister Satsuki Katayama said she and U.S. Treasury Secretary Scott Bessent shared concerns over what she called the yen's recent "one-sided depreciation", as Tokyo stepped up threats of intervention to stem the currency's fall.
Monday afternoon's sale of $39 billion in 10-year Treasury notes produced solid results, suggesting that strong demand for long-dated government paper persists in the new year. The sale, which was accompanied by an auction of three-month bills,
New Treasury Department initiatives to combat fraud in Minnesota mark the latest action by the Trump administration amid the scandal.
Treasury Secretary Scott Bessent told Fox News there will be cash rewards for whistleblowers in Minnesota’s fraud scandal as the Trump administration investigates.
5don MSN
Treasury implementing Trump’s car loan interest tax break: 'Putting money back in the pockets'
Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in working families' pockets.
Treasury yields rose slightly as Fed Chair Powell decried the DOJ’s criminal probe as an attempt to arm-twist monetary policy.