WASHINGTON— Treasury Secretary Janet Yellen sounded an urgent call Tuesday for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so. If the debt limit isn’t raised by Oct. […]
WASHINGTON — Senate Minority Leader Mitch McConnell has warned Treasury Secretary Janet Yellen he is not budging on his demand that Democrats go it alone on the federal debt limit, deepening the emerging standoff in Congress over how to boost […]
The Treasury Department on Monday launched its $350 billion program to distribute aid to state and local governments, giving the U.S. economy an added boost after relatively modest hiring in April. The aid is part of President Joe Biden’s larger […]
WASHINGTON — The Treasury Department says it has sent out 90 million economic impact payments totaling $242 billion since President Joe Biden signed a $1.9 trillion pandemic relief plan last week. The bulk of those payments were made by the […]
WASHINGTON — President Joe Biden will join Senate Democrats for a virtual lunch Tuesday to discuss his $1.9 trillion coronavirus rescue plan as Congress sets up votes to fast-track the sweeping aid package toward eventual approval with or without Republican support. […]
WASHINGTON — Janet Yellen was sworn in Tuesday as the nation’s 78th Treasury secretary and the first woman to hold the office. She was sworn in by Vice President Kamala Harris at a ceremony performed outside on the East Landing […]
WASHINGTON — President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person […]
WASHINGTON — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, double the red […]
WASHINGTON — The White House is backing a $400 per week pandemic jobless benefit and is dangling the possibility of a COVID-19 relief bill of $1.6 trillion as last-ditch, pre-election negotiations hit a critical phase Thursday. The offer by Treasury […]
Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S. Oracle […]
WASHINGTON — A last-ditch effort by Democrats to revive Capitol Hill talks on vital COVID-19 rescue money collapsed in disappointment Friday, making it increasingly likely that Washington gridlock will mean more hardship for millions of people who are losing enhanced […]
WASHINGTON — After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill. An exchange of offers Tuesday and a meeting devoted to the U.S. Postal […]
WASHINGTON — Frustrated Senate Republicans re-upped their complaints Tuesday that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session brought at least modest concessions from both sides, even […]
WASHINGTON — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed Monday afternoon in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in […]
WASHINGTON — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year’s second quarter. Treasury […]
WASHINGTON— With political pressure rising, talks on a huge coronavirus relief measure resumed on Saturday, focused on restoring a newly expired $600-per-week supplemental unemployment benefit, a fresh $1,200 direct payment to most Americans, and hundreds of billions of dollars in […]
WASHINGTON — Nearly 1.1 million coronavirus relief payments totaling some $1.4 billion went to dead people, a government watchdog reported Thursday. Legal and political issues hang over the misdirected taxpayer funds, the latest example of errors in massive aid being dispensed […]
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Mostly White Jury Seated For Trial In Daunte Wright’s Death Copyright © 2021 Front Street. All Rights Reserved.
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