Treasury Department

More Audits Of Millionaires And Billionaires Could Help IRS Collect Billions In Unpaid Taxes

Administration officials are using the report to promote President Joe Biden's economic agenda as he campaigns for reelection — and as the IRS faces threats to its funding.
By Fatima Hussein, AP

Jan. 6 Cited 'Repeatedly' By Ratings Firm In U.S. Credit Downgrade: Administration Official

The Treasury brushed off the potential impact of Fitch Ratings' move as it announced details of upcoming debt sales.
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U.S. Treasury Says Congress Must Raise Debt Limit By June 5

The announcement by Secretary Janet Yellen gives Congress major breathing room as they seek to avert a debt default.
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Janet Yellen Says June 1 Remains 'Hard Deadline' For Congress To Raise Debt Limit

The Treasury Secretary added that some bills will "have to go unpaid" if lawmakers don't act in time.
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Relax! The Government Won’t Default And Send The Economy Into A Tailspin Until July — Probably

Tax season receipts are still down, but not as much as feared, easing concerns over a possible June “drop dead” debt default date.
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Feds Probe Florida Gov. Ron DeSantis On Funding For Migrant Plane Trip

A Treasury Department watchdog said it “has audit work planned” on the state’s compliance with requirements for using American Rescue Plan funds.
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Biden Names Mohegan Tribe Member To Be First Native American U.S. Treasurer

Lynn Malerba, the first woman to be named ceremonial chief of the Mohegan Tribe, will have her name on currency and head up a new Treasury Department tribal affairs office.
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Billions In Federal Rental Aid Sit Unspent By Local Governments

At least 50 cities and counties still haven't sent out a single penny, according to a HuffPost analysis of Treasury data.
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Suspected Russian Hackers Reportedly Spied On U.S. Treasury Emails

The hack is so serious it led to a National Security Council meeting at the White House on Saturday, said one of the people familiar with the matter.
By Christopher Bing, Reuters

A $500 Billion Corporate Bailout? With Few Conditions? Katie Porter Wants Oversight Now.

"I want to be crystal clear: The Treasury can move this money in an hour," said the California Democrat.
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