House Democrats sue Treasury, IRS chiefs for Trump tax returns
House Democrats asked a U.S. court to force the Treasury Department to turn over six years of President Donald Trump's personal and business tax returns. The long-expected lawsuit filed Tuesday is the latest attempt by Congress to assert oversight over the executive branch, as the ...
Defying Trump, U.S. Senate advances measure critical of easing Russia sanctions
The U.S. Senate voted on Tuesday to move ahead with a resolution disapproving of a Trump administration plan to ease sanctions on Russian companies tied to Russian oligarch Oleg Deripaska, clearing the way for debate and a vote on the plan. The vote marked a ...
Fed chair's job not in jeopardy and Trump happy with Treasury chief: White House economic adviser
The head of the U.S. Federal Reserve faces no risk of losing his job and President Donald Trump is happy with his Treasury secretary, a White House official said in an apparent attempt to calm Wall Street nerves frayed by Trump's criticism of the ...
U.S. hits Russian intelligence and troll farm with fresh sanctions
The U.S. Treasury hit 15 members of Russia's GRU military intelligence agency with sanctions Wednesday over their alleged roles in interference in the 2016 presidential election and hacking the World Anti-Doping Agency. Also sanctioned were two GRU agents who allegedly attempted to assassinate Russian defector ...
U.S. budget deficit hits highest level in six years, reaches $779 billion amid Trump borrowing spree
The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit ...
Accused Russian agent Maria Butina met in 2015 with U.S. Treasury, Fed officials
Accused Russian agent Maria Butina had wider high-level contacts in Washington than previously known, taking part in 2015 meetings between a visiting Russian official and two senior officials at the U.S. Federal Reserve and Treasury Department. The meetings, revealed by several people familiar with the ...
Holders of U.S. Treasuries can breathe a sigh of relief as Japan's spotlight turns to France. Japanese investors offloaded a record amount of French sovereign debt in February while their selling of U.S. bonds slowed, according to data from the Finance Ministry and the Bank ...
Fed probe into Manafort extends to cash transfers in Russia money laundering-linked Cyprus
The U.S. government investigation of President Donald Trump's former campaign chairman, Paul Manafort, crossed the Atlantic earlier this year to the Mediterranean island nation of Cyprus, once known as a haven for money laundering by Russian billionaires. Treasury agents in recent months obtained information connected ...
Senator asks Treasury to probe Trump foreign associates, Russia ties
A senior Senate Democrat is asking the U.S. Treasury Department to evaluate whether President Donald Trump and his family's business associates and possible investors from Russia and other countries have violated U.S. laws against financing terrorism, money laundering and other illicit activities. Trump's refusal to ...
Japan eclipses China as the largest holder of U.S. Treasury debt, with a total of $1.1319 trillion in October.
Wall Street veteran Steven Mnunchin seen as Trump's pick for Treasury secretary
President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall Street veteran in the top U.S. economic Cabinet post for the first time in ...
Japan overtook China in February as the top foreign holder of U.S. Treasury securities, a position Tokyo last held in August 2008. In its monthly report on bond holdings, the Treasury Department said Wednesday total foreign holdings of Treasury debt dipped 0.9 percent in February ...
