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31 Mar 23
Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
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24 Jan 23
The restructuring of the Zambian government’s debt is key to progressing welfare and education reforms, and ensuring financial sustainability, senior finance figures have said.
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24 Jan 23
The US Treasury has renewed pledges to reform how it collects taxes and ensure the Inland Revenue Service can recover billions of dollars of unpaid taxes.
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17 Jan 23
The US Congress not raising the country’s debt ceiling could lead to “irreparable harm” to the US and the world economy if the government ended up defaulting, Treasury secretary Janet Yellen said.
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9 Sep 22
Janet Yellen has stood by plans to correct a “two-tiered tax system” in the nation by taxing large companies and higher earners more, to fund new spending.
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19 May 22
The Ukrainian government will require significant financial support in the coming months to close budget gaps and maintain services, US Treasury secretary Janet Yellen has said during a visit to...
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10 Mar 22
US president Joe Biden has given the green light for the nation to assess the benefits and risk of adopting a central bank digital currency.
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11 Jan 22
More than 15 Democrats Congress members have urged Treasury secretary Janet Yellen to vote in favour of abolishing the International Monetary Fund’s high fees for long-term debtors , amid fears it...
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15 Dec 21
The US Congress has voted to raise the government’s debt ceiling, just hours before the country risked defaulting on its obligations.
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29 Sep 21
The US could default on its borrowing for the first time in its history as soon as next month, unless its statutory debt limit is lifted, according to Treasury secretary Janet Yellen.
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9 Sep 21
US treasury secretary Janet Yellen has warned Congress the government could run out of cash in the next few weeks, urging lawmakers to raise the debt ceiling so she can borrow again.
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10 Aug 21
The budget unveiled by Democrats in the US Senate contains $3.5trn of spending but fails to address the controversial issue of the government’s debt limit.
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3 Aug 21
Treasury secretary Janet Yellen has begun steps to prevent the US federal government borrowing above its legal limit, which came back into force on Sunday after a two-year suspension.
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26 Jul 21
Treasury Secretary Janet Yellen has confirmed that debt limits will be reimposed on US local government next month, to prevent a historic default on repayments following Covid-19.
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14 Jul 21
US treasury secretary Janet Yellen has said she will use extraordinary measures to manage the Treasury’s cash if Congress does not raise the debt limit by the end of July.
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7 Apr 21
A worldwide agreement on taxing multinational companies appears closer after the US signalled its support for a minimum global rate of corporation tax, European finance ministers have said.
31 Mar 23Staff cuts under former president Donald Trump’s leadership have hurt the US Treasury’s ability to oversee financial markets and the banking sector, the department’s top official has said.
24 Jan 23The restructuring of the Zambian government’s debt is key to progressing welfare and education reforms, and ensuring financial sustainability, senior finance figures have said.
10 Mar 22US president Joe Biden has given the green light for the nation to assess the benefits and risk of adopting a central bank digital currency.
15 Dec 21The US Congress has voted to raise the government’s debt ceiling, just hours before the country risked defaulting on its obligations.
10 Aug 21The budget unveiled by Democrats in the US Senate contains $3.5trn of spending but fails to address the controversial issue of the government’s debt limit.
7 Apr 21A worldwide agreement on taxing multinational companies appears closer after the US signalled its support for a minimum global rate of corporation tax, European finance ministers have said.
