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U.S. Department of the Treasury

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Top U.S. Department of the Treasury Articles

Displaying items 111-121
  • China calls for dollar to be replaced as global reserve currency

    China calls for dollar to be replaced as global reserve currency
    WASHINGTON — Five years after the U.S. financial crisis helped cause a deep global recession, foreign leaders are worried that history is going to repeat itself. The fiscal impasse that has partially shut the federal government now threatens to...
  • House GOP readies new government shutdown, debt limit plan

    WASHINGTON -- House Republicans, moving to get ahead of a developing bipartisan proposal in the Senate, plan to move their own measure Tuesday to end the standoff over the federal budget. The House plan would include stronger measures targeting...
  • House budget offer crumbling, faces conservative opposition

    House budget offer crumbling, faces conservative opposition
    WASHINGTON – An attempt by House Republicans to put forward a new budget proposal was crumbling as soon as it emerged Tuesday, panned by party conservatives and attacked by the White House and congressional Democrats. House Speaker John A. Boehner...
  • Senate leaders put budget talks on hold as Boehner struggles in House

    Senate leaders put budget talks on hold as Boehner struggles in House
    WASHINGTON – Senate leaders abruptly put talks over a bipartisan budget plan on hold Tuesday to give embattled Speaker John A. Boehner an opportunity to put together a proposal that could pass the Republican-led House. Top Republicans portrayed...
  • Fitch puts U.S. credit rating on downgrade watch over debt fight

    Fitch puts U.S. credit rating on downgrade watch over debt fight
    WASHINGTON -- Fitch Ratings on Tuesday put the U.S. AAA credit rating on watch for a potential downgrade because of the standoff over raising the nation's debt limit. The company said it still believed the debt limit would be raised soon, but the...
  • House leaders' canceled budget plan vote is a loss for Boehner

    House leaders' canceled budget plan vote is a loss for Boehner
    WASHINGTON -- House leaders called off plans to vote on their new budget plan, after failing to get enough support from conservative rank-and-file members to pass the proposal. A meeting of the House Rules Committee, which must approve any legislation...
  • Can U.S. prioritize payments as default looms? Many are dubious

    Can U.S. prioritize payments as default looms? Many are dubious
    WASHINGTON — If the debt limit isn't raised by Thursday's deadline, the cash flow problems of the world's wealthiest nation could be boiled down to a simple mathematics equation: 10 is greater than 7. The Treasury Department spends an average of...
  • Political gridlock over U.S. debt not just America's problem

    World financial leaders have been warning for weeks that the U.S. congressional gridlock over funding the government and raising the debt ceiling are imperiling economies worldwide and undermining confidence in the U.S. dollar. Even the news Wednesday...
  • Congress approves deal on shutdown, debt

    Congress approves deal on shutdown, debt
    A bipartisan deal to reopen the government and extend the nation's $16.7 trillion debt ceiling into early next year won overwhelming support in Congress late Wednesday, allowing tens of thousands of federal employees in Maryland to return to work starting...
  • Senate votes overwhelmingly to end shutdown, debt limit debate

    Senate votes overwhelmingly to end shutdown, debt limit debate
    WASHINGTON -- By an overwhelming vote, the Senate passed a budget compromise Wednesday night that would temporarily reopen federal agencies and allow the Treasury to continue borrowing to pay the nation’s bills, averting the possibility of a default...
  • Toomey votes no on shutdown/debt ceiling deal

    Toomey votes no on shutdown/debt ceiling deal
    Sen. Pat Toomey was among 18 senators to vote against a deal Wednesday night to reopen the federal government and raise the debt ceiling. The Pennsylvania Republican joined the Senate’s most conservative lawmakers in their opposition to a last-...