united states department of the treasury

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Congress, Treasury secretary and borrowing limit

Treasury secretary calls on Congress to raise or suspend the debt ceiling by mid-July

WASHINGTON (AP) — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He is calling on Congress to either raise or suspend the debt ceiling by mid-July.

Reuters on MSN · 8h

US Treasury secretary urges Congress to raise debt limit by mid-July

U.S. Treasury Secretary Scott Bessent on Friday urged Congress to raise the federal government's debt limit by mid-July to avoid a default that would upend global markets.

Tuko on MSN · 7h

US projected to hit debt limit in August: Treasury chief

There is a "reasonable probability" the United States will hit its borrowing limit in August when Congress is in recess, Treasury Secretary Scott Bessent said Friday, calling on lawmakers to act.

The US has its first trade deal

USA TODAY on MSN · 1d

The Daily Money: The US has its first trade deal

This is Betty Lin-Fisher with today's edition of The Daily Money. President Donald Trump has announced a trade deal with the United Kingdom. It is the first trade pact since he paused reciprocal tariffs and began negotiating with countries to lower trade barriers.

The Washington Post · 1d

The Latest: US and UK expected to announce a trade deal

The United States and Britain are expected to announce a trade deal Thursday that will lower the burden of President Donald Trump’s sweeping tariffs and deliver a political victory for U.K. Prime Mini

Reuters · 8h

Trump says US will maintain 10% tariffs even after trade deals

President Donald Trump said on Friday that the U.S. will maintain a baseline 10% tariff on imports even after trade deals are struck, adding there could be exemptions when countries offer significant trade terms.

13h

US Treasury Says Trump to Nominate McKernan for Undersecretary Role

U.S. President Donald Trump intends to nominate Jonathan McKernan to serve as the undersecretary of domestic finance at the U ...

9hon MSN

Trump to shift consumer watchdog pick to senior Treasury role

U.S. President Donald Trump's pick to lead the Consumer Financial Protection Bureau, Jonathan McKernan, has instead been ...

1don MSN

Treasury Department plans speed up process for foreign investments in US

The U.S. Department of Treasury will start a fast-track process, including creating a database of foreign investors, to ...

8hon MSN

Trump to Tap McKernan for Domestic Finance Role at Treasury

President Donald Trump intends to nominate attorney Jonathan McKernan as the Treasury Department’s head of domestic finance, a surprise move given he was previously tapped to run the Consumer ...

10hon MSN

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

Democrats in the US Senate have reportedly sent a letter calling on the US Attorney General and Treasury Secretary to look into the Trumps' connections to Binance.

Upstream Online21h

US sanctions Chinese refinery and ports in crackdown on Iranian oil trade

Sanctions signal growing US resolve to choke off Iran’s oil revenue and exposes key nodes of Chinese involvement in ...

CBO Chief Still Sees US Treasury ‘X-Date’ Coming Late Summer

The head of the nonpartisan Congressional Budget Office said the US Treasury Department can likely keep paying the government ...

1don MSN

Treasury sanctions Chinese refinery, 3 port companies for buying, delivering Iranian oil

The Treasury Department sanctioned a Chinese refinery and three port operators for dealing with Iranian oil in violation of U.S. policy.

2don MSN

Treasury's Bessent says US should be 'premier destination' for digital assets

Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks ...

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