States and cities are being given broad discretion on how they can use the money, which is intended to replace public sector revenue, provide extra pay for essential workers, and […]
The Biden administration will begin disbursing $350 billion in state and local aid this month.
By Alan Rappeport The Biden administration will begin deploying $350 billion in aid to state and local governments this month, a significant step in its effort to shore up segments […]
U.S. Treasury names green financier to climate 'czar' post, disappointing activists
WASHINGTON (Reuters) -The U.S. Treasury on Monday named climate change financial adviser John Morton to head the department’s new “climate hub,” disappointing activists who had sought a strong regulator to […]
Yellen says global minimum tax needed, too soon to declare victory over pandemic
(Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate to end a “30-year race […]
Explainer: U.S. Treasury's cash drawdown – and why markets care
LONDON (Reuters) – The U.S. Treasury is due to run down a $1.6 trillion bank account at the Federal Reserve as government spending ramps up in the months ahead – […]
China may dump U.S. Treasuries as Sino-U.S. tensions flare: Global Times
SHANGHAI (Reuters) – China may gradually cut its holdings of U.S. Treasury bonds and notes, in light of rising tensions between Beijing and Washington, state-backed newspaper Global Times cited experts […]