Latest U.S. Department of the Treasury News
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
WASHINGTON (AP) — With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt. It was a decidedly low-key denouement to a monthslong drama that unnerved...
Biden celebrates a 'crisis averted’ in Oval Office address on bipartisan debt ceiling deal
WASHINGTON (AP) — President Joe Biden celebrated a “crisis averted" in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he said would have been catastrophic for the...
CIA Director William Burns met Chinese leaders in Beijing as Washington tries to thaw tensions
WASHINGTON (AP) — CIA Director William Burns went to Beijing in May to meet with Chinese counterparts, a U.S. official said Friday, in what is the highest level visit by a Biden administration official since a suspected Chinese spy balloon was shot down by American forces. Burns'...
Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden
WASHINGTON (AP) — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline. ...
White House imposing sanctions as Sudan's warring sides fail to abide by cease-fire deal
WASHINGTON (AP) — The White House announced Thursday that it will impose sanctions against key defense companies and people who "perpetuate violence" in Sudan as the warring sides failed to abide by a cease-fire agreement in the northeastern African nation. New visa restrictions...
US sanctions Iranians over alleged plots to kill John Bolton and others around the world
WASHINGTON (AP) — The U.S. imposed sanctions Thursday on an Iranian Revolutionary Guard official and others it says took part in wide-ranging plots to kill former national security adviser John Bolton and others around the world, including at least one additional U.S. government official. ...
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
TOKYO (AP) — Asian benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis. But the enthusiasm was muted by worries about the Chinese economy after disappointing recent data...
House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate
WASHINGTON (AP) — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and...
Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval
WASHINGTON (AP) — Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default. ...
Here's what's in, what's out of the debt limit bill to avert US default
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy have been working the phones in an intense push to sell Congress on the 99-page bill that would suspend the nation's debt limit through 2025 to avoid a federal default while limiting government spending. The...
