FATIMA HUSSEIN

Yellen says Treasury will use ‘extraordinary measures’ on Jan. 21 to prevent hitting debt ceiling

In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, on January 21, in a letter sent to congressional leaders Friday afternoon.

IRS Commissioner Daniel Werfel says he’ll step down on Trump’s Inauguration Day

IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration Day.

Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel

U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut.

Canadian minister warns that Americans will experience economic pain from Trump tariffs

Canada’s energy minister came to Washington this week to warn U.S. lawmakers that President-elect Donald Trump’s threatened tariffs would inflict economic pain on Americans, with higher prices and job losses.

US recovers $31 million in federal payments to dead people

Ever since the U.S. Social Security Administration opened its books to the Department of the Treasury’s Bureau of Fiscal Service, it has been able to stop and recover more than $31 million in improper federal payments to dead people.

Trump says he will create an ‘External Revenue Service’ agency to collect tariff income

President-elect Donald Trump says he plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. He posted on his social media site that the U.S.

Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows

At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House is the plan to renew some $4 trillion in expiring tax cuts. The U.S.

IRS has improved taxpayer services but is slow to resolve ID theft, an independent watchdog says

An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats’ Inflation Reduction Act but still faces delays processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identity theft cases.

US sanctions top Hungarian official for alleged corruption while in office

A senior Hungarian government official close to Prime Minister Viktor Orbán was on Tuesday hit with U.S. sanctions for his alleged involvement in corruption in Hungary.

US eases restrictions on Syria while keeping sanctions in place

The U.S. on Monday eased some restrictions on Syria’s transitional government after Islamist insurgents ousted Syrian leader Bashar Assad. U.S.

Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel.

As he prepares to leave office, Biden urges incoming Democratic lawmakers to reach across the aisle

President Joe Biden is calling on incoming Democratic lawmakers to always be mindful of other people’s perspectives — even when they may be wrong.

Higher Social Security payments coming for millions of people from bill that Biden signed

President Joe Biden has signed into law a measure that boosts Social Security payments for current and former public employees.

Hillary Clinton, George Soros and Denzel Washington received the highest US civilian honor

Former Secretary of State Hillary Clinton, Democratic philanthropist George Soros and actor-director Denzel Washington were awarded the nation’s highest civilian honor.

US sanctions Beijing-based cyber group for its alleged role in hacking incidents

U.S. Treasury on Friday sanctioned a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical U.S. infrastructure.

Biden will visit New Orleans on Monday in the wake of the deadly Bourbon Street attack

President Joe Biden will visit New Orleans next week, with the city still reeling from the deadly New Year’s rampage in which an Army veteran plowed a truck into revelers.

Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel. This affirms his earlier vow to block the acquisition.

Janet Yellen tells Congress US could hit debt limit in mid-January

Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressional leaders Friday afternoon.

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.

Secret Service agent fired at suspects outside of Janet Yellen’s house in Washington DC

An investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellen’s house fired a weapon following a confrontation with the occupants of a sedan.

Trump names Massad Boulos, campaign liaison and family relative, as a senior adviser on Middle East

Donald Trump says Massad Boulos, a Lebanese American businessman who is the father-in-law of Trump’s daughter Tiffany, will be a senior adviser on Arab and Middle Eastern affairs.

Wisconsin Democratic leader Ben Wikler enters the race to lead the national party

Ben Wikler, chair of the Democratic Party in Wisconsin, says he’s joined the race to lead the national party after an election that swept Donald Trump and Republicans to power in Washington.

Trump wants pardoned real estate developer Charles Kushner to become US ambassador to France

President-elect Donald Trump has named pardoned real estate developer Charles Kushner, father of Trump’s son-in-law Jared Kushner, as his intended nominee for ambassador to France.

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.

Canada’s Trudeau returns home after Trump meeting without assurances that tariffs are off the table

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner.

Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat

Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products.

Democratic lawmakers from Connecticut report Thanksgiving bomb threats against their homes

Six Democratic members of Congress from Connecticut have been targeted by bomb threats on their homes. Sen. Chris Murphy and all five House members — Reps.

Trump claims a win on immigration after a call with Mexico’s president. But she suggests no change

President-elect Donald Trump is declaring a win on stopping illegal immigration through Mexico after talking with that country’s leader.

Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia

President-elect Donald Trump has chosen Keith Kellogg, a highly decorated retired three-star general, to serve as his special envoy for Ukraine and Russia.

Trump fills out his economic team with two veterans of his first administration

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team.