The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
Tag: Treasury Department
Bond Market is Upended by Trump’s Tariffs
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
Senators Denounce Trump Administration’s Response to Myanmar Quake
Democratic senators said in a letter that the administration was failing its first test of humanitarian aid as China and Russia send teams to help.
Bessent to Skip G20 Finance Ministers Meeting in South Africa
The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.
Trump’s Executive Order to End E.V. Subsidies Draws Pushback
Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.
U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader
A force fighting Sudan’s army in a brutal civil war committed massacres and rape that amount to genocide, the Secretary of State said, two decades after a finding of genocide in the same region.
Treasury Dept. Hits Chinese Tech Company With Sanctions After Breach
The agency imposed penalties on a company it blamed for supporting the Chinese hacking group Flax Typhoon in a 2022-23 infiltration.
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.
China Hacked Treasury Dept. in ‘Major’ Breach, U.S. Says
The episode comes at a particularly sensitive moment, just as the Biden White House is dealing with one of the most far-reaching, and damaging, hacks into American infrastructure in the cyberage.
Biden Announces $2.5 Billion in Security Aid to Ukraine
The Treasury Department also released an additional $3.4 billion in budget aid as the Biden administration rushes assistance to Kyiv in its final weeks in office.