Despite the Federal Reserve's 2024 interest rate cuts, borrowing costs remain stubbornly high — reflecting a growing ...

There is no evidence Bessent made the X post attributed to him. The account shown has been suspended, and no credible news reports support the claim.

International Criminal Court Prosecutor Karim Khan is the first person to be hit with economic and travel sanctions ...

Marko Elez was on the DOGE team formed by Elon Musk and tasked by President Donald Trump with cutting federal spending and ...

The move follows the ousting of a career official who rebuffed attempts to use the payment system to stop federal spending.

The U.S. Treasury's payment system won't be touched by Elon Musk's government efficiency team, Treasury Secretary Scott ...

U.S. Sen. Elizabeth Warren demanded answers following reports that billionaire Elon Musk took access to the nation's finance ...

President Donald Trump on Monday designated Treasury Secretary Scott Bessent with additional duties as acting director of the ...

Officials for the agency were notified of the planned cuts on the same day they learned that about 800 awards and contracts ...

The DOJ agreed to a proposed order that would largely block the Treasury Department from sharing sensitive financial data ...

The department said that no payments would be interrupted and that it was conducting a review of the integrity of the system.