The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.
Secretary Jack Lew underwent surgery to treat a benign enlarged prostate.
Foreign buyers of U.S. Treasury securities increased their holdings to a record in December even though the two largest holders of U.S. government debt — China and Japan — reduced their shares.
Treasury Secretary Jacob Lew says the just-resolved budget fight was “a little bit scary” because it “got close to the edge,” and the lesson has to be that U.S. won’t be put in that position again.
Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security would plunge. The Treasury says the economy would slide into a recession worse than the last.
Under relentless pressure from their right wing, Republicans are in the midst of a risky fight with President Barack Obama they know they will lose, little more than a year before an election that history says they should win.
Married same-sex couples will be treated the same as opposite -sex couples for tax purposes, the Obama administration announced Thursday — whether they come out ahead or not.
The Treasury Department investigator whose probe of the Internal Revenue Service’s treatment of tea party groups helped fuel a national uproar failed to tell Congress that his own investigators found no evidence that the targeting of conservatives was politically motivated, a top House Democrat said Friday.
The Obama administration announced Tuesday that it will delay the Affordable Care Act’s mandate for employers to provide health insurance until 2015.
A House committee says a soon-to-be released Treasury Department report finds the Internal Revenue Service spent about $50 million to hold about 220 conferences for employees between 2010 and 2012.