Tag Archives: Treasury Department

United States Treasury has warned that the US government will be unlikely to meet payment obligations by early June if the debt ceiling is not raised. The date is earlier than the Treasury estimated in January, indicating that the United States financial situation is more precarious than previously thought. In …

The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon. “Given this uncertainty, the Treasury Department is not able to …

The Treasury Department announced on Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company. Under the unusual arrangement, the Treasury Department will provide the emergency loan to YRC Worldwide …