US Treasury - updates

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Delta, United join U.S. carriers in receiving Treasury loans

Jul 07, 2020 - 11:35 PM

Delta Air Lines, United Airlines, Alaska Airlines, JetBlue Airways, and Southwest Airlines are the latest carriers to sign letters of intent for US government loans

DELTA AIR LINES. A Delta plane takes off. Photo from Delta website

U.S. Treasury agrees on loan terms with 5 airlines

Jul 03, 2020 - 11:00 AM

The United States Treasury says American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines agreed to the government's terms

Image from American Airlines website

U.S. sent coronavirus stimulus checks to 1 million dead people

Jun 26, 2020 - 12:45 AM

The Government Accountability Office says economic impact payments totaling $1.4 billion were sent to dead people in the United States

SLOW RECOVERY. A sign in front of an investment business in Chesterton, Indiana, urges residents to stay at home, May 13, 2020. Photo by Scott Olson/Getty Images/AFP

U.S. Treasury to borrow record $2.999 trillion in Q2 2020

May 05, 2020 - 8:00 AM

The United States Treasury says the spike in borrowing is 'primarily driven by the impact of the COVID-19 outbreak'

U.S. TREASURY. The Treasury Department in Washington, DC. Photo from Shutterstock

U.S. Treasury sends first airline aid payments

Apr 21, 2020 - 12:00 PM

The United States Treasury sends a total of $2.9 billion to 'two major airlines and 54 smaller passenger air carriers'

BADLY HIT SECTOR. An American Airlines plane is seen from a terminal of Reagan National Airport in Arlington, Virginia, on March 17, 2020. Photo by Mandel Ngan/AFP

U.S. Treasury, airlines reach deal on financial aid

Apr 15, 2020 - 10:00 AM

The United States Treasury comes to terms with 10 airlines, including the 4 largest – Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines

VIRUS IMPACT. A Delta Air Lines plane. Photo from Shutterstock

U.S. penalizes shipping firms said to help N.Korea circumvent U.N. sanctions

Aug 30, 2019 - 10:55 PM

The US Treasury says the companies are helping North Korea with 'illicit ship-to-ship transfers to circumvent United Nations sanctions that restrict the import of petroleum products'

PENALTIES. The US Treasury Department building is seen in Washington, DC, on July 22, 2019. File photo by Alastair Pike/AFP

Filipino, 2 others in ISIS beheading video blacklisted by U.S.

Aug 26, 2018 - 10:52 AM

A US Treasury official says the June 2016 video was 'part of a propaganda campaign to attract radicals to join militant terrorist groups in Southeast Asia'

 ISIS VIDEO. An Indonesian, Filipino, and Malaysian behead 3 Caucasians and call Muslims to fight the jihad in Syria and the Philippines (screenshot)

G20 'consensus' that protectionism damaging for global economy

Apr 22, 2017 - 6:23 PM

It is still unclear how far the renewed consensus extended

PROTECTIONISM? US Secretary of the Treasury Steven Mnuchin (R) waves as he and other participants in the G20 Finance Ministers and Central Bank Governors Meeting pose for the Family photo in Baden-Baden, southern Germany, on March 17, 2017. Photo by Thomas Kienzle/AFP

Trump gets his secretary of state but other fights loom

Feb 02, 2017 - 12:06 AM

UPDATED Battles loom on Capitol Hill over other key nominees including education secretary designate Betsy DeVos and Supreme Court pick Neil Gorsuch

Former ExxonMobil executive Rex Tillerson testifies during his confirmation hearing for Secretary of State before the Senate Foreign Relations Committee on Capitol Hill in Washington, DC, January 11, 2017. Saul Loeb/AFP

Obama to press China on steel at G20, Lew says

Sep 01, 2016 - 5:30 PM

US Treasury Secretary Jacob Lew: Excess capacity distorts markets and the environment harms our workers and runs counter to our efforts to achieve strong sustainable and balanced growth

WASHINGTON, DC - AUGUST 31: Treasury Secretary Jack Lew speaks about his upcoming trip to China, at the Brookings Institute, on August 31, 2016 in Washington, DC. Secretary Lew will be traveling to later today to Hangzhou, China to attend the G20 Summit. Mark Wilson/Getty Images/AFP

US' Lew raps China on excess steel production

Jun 06, 2016 - 10:00 PM

US Treasury Secretary Jacob Lew speaking at the US China Strategic and Economic Dialogue in Beijing calls for policies to reduce China s steel output

US Secretary of Treasury Jacob Lew speaks during the opening session of the US - China Strategic and Economic Dialogues at Diaoyutai State Guesthouse in Beijing on June 6, 2016. President Xi Jinping said China and the US needed to trust each other more as both sides sought to minimise tensions over the South China Sea at the opening Monday of key annual talks in Beijing. / AFP PHOTO / POOL / SAUL LOEB

US Treasury seeks Congress action on Puerto Rico crisis

May 03, 2016 - 8:21 AM

US Treasury Secretary Jacob Lew pressed lawmakers Monday May 2 to work fast to enable Puerto Rico to restructure its massive debt

Puerto Rican governor Alejandro Garcia Padilla delivers a statement in San Juan, Puerto Rico, May 2, 2016. Thais Llorca/EPA

Brexit will hurt world economy – US Treasury chief

Mar 30, 2016 - 3:50 PM

Jacob Lew warns there would be far reaching repercussions if Britain exits the European Union

epa05188151 US Treasury Secretary Jacob Lew speaks to members of the media in the Consulate General of the United States in Hong Kong, China, 01 March 2016. Lew is on an official visit to Hong Kong. EPA/JEROME FAVRE

Iran says fresh US sanctions have deepened mistrust

Aug 30, 2014 - 9:51 PM

The US Treasury announces dozens of measures targeting Iranian individuals and entities including shipping and oil companies banks and airlines

MISTRUST. Iran's President Hassan Rouhani says new US sanctions imposed on organizations linked to Tehran's nuclear program 'further deepened' mistrust that exists between the long-time foes. File photo by Sabawoon/EPA

US Treasury secretary to visit China

May 08, 2014 - 11:30 PM

US Treasury Secretary Jacob Lew will travel to China on May 11 13 for talks on the economic outlook for the world and the two superpowers

Congress pulls US back from brink, averts default

Oct 17, 2013 - 7:06 AM

UPDATED The US Congress approves a measure that should end the US government shutdown and averts a potentially catastrophic default

DEADLINE LOOMING. A view of Capitol Hill October 16, 2013 in Washington, DC. US senators scrambled together an eleventh hour compromise Wednesday that they hoped might protect Washington's battered financial standing by heading off fears of a default. AFP/Brendan Smialowski

US Senate leader confirms deal to end fiscal impasse

Oct 16, 2013 - 11:41 PM

2nd UPDATE Senator Mitch McConnel the top Republican confirmed the agreement which would reopen the federal government with a temporary budget until January 15 It has to be approved by both the Senate and the Republican controlled House

DEAL STRUCK. US Senate leaders have struck a deal to end the debt ceiling impasse. Pictured above is the US Capitol in Washington, DC, on January 2, 2013. Photo by AFP / Saul Loeb

Senate in spotlight as US on brink of possible default

Oct 16, 2013 - 10:33 PM

I think right now it s going to be the Senate because last night it fell apart in the House Republican Senator Kelly Ayotte told CNN warning it would be unacceptable to miss the midnight deadline

DEBT DEFAULT LOOMING. The US is facing a debt default as politicians bicker over the federal budget. Pictured above is the dome of the US Capitol in Washington, DC, USA, 03 October 2013. Photo by EPA/Shawn Thew

What happens during a US government shutdown?

Oct 01, 2013 - 12:35 PM

UPDATED Here is a snapshot of what is likely to occur in the event the US Congress cannot agree on a federal spending bill by October 1

HEADING FOR A SHUTDOWN. A view of a hall on Capitol Hill September 29, 2013 in Washington, DC. AFP/Brendan Smialowski

Do or die: US faces government shutdown

Sep 30, 2013 - 12:43 PM

A deal appears remote as US congressional leaders show little intent to compromise

BUDGET BATTLEGROUND. The US House of Representatives voted September 29, 2013 to fund the government, but delays the implementation of the Affordable Care Act by a year. The US Capitol building is seen reflected in the Capitol Reflection Pool after sunset in Washington DC, USA, 28 September 2013. EPA/Michael Reynolds

US House OKs budget bill delaying Obamacare; gov't shutdown likely

Sep 29, 2013 - 1:16 PM

UPDATED The bill assures a stalemate with the Senate and brings the US federal government dramatically closer to its first shutdown in 17 years

BUDGET BATTLEGROUND. The US House of Representatives voted September 29, 2013 to fund the government, but delays the implementation of the Affordable Care Act by a year. The US Capitol building is seen reflected in the Capitol Reflection Pool after sunset in Washington DC, USA, 28 September 2013. EPA/Michael Reynolds

US shutdown likely as House Republicans amend budget bill

Sep 29, 2013 - 6:41 AM

The US House votes on a Republican plan that keeps government open through mid December while delaying implementation of President Barack Obama s health care law

BUDGET BATTLE. The United States government faces a potential shutdown as leaders continue to debate on the budget. This file photo dated December 18, 2011 shows the US Capitol in Washington, DC. AFP / Karen Bleier / Files

Avoiding US gov't shutdown likely means bigger debt fight

Sep 26, 2013 - 12:33 PM

Lawmakers were to mull options for keeping agencies open while potentially postponing a battle over President Barack Obama s health care law

BUDGET BATTLE. The United States government faces a potential shutdown as leaders continue to debate on the budget. This file photo dated December 18, 2011 shows the US Capitol in Washington, DC. AFP / Karen Bleier / Files

Beyonce, Jay-Z's Cuba trip was legal - US Treasury

Apr 10, 2013 - 1:37 PM

Beyonce and Jay Z s controversial trip to Cuba was part of a cultural exchange and did not violate the economic embargo imposed on the island by the United States

5TH WEDDING ANNIVERSARY. Beyonce and Jay-Z visited a heritage site and dined in a top restaurant in Havana. Photo from the Beyonce and Jay-Z Community Facebook page

Departing Geithner leaves revived but debt-laden economy

Jan 26, 2013 - 7:25 AM

Timothy Geithner left the US Treasury on January 25 knowing the world s largest economy in freefall when he took office 4 years ago has turned around and returned to the path of growth

LEAVING. Tim Geithner leaves the US Treasury after serving 4 years under the Obama administration. Photo by AFP