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Treasury Department

COVID-19

Lapse in Fed lending programs could cost companies hurt by COVID

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Nov 23, 2020
Companies hurt by the pandemic could end up paying investors a full percentage point more in interest to buy their bonds.
Treasury Secretary Steven Mnuchin and Chairman of the Federal Reserve Jerome Powell testify during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Sept. 24, 2020, in Washington.
Drew Angerer/Pool/AFP via Getty Images
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COVID-19

Mnuchin moves to cut off Fed pandemic emergency lending program

by David Brancaccio , Meredith Garretson , Erika Soderstrom and Alex Schroeder
Nov 20, 2020
Economist Karen Petrou says the Fed programs have fallen short, but that the Fed needs some facilities in the face of inaction from Congress.
Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testify during a Senate Banking Committee hearing on Capitol Hill on Sept. 24, 2020 in Washington.
Drew Angerer/Getty Images
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COVID-19

Mnuchin rejects renewal of some Fed emergency loan programs

by Associated Press
Nov 19, 2020
Mnuchin said that he is requesting that the Fed return to Treasury the unused funds appropriated by Congress for operation of the programs.
GREG BAKER/AFP/Getty Images
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Treasury report on paying for long-term care offers few solutions for families

by David Brancaccio , Chris Farrell , Meredith Garretson and Daniel Shin
Sep 23, 2020
It only calls for modest tweaks to the private long-term care insurance market.
About half of Americans turning 65 these days will need some kind of long-term care and support services before they die.
Karen Ducey/Getty Images
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COVID-19

Some people still have not received the first COVID-19 relief check. Here's why.

by Sabri Ben-Achour , Rose Conlon and Alex Schroeder
Jul 20, 2020
A new study by the Brookings Institution found racial disparities in whose checks were delayed.
One way to make sure more people get their payments if their is a second round is to consider prepaid debit cards instead of Treasury checks.
Chip Somodevilla/Getty Images
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COVID-19

Who got PPP loans? Trump administration releases the data.

by Sabri Ben-Achour , Nova Safo and Alex Schroeder
Jul 7, 2020
It's clear the loans went to some enterprises that are once again prompting questions about who really needed the government aid.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Kameleon007 via Getty Images
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COVID-19

Still waiting for your stimulus money? The deadline for direct deposit information is Wednesday.

by Meghan McCarty Carino
May 12, 2020
About 20 million Americans are still waiting.
Some paper checks have already gone out, the IRS says, but others could take until June or July.
Chip Somodevilla/Getty Images
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COVID-19

What you need to do to get your COVID-19 stimulus check

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Mar 31, 2020
If you got a tax refund or paid the IRS by paper check last year, you'll need to get your bank details in to the agency.
If the IRS has your direct deposit details, you don’t need to do anything.
Spencer Platt/Getty Images
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What's the appeal of the "century bond"?

by Tracey Samuelson
Aug 29, 2019
Investors would sign up to loan the U.S. government money for 50 or even 100 years.
William Thomas Cain/Getty Images
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Despite a strong economy, the federal deficit continues to grow

by Ben Bradford
Jun 13, 2019
This is despite a revenue boost from President Trump’s tariffs on imports.
An October 18, 2018 photo shows the seal of the US Treasury in Washington, DC.
MANDEL NGAN/AFP/Getty Images
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