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U.S. Treasury Department

The national debt is soaring. Social Security will be underfunded in less than a decade. CBO gave Congress several options and time is running out.

Raise taxes? Cut spending? Social Security? ‘Something has to be done’

Watch 15:26
Nov 20
The cost of electric vehicles has been a "leading deterrent" for U.S. consumers, a problem the White House is trying to fix with a new policy.

EV tax credits set to become available for consumers at time of purchase

Watch 1:41
Oct 6
The U.S. is barreling toward a government shutdown. And you might be thinking, didn't we just deal with a spending crisis a few months back?

What’s the difference between a government shutdown and debt default?

Watch 1:18
Sep 21
The U.S. government deficit is expected to double to $2 trillion for fiscal year 2023. It's an increase driven by interest rates and spending.

US deficit is projected to roughly double this year, watchdog says

Watch 2:53
Sep 5
Yellow Corp., which has been in business for nearly a century, halted operations and will lay off all 30,000 of its workers.

99-year-old trucking company Yellow shuts down, lays off 30,000

Watch 2:32
Jul 31
Amid Treasury Secretary Janet Yellen's trip to China, here's how U.S.-China tensions are affecting business in this week's Five For Friday.

Janet Yellen in China as countries clash over trade, chips and espionage

Watch 2:56
Jul 7
A mass shooting at a holiday celebration in Baltimore left two young people dead and another 28 people shot and injured.

Baltimore police search for suspects after 30 shot in mass shooting: July 3 rundown
The GOP plan to fund aid to Israel by cutting the IRS budget could add billions to the deficit, according to the Congressional Budget Office.

IRS agent admitted to using fake name to access taxpayer’s home

Watch 2:31
Jun 26
McCarthy didn't get steep spending cuts. President Biden didn't get a clean debt ceiling hike. Here's why both still won, according to a GOP economist.

Who wins debt ceiling deal, Biden or McCarthy? Fmr. Trump adviser says both

Watch 8:43
Jun 1
Fitch Ratings turned negative on the U.S.'s AAA credit rating as it gets closer to debt default. Here's how a credit downgrade played out in 2011.

US risks credit downgrade ahead of debt default. Here’s what happened last time.

Watch 2:20
May 25