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March 31, 2023

U.S. Treasury Department

Article

NC to receive over $200M from American Rescue Plan to promote small businesses

August 4, 2022 North State Journal Staff

RALEIGH — The U.S. Department of the Treasury has announced the approval of North Carolina’s application for funding under the State Small Business Credit Initiative (SSBCI) for up to $201.9 million. The American Rescue Plan reauthorized […]

Article

Got a dime? Businesses seek Treasury help with coin shortage

April 1, 2022 Fatima Hussein, Associated Press

WASHINGTON, D.C. — Got a dime you can spare? Coins are in short supply — again. Retailers, laundromats and other businesses that rely on coins want Americans to empty their piggy banks and look under […]

Article

No currency manipulator labels from US, China on watch

December 10, 2021 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements […]

Article

Token of all tokens: Could a $1T coin fix the debt limit?

October 10, 2021 Calvin Woodard, Associated Press

WASHINGTON, D.C. — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and […]

Article

Yellen: Urgent action needed on debt limit, rejects $1T coin

October 6, 2021 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — U.S. Treasury Secretary Janet Yellen said Tuesday that Oct. 18 remains the date she is likely to run out of resources to stave off a default on the nation’s debt without congressional […]

Article

Treasury Department’s borrowing plans assume debt-limit deal

August 6, 2021 The Associated Press

WASHINGTON, D.C. — The Treasury Department has unveiled plans to borrow $673 billion in the current quarter while employing emergency measures to keep the government from an unprecedented default on the national debt. Treasury Secretary […]

Article

Yellen outlines to Congress emergency measures on debt limit

July 26, 2021 Martin Crutsinger and Alan Fram, Associated Press

WASHINGTON, D.C. — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a […]

Article

Dems hit McConnell, who says GOP won’t back debt limit boost

July 22, 2021 Alan Fram, Associated Press

WASHINGTON, D.C. — Senate Democrats accused Republicans Wednesday of a “shameless, cynical” ploy that would damage the economy and the government’s credit rating after the chamber’s GOP leader said his party would vote against raising […]

Article

Treasury secretary ignores requirement in COVID-19 law

July 7, 2021 North State Journal Staff

WASHINGTON, D.C. – Treasury Secretary Janet Yellen missed an April deadline to testify before the House and Senate Small Business Committees, even though she is required to do so under the coronavirus relief bill law […]

Article

Yellen: administration is watching inflation closely

July 1, 2021 Martin Crutsinger, Associated Press

WASHINGTON, D.C. — Treasury Secretary Janet Yellen assured Congress that the recent jump in inflation is being monitored very carefully by the Biden administration, but said again that any increase will prove temporary. Testifying about […]

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