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Congressional Budget Office says inflation to last into 2023

WASHINGTON (AP) — The Congressional Budget Office released an economic outlook Wednesday saying high inflation will persist into next year, likely causing the federal government to pay higher interest...

US to end Russia's ability to pay international investors

WASHINGTON (AP) — The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time sinc...

Yellen's global tax plan meets resistance abroad and at home

KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen celebrated a “historic day” last summer when more than 100 nations agreed to a global minimum tax deal, aimed at putting the world's count...

Yellen: Ukraine war fallout threatens 'stagflation,' hunger

BONN, Germany (AP) — Treasury Secretary Janet Yellen warned Wednesday that Russia's February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowd...

Yellen meets war refugees in Poland, pushes food crisis plan

WARSAW, Poland (AP) — U.S. Treasury Secretary Janet Yellen on Monday met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance mi...

Treasury: Russia war bolsters need to combat illicit finance

WASHINGTON (AP) — The Treasury Department laid out recommendations Friday for tightening laws to guard against money laundering and illicit threats to the U.S. financial system, citing the conduct of ...

Crypto meltdown prompts Yellen to call for new regulation

WASHINGTON (AP) — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to th...

Crypto comes to Washington. Will the millions buy influence?

WASHINGTON (AP) — Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race. ...

Crypto comes to Washington. Will the millions buy influence?

WASHINGTON (AP) — Erin Houchin braced for the worst when a mysterious group started buying television ads last month in her highly competitive southern Indiana congressional race. Ho...

Yellen trip to Capitol detours into tense abortion debate

WASHINGTON (AP) — Treasury Secretary Janet Yellen's appearance before a Senate committee took an unexpected and tense detour into the abortion debate Tuesday when senators questioned her about the pot...

US sanctions alleged IS child trafficking financiers

WASHINGTON (AP) — The U.S. announced Monday that it is sanctioning five people accused of fundraising for the Islamic State group and using the funds to help traffic children to serve as fighters for ...

Liam and Olivia once again dominate top baby names list

WASHINGTON (AP) — Olivia and Liam are once again America’s most common baby names. And Theodore joins the top 10 baby names list for the first time. The Social Security Administratio...

U.S. sanctions North Korean cryptocurrency mixing firm

WASHINGTON (AP) — The U.S. announced Friday it is sanctioning North Korean digital currency mixing firm Blender.io, which the country allegedly uses to launder stolen virtual currency and support cybe...

Biden showcases deficit progress in bid to counter critics

WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government's red ink will grow less than expected this year and the national debt will shrink this quarter as he ...

Most Americans could file their taxes for free, but don't

WASHINGTON (AP) — A new government watchdog report finds that while most Americans are eligible to file their taxes for free, only a fraction use the services provided through the government. ...