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McConnell Says Democrats Have Obligation to Raise Debt Ceiling
Senate Minority Leader Mitch McConnell (R-Ky.) says it’s up to the Democrats in Congress to raise the debt ceiling because they hold the White House, the House and the Senate.
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Justice Dept. Orders Treasury to Send Trump Tax Returns to Congress
Legal counsel for the Justice Department released a memo on Friday instructing the Treasury Department to provide the House Ways and Means Committee with former President Donald Trump’s tax returns.
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Ex-Treasury Worker Sentenced to 6 Months in ‘Leak' Case
A former U.S. Treasury Department worker was sentenced to six months in prison Thursday for leaking confidential financial reports to a journalist at BuzzFeed.
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US Budget Deficit Jumps to Record $1.7 Trillion This Year Due to Rescue Packages
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year
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5 Things to Know About Janet Yellen
President-elect Joe Biden nominated former chair of the Federal Reserve, Janet Yellen, to be Secretary of the Treasury. Here are five things to know about Yellen.
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AP Explains: US Debt Will Soon Exceed Size of Entire Economy
The U.S. government’s war against the coronavirus is imposing the heaviest strain on the Treasury since America’s drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago
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IRS Cancels $1.4 Billion to Stimulus Checks Sent to Dead Americans
The Internal Revenue Service is canceling over 1.1 million coronavirus stimulus checks it sent to deceased Americans in April.
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Coronavirus Causes US Coin Shortage
Your spare change is in high demand right now: U.S. businesses are facing a nationwide coin shortage after the coronavirus pandemic has all but stopped cash transactions.