David Lawder

Five former U.S. Treasury secretaries - four Democrats and one Republican -- on Wednesday voiced support for a proposed $430 billion drugs, energy and tax bill, saying that it would reduce costs for middle-class families.

A corporate minimum tax proposed this week in a congressional spending bill would not bring the United States into compliance with a separately negotiated 137-country deal for a global minimum tax.

The U.S. economy's contraction for a second consecutive quarter will make it more difficult for Treasury Secretary Janet Yellen to portray an image of economic health at a news conference later on Thursday.

U.S. Treasury Secretary Janet Yellen said on Thursday a second-quarter contraction of U.S.

Global central banks may get "antsy" about the swiftness of economic pain brought on by monetary tightening to fight inflation and be tempted to cut interest rates before the job is done, the International Monetary Fund's chief economist said on Tuesday.

A new issue of International Monetary Fund Special Drawing Rights reserves is among options that could be considered to aid countries struggling with spillovers from the Ukraine war but there are no active discussions on the matter, IMF officials said on Tuesday.

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.

U.S. Treasury officials said on Monday overall income and jobs figures suggested the economy was in good health and not in a recession, even if data due this week shows gross domestic product falling for a second consecutive quarter.

Importers of technology products from China paid over $32 billion worth of tariffs imposed by President Donald Trump between mid-2018 to the end of 2021, a new trade group report showed on Tuesday as the Biden administration continues to deliberate over whether to remove some duties.

The International Monetary Fund said its executive board approved a $235.6 million disbursement to Kenya on Monday as it approved a third review of the country's Extended Credit Facility and Extended Fund Facility arrangements.

The U.S. Treasury Department on Monday said it approved nine state plans for the State Small Business Credit Initiative worth $940 million, bringing total approvals under the COVID-19 recovery venture capital program to $1.5 billion.

The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Russia and Trinidad and Tobago on Monday, concluding that those imports did not hurt American producers.

The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from Russia and Trinidad and Tobago on Monday, concluding that those imports did not hurt American producers.

The International Monetary Fund said on Thursday it hopes to begin lending from its new Resilience and Sustainability Trust (RST) for vulnerable low and middle-income economies in October at the time of its annual meeting.

The International Monetary Fund said on Thursday that China needs to add more fiscal and monetary policy support to combat an economic slowdown brought on by continued COVID-19 lockdowns, but less-restrictive pandemic containment policies also were needed.

The International Monetary Fund on Thursday called on creditor committees for Chad, Ethiopia and Zambia to quickly reach agreements with authorities to restructure the countries' debts, saying this could unlock IMF financing programs and disbursements for them.

The U.S. government posted an $89 billion budget deficit during June, roughly half the gap in the same month last year, as pandemic-related outlays fell and revenues edged higher, the Treasury Department said on Wednesday.

The U.S. government posted an $89 billion budget deficit during June, roughly half the prior year's gap, as pandemic-related outlays fell and revenues edged higher, the Treasury Department said on Wednesday.

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed in the wrong direction.

The International Monetary Fund on Tuesday warned that avoiding recession in the United States will be "increasingly challenging" as it again cut its 2022 U.S.

The nominee for the U.S. Treasury's top economic diplomacy job said on Tuesday he wants to limit China's growing global lending influence by working with international financial institutions and development banks to give countries borrowing alternatives.

U.S. tax commissioner Charles Rettig will face questions from legislators over how two former FBI officials vilified by former President Donald Trump were targeted for intensive tax audits, lawmakers and the Internal Revenue Service said on Monday.

U.S. Internal Revenue Service Commissioner Charles Rettig asked the Treasury Department's internal watchdog to investigate how two former FBI officials vilified by former President Donald Trump were selected for intensive tax audits, the IRS said on Thursday.

The U.S. Export-Import Bank plans "aggressive" measures to restore its standing in the business community and to bump up credit volumes running at roughly a quarter of their levels from 2014 before it was hobbled first by Congress and then a global pandemic, the bank's new president said.

The International Monetary Fund said on Wednesday its management had approved a staff-monitored program for Haiti to establish a track record of policy implementation that could lead to an IMF-supported loan program.

Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said on Tuesday, adding the two major oil consumers would have incentives to comply.

U.S. Trade Representative Katherine Tai on Wednesday said that she views tariffs on Chinese goods as "a significant piece of leverage" in the U.S.-China trade relationship and removing them would likely have a limited effect on controlling short-term inflation.

U.S. Treasury Secretary Janet Yellen said on Tuesday that President Joe Biden is not expected to cut U.S.