U.S. lawmakers are bickering over federal spending but for global markets, the impending battle over the U.S. debt ceiling is more significant.
Treasury Secretary Jack Lew warns Congress on Wednesday that the U.S. would exhaust its borrowing capacity no later than Oct. 17.
Janet Yellen, front-runner to succeed Ben Bernanke as head of the Federal Reserve, comes well qualified, but she faces challenges no Fed chief has ever faced.
With the Fed getting ready to let interest rates rise, supposedly safe bonds are suffering losses. Here are five things you need to understand to avoid some nasty surprises.
Gene Sperling, President Barack Obama's top economic adviser, plans to leave in January and will be replaced by Jeffrey Zients, a veteran budget official.
Five years after the financial crisis, Americans continue to hold sharply negative views of Wall Street, a new poll shows.
Apple reportedly is working on iPhones that will have screens much larger than the current 4-inch models.
A new study shows that the number of Americans who don't pay taxes has shrunk, and that the vilified 47% of supposed freeloaders aren't who you think they are.
Treasury Secretary Jack Lew warned Congress on Monday that the U.S. will hit its borrowing limit in mid-October, giving legislators a clear deadline to raise the debt ceiling.
The U.S. ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a Treasury report shows.
Speculation is that President Obama will seek to replace Ben Bernanke, when the Fed chairman's term is up next year. But whom will he name to replace him?
Banks have mostly been tight-lipped about what rising interest rates would mean for earnings, but they'll soon have to open up a little more to regulators and investors.
Bloomberg customers were examining whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data.
American pop star Beyonce and rapper husband Jay Z visited Havana last week on a cultural trip that was fully licensed by the United States Treasury Department, a source says.
The former Treasury Secretary has an agreement with Crown Publishers, an imprint of Random House, Inc. Crown announced Thursday that Geithner's book, currently untitled, is...
The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who...
The latest Republican budget plan generally resembles prior ones, relying on higher tax revenues enacted in January and improved Medicare cost estimates to promise balance.
President Barack Obama is asking Congress for a short-term deficit reduction package of spending cuts and tax revenue that will delay the effective date of steeper automatic...
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally...