US treasury

US Treasury Secretary Janet Yellen on Friday (May 26) updated the debt default deadline to June 5 from June 1, as she feared that the treasury may run out of cash. She warned of a possible US debt default if Congress fails to raise the…

WASHINGTON: Democrats and Republicans seemed within grasping distance Saturday (May 27) of a deal to end the US debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic…

Treasurys are widely used as collateral for loans, as a buffer against bank losses, as a haven in times of high uncertainty and as a place for central banks to park foreign exchange reserves. Given their perceived safety, the US…

Last Updated: April 27, 2023, 04:20 ISTOn Monday, the White House accused McCarthy of taking the economy hostage by attaching conditions to any extension of the country's borrowing limit. (Image: Reuters) The Limit, Save, Grow Act unravels…

WASHINGTON: US retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy was losing steam at the end of the first quarter because of higher…

The joint statement from the US Treasury, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) stating that depositors will have access to all of their money starting Monday, March 13 in connection with the Silicon Valley Bank…

Amid US administration's move to protect depositors of Silicon Valley Bank, IT Minister Ashwini Vaishnaw on Monday said that the SVB resolution is "reassuring" and will bring relief to startups. The Biden administration has announced that…

US lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock offering and offloaded securities to raise much-needed cash as it struggles with falling deposits.The…

The United States Treasury Secretary Janet Yellen makes a surprise visit to Ukraine, on Monday (February 26) to reaffirm Washington’s support and promote its economic aid to Kyiv amid its ongoing conflict with Russia, reported Reuters. The…

Wall Street's major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for US inflation data due later in the week. The US dollar was little…