Legislators need to increase or suspend the debt limit soon. On Friday, Treasury Secretary Janet Yellen urged lawmakers to act on the nation’s debt limit, either increasing or…
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U.S. Sanctions Cuba Over Harsh Response to Protests
Sanctions would target senior officials. On Thursday, President Biden’s administration began imposing a range of new sanctions against Cuba. The action is intended to hold the government and…
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Treasury Secretary to Hold Meeting on Digital Currency
Stablecoins the topic of discussion with the President’s Working Group. Secretary Janet Yellen is convening a meeting on Monday with the President’s Working Group on Financial Markets to…
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HHS Announces Final Rule for Medical Billing
No Surprises Act being implemented through interagency effort. This past week, the Departments of Health and Human Services, Labor, and Treasury issued an interim final rule to protect…
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Inflation Rose to 5 Percent in May
Supply chain and hiring challenges contribute to higher prices. A report released Thursday by the Department of Labor revealed that consumer prices increased 5 percent for the year…
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President Announces Key Nominees
Administration seeks to fill roles in Labor, Commerce, Defense, and Treasury departments. This past week, President Joe Biden announced his intent to nominate the following individuals for key…
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Treasury Urges Debt Level Increase
Congress urged to move quickly. Treasury Department officials urged Congress to increase the federal borrowing limit this summer. Otherwise, the federal government could run out of cash, much…
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Treasury Secretary Hints at Interest Increases
Expects the Federal Reserve to maintain economic stability. On Tuesday, Secretary of the Treasury Janet Yellen indicated that national interest rates might have to increase due to the…
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Over 156 Million Stimulus Payments Distributed
Treasury Department reports roughly $372 billion distributed. The Treasury Department announced on Wednesday that it has recently surpassed 156 million payments to individuals as a part of the…
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Corporate Tax Plan Unveiled
It would pay $2 trillion toward spending packages. On Wednesday, Treasury Secretary Janet Yellen introduced a plan to pay for the president’s $2 trillion spending package by raising…
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