After granting India a temporary reprieve, the United States has extended a 30-day license allowing more countries to purchase Russian oil currently stranded at sea, as Washington moves to stabilise global energy markets disrupted by the ongoing Iran war. US Treasury Secretary Scott Bessent (REUTERS) The United States Department of the Treasury said the measure…
The penny appears to have run out of luck. The U.S. Mint in Philadelphia pressed its last circulating penny on Wednesday, after President Trump earlier this year directed the Treasury Department to stop minting new one-cent coins, citing the rising cost of production. So, what will companies do if they’re short on change? Here’s…
The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country’s mounting debt comes as the government remains closed, disrupting the economy as hundreds of thousands of federal workers go unpaid. Government shutdowns can boost the national debt because they delay economic activity and postpone fiscal…
The Treasury Department said it is working on a $1 coin featuring President Trump’s image to mark the 250th anniversary of U.S. independence next year, although the design isn’t final. A U.S. Treasury official on Friday shared a preliminary design of the coin featuring Mr. Trump. “No fake news here. These first drafts honoring…