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Repo markets and the bank deposit business, in particular, would be upended if the U.S. were to default on its debt, experts say.
January 27 -
Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.
January 24 -
The U.S. government reached its limit on how much money it can borrow on Thursday, teeing up a high-stakes battle in Congress.
January 19 -
Treasury Secretary Janet Yellen said the department will begin taking special accounting maneuvers on Jan. 19 to avoid breaching the U.S. debt limit, urging lawmakers to boost the ceiling to avert a devastating payments default.
January 13 -
President Biden asked Treasury Secretary Janet Yellen to stay in her post, and she agreed, a White House official familiar with the matter said.
January 10 -
The Office of Financial Research proposed a rule that would give it greater transparency into non-centrally cleared bilateral repurchase agreement transactions.
January 5 -
The Treasury Department's top official for financial markets and stability expressed little urgency over the federal government's need to prepare for the potential launch of a digital U.S. dollar.
December 21 -
The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.
December 19 -
Bank of America Chief Executive Brian Moynihan said he has no intention to leave his post, responding to a report that he's on the Biden administration's short list to replace Treasury Secretary Janet Yellen if she steps down.
December 12 -
Treasury Secretary Janet Yellen hailed the work done by women in her department as she unveiled the first U.S. banknotes bearing the signature of a female secretary.
December 8