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Federal judge blocks Elon Musk's access to sensitive treasury records

A federal judge blocked Elon Musk's Department of Government Efficiency from accessing sensitive Treasury Department records, citing legal violations.

Early on Saturday, a federal court barred Elon Musk's Department of Government Efficiency from gaining access to Treasury Department documents that include millions of Americans' bank account details and sensitive personal information like Social Security.(Reuters)
Published on Feb 08, 2025 02:30 PM IST
AP |

Donald Trump picks Ken Kies for key tax policy job at treasury

Trump announces senior Treasury team with Ken Kies as tax policy assistant and Samantha Schwab as deputy chief of staff.

Members of President-elect Donald Trump's Treasury Department senior leadership team have been revealed. They will collaborate with his secretary nominee, Scott Bessent.(AFP file photo)
Published on Jan 03, 2025 09:49 AM IST
Bloomberg |

Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers

Donald Trump said that Stephen Miran, a Treasury Department adviser in his first administration, would be the chair of his Council of Economic Advisers.

President-elect Donald Trump (AP)
Published on Dec 22, 2024 10:51 PM IST
Reuters |

What is the US debt ceiling amid which a govt shutdown looms in Washington?

Trump's abrupt push upended a bipartisan funding deal negotiated with Democrats, forcing House Republican leaders to start over.

President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit (REUTERS Photo)
Updated on Dec 20, 2024 07:39 AM IST
AP |

Bessent vs Lutnick: Elon Musk wants this contender to be Trump’s Treasury Secy

Elon Musk has come up with a suggestion as President-elect Donald Trump's quest for a new Treasury Department chief continues.

Elon Musk, the Chief Executive Officer of SpaceX and Tesla and owner of X(REUTERS)
Updated on Nov 18, 2024 04:26 PM IST

Trump considering Fox Business host Larry Kudlow for top economic job: Report

President-elect Trump is considering tapping Fox Business Network host Larry Kudlow for a senior economic policy role in his administration, WSJ reported.

Larry Kudlow speaks before President-elect Donald Trump during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon)(AP)
Updated on Nov 15, 2024 10:43 PM IST
Reuters | | Posted by Shweta Kukreti

US Treasury finds no currency manipulation in final Biden-era foreign exchange report

USA-TREASURY/CURRENCY (PIX):US Treasury finds no currency manipulation in final Biden-era foreign exchange report

US Treasury finds no currency manipulation in final Biden-era foreign exchange report
Published on Nov 15, 2024 02:52 AM IST
Reuters |

70,000 posts lying vacant: Sukhu govt to frame policy soon

The government of Himachal Pradesh is working on a policy to fill over 70,000 vacant posts across various departments, including education and health, in the state. A cabinet sub-committee meeting was held to discuss the vacancies and the slow recruitment process, with the committee members seeking the law department's opinion on framing a policy for direct recruitments to fill the posts. The Congress had promised to fill the vacant posts in its poll manifesto.

The Congress had promised to fill the vacant posts in its poll manifesto.
Updated on Apr 25, 2023 11:12 PM IST
By, Shimla

New US tax credit rules narrow the list of eligible EVs

But under the Treasury Department rules, more than 60 electric or plug-in hybrids on sale in the US won't get any tax credits.

To be eligible, electric vehicles or plug-ins have to be manufactured in North America.(Representative image)
Published on Apr 17, 2023 09:14 PM IST
AP |

US treasury secretary expects economy to grow despite recession concerns

US Treasury Secretary Janet Yellen ensured that all bank deposits are safe and monitoring banking system conditions.

US Economy: US treasury secretary Janet Yellen.(PTI)
Published on Apr 08, 2023 08:59 AM IST
AFP |

November saw highest disbursement of rental aid, says US treasury

Diane Yentel, CEO of the National Low Income Housing Coalition, welcomed the increased pace of disbursement.

Gene Sperling, who leads the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, speaks during the daily briefing at the White House in Washington.(AP)
Published on Jan 08, 2022 01:50 PM IST
AP | , New Delhi

Janet Yellen set to become the first woman to head US treasury department

Yellen will become the first woman to head the treasury department - she was the first woman to head the US Fed

Janet Yellen at a news conference.(REUTERS/ FILE)
Published on Nov 24, 2020 10:10 PM IST
Hindustan Times, Washington, DC | ByYashwant Raj

Joe Biden taps ex-Fed chair Janet Yellen to lead treasury

Former Federal Reserve Chair Janet Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.

Former Federal Reserve Chair Janet Yellen.(Reuters)
Updated on Nov 24, 2020 05:11 AM IST
Washington | ByAssociated Press | Posted by Shivani Kumar

Joe Biden says he’s decided on treasury secretary nomination

Joe Biden’s treasury secretary would lead his economic team as many businesses and Americans struggle while the pandemic continues.

US President-elect Joe Biden concludes his remarks to reporters following an online meeting with members of the National Governors Association (NGA) executive committee in Wilmington, Delaware, US on November 19, 2020.(Reuters File Photo)
Updated on Nov 20, 2020 06:17 AM IST
Washington | ByAssociated Press | Posted by Kanishka Sarkar

US piles up record October budget deficit of $284.1 billion

The Treasury Department reported Thursday that the federal government ran up a record October deficit of USD 284.1 billion, double the red ink of the same month a year ago, as revenues declined while spending to deal with the impact of the coronavirus soared.

The US is starting the 2021 budget year the way the old year ended, with soaring deficits.(AFP)
Published on Nov 13, 2020 06:47 AM IST
Washington | ByAssociated Press | Posted by Prashasti Singh

US budget deficit hits all-time high of $864 billion in June

The June deficit was driven higher by spending on various government relief programmes such as an extra $600 per week in expanded unemployment benefits and a Paycheck Protection Program that provided support to businesses to keep workers on their payrolls.

US president Donald Trump hosts a roundtable event celebrating law enforcement in the East Room of the White House in Washington on July 13, 2020.(REUTERS)
Updated on Jul 14, 2020 05:26 AM IST
Washington | ByAssociated Press | Posted by Kanishka Sarkar

GOP’s beloved low-income area tax break could get stricter rules

The legislative push comes after a wave of criticism that investors in areas known as opportunity zones aren’t required to report their assets or economic impact to the Treasury Department.

One of the proposals which is being pushed would require funds investing in opportunity zones to provide annual updates to the Treasury Department. Image used for representation(Reuters photo)
Updated on Oct 30, 2019 12:33 PM IST
Bloomberg | ByKaustuv Basu and Laura Davison

Trump says he has ordered ‘substantial increase’ of Iran sanctions

The White House and the Treasury Department did not immediately respond to requests to comment on what the sanctions could be.

Trump said he is not looking to meet Iranian President Hassan Rouhani during a U.N. event in New York this month.(REUTERS)
Updated on Sep 18, 2019 09:31 PM IST
Reuters | ByReuters

US to revoke Saudi visas in aftermath of Khashoggi ‘killing’

More than a fortnight after Saudi journalist Jamal Khashoggi went missing from the Saudi consulate in Istanbul and denials over any knowledge of his whereabouts, Saudi Arabia confirmed that Khashoggi was killed on the premises, triggering a backlash from global powers.

Saudi Arabia has admitted that Khashoggi, 59, was killed in its Istanbul consulate.(REUTERS)
Updated on Oct 24, 2018 09:07 AM IST
Washington | ByPress Trust of India
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