- House GOP gives election-year airing to IRS gripes Updated: May-24-16 2:56 pm
WASHINGTON - Republicans gave an election-year airing to their complaints about IRS chief John Koskinen Tuesday, telling a GOP-run House committee that he should be impeached for lying to lawmakers and destroying evidence.
- Before island's primary, Sanders criticizes Puerto Rico plan Updated: May-23-16 5:18 pm
LOS ANGELES - Two weeks before Puerto Rico's primary, Democratic presidential candidate Bernie Sanders says a deal between House leaders and the Obama administration to help the island out of debt has colonialist overtones.
- G7 takes aim at terrorist financing; rifts on policy remain Updated: May-21-16 7:38 am
AKIU, Japan - The Group of Seven major economies showed a united front on fighting terrorist financing and tax evasion in talks that ended Saturday, but shied away from coordinated action on policies to revive stalling growth.
- Relief and anger in Puerto Rico as Congress acts on debt Updated: May-20-16 6:01 am
SAN JUAN, Puerto Rico - After months of pleading from Puerto Rico's government, the U.S. Congress has agreed to help the territory restructure its massive public debt. But it comes at a steep cost: a degree of lost sovereignty with the imposition of a fiscal control board as well as a potential lower minimum wage for young workers on the island.
- Divide over fiscal policies, currencies at G-7 in Japan Updated: May-20-16 12:49 am
SENDAI, Japan - Japan faces a challenge in bridging a widening divide over how to revitalize sluggish growth at a meeting Friday of finance ministers and central bank governors of the Group of Seven industrial nations.
- US again tells European banks trade with Iran is OK Updated: May-19-16 8:06 pm
BRUSSELS - The United States and its partners in the Iran nuclear talks are trying anew to convince European banks and businesses that now-legal trade with the Islamic Republic won't be punished.
- Congress, White House strike rescue deal for Puerto Rico Updated: May-19-16 5:15 pm
WASHINGTON - House Republicans and Democrats reached a rare, election-year deal with the White House to try to rescue Puerto Rico from $70 billion in debt as millions of Americans in the cash-strapped U.S. territory struggle with the loss of basic services.
- White House defends aide, fires back at House GOP Updated: May-12-16 5:28 pm
WASHINGTON - The White House locked horns on Thursday with a House committee chairman over whether a senior aide should testify before Congress about his role in crafting President Barack Obama's public relations campaign in favor of the Iran nuclear deal.
- Treasury Secretary Lew says time is now to help Puerto Rico Updated: May-10-16 7:32 am
SAN JUAN, Puerto Rico - As Congress debates how to help Puerto Rico with its $70 billion debt, Treasury Secretary Jacob Lew is trying to prod lawmakers into action with stories of crumbling infrastructure on the island and a lack of basic services.
- Puerto Rico's economic crisis: How it happened, what's next Updated: May-09-16 10:46 am
WASHINGTON - One bond payment missed, another looms for debt-ridden Puerto Rico as Congress fights over how to help the U.S. territory and its 3.5 million Americans.
- Treasury rejects plan to slash Teamsters pension benefits Updated: May-06-16 6:00 pm
WASHINGTON - The Treasury Department on Friday rejected an effort by the Teamsters Central States Pension Plan to cut benefits for 270,000 retired workers starting in July.
- Lew says currency design plan winning rave reviews Updated: May-03-16 6:47 pm
WASHINGTON - Treasury Secretary Jacob Lew said Tuesday that the reaction to his plan to put Harriet Tubman on the $20 bill and add civil rights and suffragette leaders to U.S. currency has been "overwhelmingly positive."
- Q&A: Puerto Rico's debt crisis, what it means for muni bonds Updated: May-02-16 5:11 pm
NEW YORK - Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors.
- US places 5 countries on trade monitoring list Updated: Apr-29-16 6:06 pm
WASHINGTON - The Treasury Department has placed five countries - China, Japan, Germany, South Korea and Taiwan - on a new monitoring list designed to pressure foreign governments to tackle large trade imbalances with the United States.