The Congressional Budget Office (CBO) has warned of a significantly increased risk that the US Treasury will run out of funds in early June due to lower-than-anticipated tax receipts through April.

U.S. Treasury Secretary Janet L. Yellen has sent a letter to Congressional leaders, urging them to act promptly to raise or suspend the debt limit.

More than 50 individuals and entities associated with an international money-laundering network that supports a financier for Hizballah have been blacklisted by the U.S. Department of the Treasury.

The regulation of centralized marketplaces is not a new concept, and lessons learned from those marketplaces can be adopted by the cryptocurrency industry, according to the global head of a cryptocurrency exchange.

If enacted, the "Limit, Save, Grow Act of 2023" could negatively affect near-term economic growth, with real GDP being 0.65 percentage points lower in the year ending in the fourth quarter of 2024 compared to a scenario with a clean debt limit increase.

The Federal Reserve plans to launch its live transactions service, FedNow, in July. The Fed addressed some frequently asked questions about the new system on Twitter and said FedNow is not a central bank digital currency (CBDC), which many other countries are developing and several have launched, including China.

Responses to a manufacturing outlook survey suggest that Texas manufacturing stayed flat for the month of April.

An employment forecast by the Federal Reserve Bank of Dallas predicts that job growth is slowing.

A new research paper by the Federal Reserve Bank of Cleveland finds that high short-term inflation expectations will make it difficult to bring down inflation.

As the debt ceiling's summer deadline approaches, Republicans and Democrats are struggling to choose the best direction with Congressman Pete Sessions (R-TX) backing the Limit, Save, Grow Act as the solution, but others seeing the bill as a threat to essential programs.

MIT researchers have published a paper in Nature Energy outlining a path for scaling the clean hydrogen industry while limiting emissions. The researchers aim to assist regulators in supporting the growth of the clean hydrogen industry, which is crucial for decarbonizing various industries such as steel manufacturing and fertilizer production.One of the main challenges in scaling hydrogen production is the sourcing of clean electricity. Currently, the US electric grids are primarily powered by fossil fuels, so if hydrogen production increases, it could result in a...