The first real-time payments system was launched by The Clearing House (TCH) about seven years ago. It recently announced ...

Trump administration appointees and allies of Elon Musk wanted to use the Treasury’s sensitive payment system to block ...

"The Executive’s action unilaterally suspends the payment of federal funds to the ... granting the coalition's request for a temporary restraining order. Follow live politics coverage here ...

David Lebryk, a top Treasury Department nonpolitical career official, retired Friday after clashing with Elon Musk allies over government payment systems, a source familiar with the matter told ...

US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

U.S. District Judge John McConnell issued a temporary restraining order preventing the administration from enforcing its halt on aid disbursements, rejecting the Justice Department’s argument ...

President Donald Trump has called for interest rates to come down and escalated his criticism of the Federal Reserve chair, Jerome Powell, after this week's policy meeting. But the president ...

A former senior adviser for the Federal Reserve Board of Governors was arrested ... according to the DOJ. Rogers now faces the potential of a lengthy prison sentence and hefty fines.

Former Federal Reserve adviser John Harold Rogers has been indicted on charges of economic espionage. Prosecutors allege Rogers shared confidential U.S. financial data with Chinese contacts posing ...

“It now is 2 percentage ... just the minimum payment on their credit cards hit a 12-year high, according to third-quarter 2024 data released last week by the Federal Reserve Bank of Philadelphia.

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.