treasury department

156 million Covid-19 relief payments issued

Estimated 158.5 million households to receive payments

WASHINGTON (AP) - The Treasury Department says it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan. This includes 25 million payments on Wednesday that were primarily to Social Security beneficiaries who hadn’t…

Federal government about to hit its credit limit

On Saturday, the federal borrowing limit set by Congress kicks back in, freezing US debt at its current level -- a shade over $22 trillion, a record high -- and there's no clear plan in sight for lawmakers to extend new borrowing power.