Treasury Department

The bill passed through the committee on a 21 to 17 vote, over fierce Democratic opposition.

The Office of Recovery Programs Contact Center helps municipalities with American Rescue Plan Act funding questions.

Treasury Secretary Janet Yellen said the only solution to avoid a U.S. default crisis is for Congress to increase the federal debt limit, avoiding engaging with other proposed stopgap measures including short-term extensions or spending cuts.

Treasury Secretary Janet Yellen advised Congress that her department is deploying an additional accounting maneuver to avert breaching the federal debt limit.

The Eleventh Circuit Court of Appeals has issued an opinion that blocks Treasury from enforcing the "tax cut ban" against 13 states.

Treasury's move is the latest by the federal government to enforce its Offset Provision that bars states from using ARPA funds for tax cuts.

Missouri's challenge to the law that prohibits pandemic aid funding being used for tax cuts won't get a hearing.

Treasury typically suspends the sale of new state and local government series securities when nearing the borrowing cap.

President Biden asked Treasury Secretary Janet Yellen to stay in her post, and she agreed, a White House official familiar with the matter said.

This dismissal won't affect the state's other lawsuit against the Biden administration's clawback of pandemic relief funds for state tax cuts