Treasury Department

Tribal governments have invested in 344 infrastructure and affordable housing projects as a result of $20 billion received from the American Rescue Plan Act.

The state will use surplus revenues to pay off the remaining $1.36 billion balance and will loan the trust another $450 million to bolster its health with repayment going toward the state's budget stabilization fund.

A Federal appellate court has issued two opinions in the cases of Ohio and Kentucky and Tennessee, and in the latter, agreed the offset provision is unconstitutional.

Treasury Secretary Janet Yellen said that while the U.S. financial system remains resilient, the current backdrop has created the conditions where risks to its stability could appear.

The American Rescue Plan was passed without waiving the Pay As You Go Act, which could prevent municipalities from receiving payments on bonds already issued.

John Luke Tyner, fixed income analyst at Aptus Capital Advisors, discusses yield curve inversion with Bond Buyer Managing Editor Gary Siegel. Tyner looks at recession possibilities and how the Federal Reserve’s actions will impact the economy, the yield curve and recession. (23 minutes)

Court decisions are highlighting the complexity of controlling how states spend money allocated them by federal law.

The naming of the first Native American U.S. treasurer follows complaints about how pandemic relief funds were distributed among tribes.

Inflation is "absolutely a problem," Yellen told a Senate panel, adding that the hot labor market illustrates the success of aid packages like the American Rescue Plan.

Lawmakers and advocates of U.S. tax credits like tax-exempt debt aren't getting many answers from Treasury about an impending global tax regime that diminishes the value of the tax tools.