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Yellen, Collins say Treasury contract policies on telework need review
Republicans in Congress have expressed frustration with what they say are largely empty federal office buildings paid for by taxpayers.
Debt ceiling talks teeter on brink as lawmakers leave town
Lawmakers aren't expected back until just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash.
By Lisa Mascaro and Stephen Groves
What is ‘X-date,’ and what happens if US defaults on debt?
A prolonged default could be devastating, with crashing markets and panic-driven layoffs if confidence in a cornerstone of the global economy ends.
By Josh Boak
‘Devastating’ debt default threatens troop pay, defense programs
If Congress fails to raise the debt ceiling, payments to troops, veterans and defense contractors could cease as soon as June.
Werfel sworn in as IRS commissioner, to lead $80B agency overhaul
Over the last decade, the IRS budget declined by about 20%, and the agency has more than 20,000 fewer employees than in 2010.
US imposes fresh sanctions on Iran’s drone procurement network
Four firms allegedly bought equipment, including European-made engines, for the country's drone program.
By Fatima Hussein
China accuses US of ‘bullying’ with ‘illegal’ sanctions
The Treasury and State departments announced the moves in coordinated statements that targeted dozens of Wagner Group affiliates.
Treasury Department now taking ‘extraordinary measures’ on debt
The TSP previously assured the public that “G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government.”
By Josh Boak
On Friday the 13th, debt ceiling looms. What fed retirees should know
Those measures include divesting some payments, such as contributions to federal employees’ retirement plans.
By Fatima Hussein