Moody's Ratings lowered the U.S. credit rating to the second-highest tier, following in the footsteps of S&P and Fitch which did so in 2011 and 2023.

Longer-dated bond yields touched 5%, after the U.S. lost its last triple-A credit rating and a tax bill that would worsen the U.S. budget deficit [passed a key hurdle](

That appeared to be the case at the open: equities fell, and Treasury yields rose fast. But things settled down just an hour later. The S&P 500 finished the day flat, and yields on benchmark 10-year Treasuries were down by just three basis points.

U.S. Treasury Secretary Scott Bessent will attend the Group of Seven finance leaders' meeting in Canada next week and will seek to refocus the group on addressing trade imbalances and non-market economic practices,

In an interview with CNN’s Jake Tapper, Treasury Secretary Scott Bessent defends Qatar’s $400 million luxury jet gift to President Donald Trump, stating the plane ‘would be a gift to the American government.

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."

Jevon P. Crudup Jr. of Kansas City pleaded guilty to bank fraud involving forged U.S. Treasury checks. Authorities say the scheme caused over $95,000 in losses.

New Jersey Treasury officials say the state health benefits program is facing dire structural and financial challenges.

Revenue collection through the first nine months to March is estimated to have fallen off the target by Sh161.9 billion mainly on account of shortfalls in ordinary revenue or taxes according