At the same time, the weighted average interest rate on national debt has risen to 3.28% from its 2022 low of 1.6%. Yield is the rate the government pays holders of its debt and is dictated by the ...

The Department of the Treasury is exploring ways to reduce the cost of producing nickels, which cost a pretty penny, ahead of the possible elimination of the iconic Lincoln-faced 1-cent coin.

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...

Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump's "one big, beautiful bill" may add to the $36 trillion national debt. Bessent appeared before the ...

U.S. Sen. Jim Banks, R-Indiana, and Rep. Frank Mrvan, D-Highland, have sent a joint letter to the U.S. Department of Treasury, asking for the nation’s owned and operated steel industry to be ...

A federal judge has rejected a bid by the U.S. Treasury Department to cancel a union contract covering tens of thousands of IRS staff, an early blow to President Donald Trump's efforts to ...

Top ICT tenders: National Treasury’s Smart Meter Project to get dashboardThe dashboard is expected to serve as a critical tool for monitoring, analysing and managing utility consumption, with ...