Treasury

The Small Business Administration released information Monday about nearly 700,000 loans issued as part of the federal $660 billion Paycheck Protection Program since its launch in early April.The disclosure includes the names of 660,000 small businesses and nonprofit organizations that received at least $150,000 in funding, the most detailed yet on one of the largest…

Uncle Sam has heard your requests for more time to file your taxes – and they have been denied.The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said.The announcement came less than a week after Treasury Secretary Steven…

The federal government sent coronavirus stimulus payments to almost 1.1 million dead people totaling nearly $1.4 billion, Congress’ independent watchdog reported Thursday.The Washington Post previously reported that the Treasury Department and Internal Revenue Service disbursed some payments of up to $1,200 each to dead people. But the astonishing scope of the problem had not been…

Treasury Secretary Steven Mnuchin told CNBC on Thursday that shutting down the economy for a second time to combat the spread of Covid-19 isn't a viable option and could cause even more headaches for Americans.His comments came as Wall Street grew more concerned about a second wave of coronavirus cases in the United States. Texas has reported…

Treasury Secretary Steve Mnuchin on Tuesday showed President Donald Trump the new coronavirus stimulus prepaid debit cards that will be sent out to Americans this month.Around 10 million Americans who qualify to receive stimulus payments are still waiting for their funds, according to the Internal Revenue Service data. The Treasury on Monday announced that the…