Treasury

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The Treasury Department said Monday that it will start issuing some stimulus payments by sending a debit card to people in the mail.

A $500 billion Treasury Department fund created by the Cares Act in March to help stabilize the economy has lent barely any money, according to an initial report issued by a new Congressional Oversight Commission.The money was supposed to be used to help prop up large segments of the U.S. economy at a time when…

U.S. government debt prices continued to climb Thursday morning ahead of the next round of unemployment claims figures, as the coronavirus pandemic continues to hammer the labor market.At around 2:50 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6202% and the yield on the 30-year Treasury bond was down at 1.3157%.…

Treasury Secretary Steven Mnuchin said on Sunday that he thinks the United States economy will bounce back to the position it was in before the coronavirus pandemic in a matter of “months,” a sunny prediction at odds with many economists who see the US as entering a historic economic downturn. When asked by CNN’s Jake…