U.S. Treasury

A federal judge has extended a temporary reprieve on a new cash reporting requirement for a group of Texas businesses suing the federal government. A hearing for a longer reprieve will occur in May.

A memo ordering grant payments to stop has caused local government officials to review 2025 budgets and legal obligation agreements.

Tarrant County is reprioritizing some of about $408 million in federal pandemic recovery funds. However, several residents are concerned that some of the newly planned allocations don’t meet spending requirements set by the U.S. Treasury Department.

Texas has been using coronavirus relief money to help pay for the multibillion-dollar deployment.

Twenty-five states, including California and New York, preceded Texas in getting federally backed programs up and running to help homeowners suffering financial hardship because of COVID-19.

The Treasury Department said Monday that 39 million families are set to receive monthly child payments beginning on July 15. The payments are part of President Joe Biden’s $1.9 trillion coronavirus relief package, which expanded the child tax credit for one year and made it possible to pre-pay the benefits on a monthly basis.

A federal watchdog for pandemic relief funding is asking for information about Texas Sen Ted Cruz’s efforts to change a loan program. Requirements for the program were altered soon after Cruz wrote to officials in charge — the changes benefitted major Cruz donors.

Press secretary Jen Psaki said it's important that "our money ... reflect the history and diversity of our country." The effort to redesign the $20 bill foundered during the Trump administration.

Christopher Krebs, the former top cybersecurity official in the U.S., talked with NPR about how the hack happened and how the U.S. should respond.

The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded…

Federal deficits are now expected to average $1.2 trillion, or 4.4 percent of gross domestic product — far higher than the average over the past 50 years.

Mnuchin will be key to President Trump's tax-overhaul policy. His former ties to Wall Street have Democrats accusing the president of breaking a promise to hold big banks accountable for abuses.