Latest in Treasury Department Sued
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Abbott sued over its marketing of potentially harmful toddler milk
Formulas marketed for toddlers are a burgeoning business, but pediatricians have long recommended against their use.CBS News - Jan. 15 -
Transportation Department sues Southwest for 'chronically delayed flights'
The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights.NBC News - Jan. 15 -
Chris Mason: Political heat map flashes red over Treasury
The BBC's political editor explains the headaches the Treasury is giving Sir Keir Starmer.BBC News - Jan. 15 -
The SEC Is Suing Elon Musk. It’s All in the Timing
Less than a week before Donald Trump takes office, the SEC has filed a complaint against his most prominent benefactor.Wired - Jan. 15 -
Treasury yields finish lower after mild producer-price reading for December
Two- and 10-year Treasury yields declined by the most of any 2025 trading session on Tuesday, after a tamer-than-expected reading from the December producer-price index.MarketWatch - Jan. 14 -
Top BlackRock executive Mark Wiedman to depart
Move scrambles asset management giant’s plans to eventually replace founder Larry FinkFinancial Times - Jan. 14 -
Watch live: Biden delivers foreign address at State Department
President Biden is beginning his farewell tour around Washington this week with an address on Monday at the State Department to highlight his work on foreign policy during his presidency. Biden is ...The Hill - Jan. 13 -
Biden to reflect on foreign policy legacy in remarks at State Department Monday
President Biden on Monday will deliver remarks at the State Department about his administration's foreign policy legacy as a whole and what the White House calls his efforts to strengthen the ...CBS News - Jan. 13 -
Hoda Kotb Departs NBC’s ‘Today’ Amid Lots of Praise and Tears
Special guests, including Simone Biles and Oprah Winfrey, offered tributes to the longtime host, capping off a week that “Today” had called a “Hoda-bration!”The New York Times - Jan. 13 -
Bessent to divest from assets on road to leading Treasury
President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...The Hill - Jan. 13 -
Los Angeles Fire Department budget sustained cuts but saw overall increase
Los Angeles Fire Department budget sustained cuts but saw an overall increase.ABC News - Jan. 11 -
Jack Smith resigns from US justice department as special counsel
Smith, who tried to prosecute Donald Trump over classified documents and US Capitol riot, stepped down Friday. Jack Smith, the justice department’s special counsel assigned to oversee two criminal ...The Guardian - Jan. 11 -
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.The New York Times - Jan. 11 -
Major corporations are rushing to issue bonds as Treasury yields spike
Higher bond yields are spooking stocks, but retirees are helping to drive demand for annuities and corporate debt.MarketWatch - Jan. 11 -
Justice Department finds Tulsa Race Massacre was ‘systemic’ and ‘coordinated’
The Department of Justice found in a newly released report that though the Tulsa Race Massacre was a “systematic” and “coordinated” attack that transcended mere mob violence, any legal ...The Hill - Jan. 10 -
Newsom calls for independent investigation of LA Department of Water and Power
California Gov. Gavin Newsom (D) called for an independent investigation of the Los Angeles Department Water and Power on Friday amid reported water supply issues during this week's wildfires. In ...The Hill - Jan. 10 -
Treasury yields jump after US jobs report smashes expectations
Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cutsFinancial Times - Jan. 10 -
Asian American professor wrongfully accused of spying for China is suing University of Kansas
Franklin Tao, an Asian American scientist who was wrongfully accused of spying for China, is suing the University of Kansas, his former employer, accusing it of “vicious, unabated discrimination.”NBC News - Jan. 10 -
Trump announces new ambassador, Justice Department, VA nominees
President-elect Trump announced on Thursday his latest batch of presumptive nominees to serve in his forthcoming administration. Trump announced his pick of Christine Jack Toretti, Pennsylvania’s ...The Hill - Jan. 10 -
Is a Macy’s near you closing? Beleaguered department store is closing 66 locations.
Macy’s Inc. unveils a list of more than 60 stores slated to close this year as the retailer struggles to right itself amid diminishing foot traffic at remaining stores and breathe new life into its ...MarketWatch - Jan. 9 -
BlackRock departs climate investment group
Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed. “We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
Treasury yields fall in shortened trading session
U.S. Treasury yields fell during a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter.CNBC - Jan. 9 -
Demystifying the Department of Government Efficiency
This week we break down the new government committee being led by Elon Musk and Vivek Ramaswamy.Wired - Jan. 9 -
Can the Justice Department Survive a Trump Wrecking Ball?
Over the next four years, the rule of law will face a profound test.The New York Times - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
Why a 5% 10-year Treasury yield could be a buying opportunity
Investors may look back and “see points in time” when Treasury yields were approaching 5% and investors should have been buying, according to PGIM’s head of global bonds.MarketWatch - Jan. 9 -
Treasury: Covid Stimulus May Have Contributed to Inflation
Treasury secretary Janet Yellen said spending could have have contributed ‘a little bit’ to rising inflation.Inc. - Jan. 8 -
Treasury yield curve steepens for all the wrong reasons
Investors continued to sell off the 30-year Treasury bond for a sixth straight session on Wednesday, pushing its yield further into its highest closing level in more than a year.MarketWatch - Jan. 8 -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - Jan. 7 -
Bitcoin drops below $97,000 as Treasury yields pressure risk assets
Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.CNBC - Jan. 7 -
Don King sued by promoter seeking $3B over alleged 'Rumble in the Jungle' anniversary event
A lawsuit against famed boxing promoter Don King seeks more than $3 billion, alleging King falsely denied being involved in an anniversary event for his historic "Rumble in the Jungle."NBC News - Jan. 7 -
U.S. Defense Department bans Tencent and other Chinese companies
Washington seeks to restrict sharing of advanced technology, deeming it a threat to national security.CBS News - Jan. 7 -
Jimmy Carter's casket departs from the Carter Presidential Library
Watch as a departure ceremony is held for former President Jimmy Carter at his presidential library before his remains are transported to the U.S. Capitol to lie in state.NBC News - Jan. 7 -
Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
Japan's Nippon Steel emphasized that it is not giving up on its takeover of U.S. Steel, a day after suing the Joe Biden administration over blocking the proposed merger.CNBC - Jan. 7 -
Minneapolis Promises Police Overhaul in Deal With Justice Department
With only two weeks left in the Biden administration, officials hurried to finalize a plan in the city where George Floyd was murdered.The New York Times - Jan. 6 -
Late Padres owner's widow, Sheel Seidler, suing Peter Seidler's brothers for control of team
The lawsuit alleges that the Seidler siblings are attempting to sell — and perhaps relocate — the Padres.Yahoo Sports - Jan. 6 -
CISA says 'no indication' other agencies impacted by Treasury hack
The Cybersecurity and Infrastructure Security Agency (CISA) said Monday that there is “no indication” other federal agencies were impacted by the recent breach at the Treasury Department. The ...The Hill - Jan. 6 -
Pope Appoints Nun to Lead Vatican Department
Sister Simona Brambilla was appointed as the prefect of a Vatican office that oversees religious orders, but she may not be alone at the top.The New York Times - Jan. 6 -
California Police Department Agrees to Reforms After Federal Inquiry
The Antioch Police Department was under investigation by the Justice Department after racist text messages between its officers were released in 2023.The New York Times - Jan. 5