(Bloomberg) -- Staff at the Federal Reserve cooperated with the Treasury Department to give Elon Musk’s Department of Government Efficiency access to federal payment systems, according to a new ...
A federal judge temporarily limited members of the Department of Government Efficiency from accessing the Treasury Department’s payment system the day before a DOGE employee who was linked to ...
Another source within the agency confirmed King, who was previously deputy CIO, is now acting in the chief IT position. King had been deputy CIO since 2022. He also briefly served as acting CIO of the ...
During the financial crisis of 2007–2008, the Treasury Department coordinated with the Federal Reserve and the Federal Deposit Insurance Corporation to ensure that banks had ample assets to meet ...
The U.S. Treasury Department's Government Efficiency team, tied to Elon Musk, met with Federal reserve staff in January, according to a court filing issued earlier in the week, shedding light on ...
Less noticed was a slowing in the shrinkage of the Fed’s balance sheet, to redeeming $5 billion of Treasury securities a month from $35 billion previously. Powell pointed to complications ...
Government bond yields are struggling to find direction ahead of the Fed announcement. A look at history shows the next move tends to be lower. The 10-year Treasury yield was up 2 basis points ...