News & Information for Finance, Treasury, and Risk Management Professionals

Treasury May Run out of Cash as Soon as June 1

By Viktoria Dendrinou

In a letter to lawmakers today, Janet Yellen says the Treasury Department's "best estimate" is that its extraordinary accounting measures will no longer be able to satisfy all the government's obligations by early June.

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Blue-Chip Companies Eye Convertible Bond Sales

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World's Biggest Money Managers Are Divided over Inflation's Path

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April 25, 2023

Surging UK Prices Defy Efforts to Tame Inflation

One of Prime Minister Rishi Sunak's top priorities for 2023 is to cut inflation in half, but three months in, consumer prices are back where they started—rising at an annual rate of 10.1%.

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April 24, 2023

U.S. Watchdogs Propose Tighter Oversight of Nonbanks Posing Systemic Risk

Firms that could attract scrutiny include insurers, private equity players, hedge funds, and mutual funds, as well as newer industries such as crypto.

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April 21, 2023

U.S. Recurring Jobless Claims Jump to Highest Since 2021

Continuing claims (the number of people who have already filed an initial application and are now claiming unemployment benefits) rose to 1.87 million in the week ended April 8.

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April 17, 2023

Banks' Pullback on Lending Could Do Some of Fed's Work

"Banks are likely to become somewhat more cautious. That does tend to lead to somewhat greater restriction in credit that could be a substitute for further interest-rate hikes that the Fed needs to make."

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April 17, 2023

Most Workers Expect to Fall Short of Retirement Savings Goals

Millennials expect they'll need $1.3 million for a comfortable retirement, but only 29% expect to reach that. Older workers say they'll need $1.1 million, and only 21% expect to reach it.

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April 14, 2023

Global Economic Chiefs Split over Call for 'Resilience'

The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy.

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April 14, 2023