Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.

The Trump administration is willing to consider the Democrats’ plan to spend $25 billion on the U.S. Postal Service — as long as lawmakers also provide other coronavirus relief sought by the White House, said spokeswoman Kayleigh McEnany.

A payroll tax holiday sought by President Donald Trump won’t be in the next stimulus package, but may be in follow-up virus relief legislation, Treasury Secretary Steven Mnuchin said.

Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases.

The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.

Treasury Secretary Steven Mnuchin said Congress very likely will need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.

Airlines will be required to propose up-front how the federal government could retain financial stakes in their companies in exchange for a share of $61 billion in coronavirus aid designated for the industry, according to guidelines released by the Treasury Department.

Treasury Secretary Steven Mnuchin is signaling his displeasure with President Donald Trump’s trade war with China by saying nothing at all.

The United States posted its largest monthly budget surplus on record in April, which the Congressional Budget Office said reflected stronger economic activity over the past year.