ALAN RAPPEPORT

The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.

Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.

Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.

In prepared remarks, the Treasury secretary pledged that the Biden administration would take additional steps as needed to support the banking system.

The Treasury secretary said U.S. banks are “sound” but that regulators feared the collapse of Silicon Valley Bank could have led to other runs.

The Treasury secretary also reassured Americans that their savings were safe.

The Treasury secretary’s comments on Sunday morning sought to assure the public that the overall banking sector was safe.

President Biden said his budget was designed to “lift the burden on hard working Americans” and drew sharp contrasts with the proposals that Republicans have...

Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid...

In a private session, Treasury Secretary Janet L. Yellen said the Russians were “complicit in Putin’s atrocities,” according to remarks shared by a U.S. official.