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The commissioner, Daniel Werfel, said the agency was working to correct unfairness in the enforcement of the tax code.

A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.

The Treasury secretary warned that a default would lead to a “very substantial downturn.”

Treasury is running out of cash, leaving little time to resolve a debt ceiling standoff that could result in default.

High turnover and low pay are luring its staff to the private sector, leaving the banking regulator, and the financial system, more vulnerable to a...

The central bank must consider how looming U.S. default could impact the economy as it makes a decision on raising interest rates.

Mr. Banga’s appointment to a five-year term was confirmed on Wednesday by the World Bank.

Congress controls how much money the United States can borrow. Here’s a look at why that is and what it means.

Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.

The recommendations followed concerns that fueled a run on several banks.