Page 3 - Treasury Statement News Today

<p><span>U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget (OMB) Acting Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2021. The deficit in FY 2021 was $360 billion less than in the prior fiscal year, reflecting an improved economy due in part to the American Rescue Plan Act of 2021 (ARP) and COVID-19 vaccination rollout. The 2021 deficit was $897 billion less than forecast in the President&rsqu...

But details matter. so number one, these are sanctions that were described in the official treasury statement as a pattern of malign global activity by russia. it is not just the hacking and attempted murderer of skripal in the u.k. or ukraine, it is everything rolled together. and then it is a list of individuals that is quite diverse. so you have categories of people, one or two, three or four picked from each category which tells me -- you have the security services, you have the head of puti...

>> so imagimatthew, the new sans will block access to russia and control assets under u.s. jurisdiction and prohibit americans from doing business with them. how serious of a move is this? >> well, i think it is very significant, don. but details matter. so number one, these are sanctions that were described in the official treasury statement as a pattern of malign global activity by russia. it is not just the hacking and attempted murderer of skripal in the u.k. or ukraine, it is everything rol...

>> another choice selection from north koreas choice, retarhetorical language coming from the north. i looked back at the department of treasury statement when they announced these sanctions and the u.s. using very strong language with north korea as well saying were holding north korea accountable for its destabilizeing and destructive actions. clearly, the u.s. doubling down on its certainty that north korea was behind the sony hack. >> what is the u.s. trying to specifically accomplish with t...

Says she wants her fans to plant them to spread the light. >> it is a rapid ride. we are learning that students loan debt has increased astounding 463 percent during the current administration. diane macedo joins us with more on that. >> the financial services monthly treasury statement shows student loans that stands at $675 billion. that is compared to just under 120 billion in january of 2009 when the president took office and just under 180 billion in july of 2010 when the healthcare educati...

Households. >> reporter: now, other government reports that are going to be delayed or at least are at risk include the consumer price index, the import/export price report, the producer price, the wholesale price report that comes out every month, retail sales and the monthly treasury statement which shows us how much the government is taking in and spending. shows us what the monthly deficits are. arthel: so, peter, does all of this have any impact on ordinary people? >> reporter: it sure does...

That doesnt happen, and how does it benefit the country and the credit rating of the country if the credit limit is increased? >> thats whats interesting about that because not only have we not opened the government with our own spending bill we have to borrow money to keep paying our bills that we already incurred and thats with the daily treasury statement were up against it. they are shuffling funds around to get us through mid-november. some people think it will get us through the end of the...

In the case say they will go on to appeal that. shifting our attention to business news for the day. where the markets were mostly unchanged from yesterday, however, the dow did manage to rise to a new record close. cnbcs geoff cutmore live in london with more on what to look for today. geoff, good morning. >> reporter: hey, good morning to you. and the air is getting even thinner up here. we have a negative trading day here in europe, and the futures for you are looking all in the red at this...