This shouldn’t be happening, and we need to figure out why and who is responsible,” Sen. Elizabeth Warren, D-MA, said during ...

Federal Reserve Board member Michelle Bowman addressed the Kansas Bankers Association Government Relations Conference on ...

Democratic lawmakers have expressed concern that access to the system could allow DOGE, which disburses nearly 90% of all ...

With Elon Musk's Department of Government Efficiency (DOGE) gaining control of the Treasury Department's payment system, ...

The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and ...

If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the ...

Democratic and Republican senators publicly sparred Wednesday over billionaire Elon Musk and his allies at the Department of ...

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems ...

The department said that no payments would be interrupted and that it was conducting a review of the integrity of the system.

The Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession.

In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions ...