Treasury Department

More than anything else, that may prove a decisive element in ending the partisan standoff.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The amount of money that the U.S. government has on hand to pay its bills plummeted by $53 billion.

Commissioner Daniel Werfel said the service plans to begin a pilot early next tax season.

She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

Shrinking revenues make it harder for the Treasury to stay within the federal debt limit, which the department hit in January.

The Treasury Secretary said her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted soon.

The narrow requirements for qualifying for the electric vehicle tax credits are causing some consternation in the auto industry.

A sudden acceleration in tax inflows has reduced the likelihood of the Treasury Department being at risk of a federal payments default as soon as June.