Treasury

Yesterday: The Lowest Interest Rates in History

Alan Grayson | Posted 06.02.2012

Read More: News, Bonds, Treasury, Mainstream Media, Economic Downturn, Economic Crisis, Treasury Notes, Unemployment Rate, Politics News
Alan Grayson

Yesterday, the 10-year Treasury note hit its lowest interest rate in history. For the third day in a row. Why is this happening? Will the trend continue? What does it mean for the middle class?

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Pentagon Official's Commutes Cost An Absurd Amount

AP | LOLITA C. BALDOR | Posted 04.06.2012

Read More: Pentagon, George Bush, White House Chief of Staff, White House Office of Management and Budget, President Bill Clinton, Video, Defense Secretary Leon Panetta, Cia, Robert Gates, Federal Policies, Treasury, House Budget Committee, Donald H. Rumsfeld, Business News

WASHINGTON -- It's turning out to be a costly commute home for Defense Secretary Leon Panetta. The Pentagon chief has traveled on military aircraft t...

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The Fed's No Stress Stress Test

Laurence J. Kotlikoff | Posted 05.14.2012

Read More: Financial Regulatory Reform, Financial Crisis, Treasury, Banking Crisis, Banks, Federal Reserve, Financial Regulation, Financial Reform, Business News
Laurence J. Kotlikoff

Today's Wall Street Journal carried a cover story, "Stress Tests Buoy U.S. Banks." In fact, the stress tests showed exactly the opposite. Of the 19 ...

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The Latest Reason Larry Summers Is Unpopular

The Huffington Post | Alexander Eichler | Posted 02.24.2012

Read More: Larry Summers Harvard, Treasury Department, Video, Developing World, Larry Summers Women, Harvard University, World Bank, Treasury, Larry Summers, Harry Summers World Bank, Harvard, Treasury Secretary, Lawrence Summers, Larry Summers Treasury Secretary, Financial Regulation, Business News

Larry Summers is in the running to head the World Bank. But according to tens of thousands of people that recently signed a petition, he's not the man...

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Where Is Jamie Dimon When You Need Him?

Dennis M. Kelleher | Posted 04.17.2012

Read More: Dodd-Frank Act, Wall Street Bailout, Dodd-Frank, United Kingdom, Financial Reform, Wall Street Reform, Jamie Dimon, Taxpayers, Paul Volcker, Volcker Rule, Rulemaking, Canada, Goldman Sachs, Proprietary Trading, Greece, Bailout, Treasury, Financial Crisis, Banker Bonuses, Simon Johnson, Wall Street Bonuses, Financial Regulation, Derivatives, Loopholes, JP Morgan, Wall Street Crisis, Wall Street, Greece Debt Crisis, Japan, Anti-American, Better Markets, 2008-Crisis, Banking, Banks, Business News
Dennis M. Kelleher

Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.

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Zach Carter

Debt Ceiling Showdown 2: Coming This Fall, In Time For The Election, Only Worse

HuffingtonPost.com | Zach Carter | Posted 02.13.2012

Read More: Deficit, Politics, Elections, Debt, Video, Hostage, Congress, State of the Union 2012, Debt Ceiling, Economy, Treasury, Elections 2012, Jobs, Obama, Democrats, Election, 2012, Politics News

WASHINGTON -- Last year's torturous congressional debate over raising the federal debt ceiling eventually resulted in a deal that President Barack Oba...

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Spill Cleanup? Just a Cost of Doing Business?

Jackie Savitz | Posted 04.01.2012

Read More: Taxes, Tax Code, Congress, Gulf of Mexico Oil Spill, Bp, Tax-Cuts, Subsidies, Tax Breaks, Gulf Oil Spill, Transocean, Legislation, Politics, Politics News, Oil Industry, Big Oil, Hastings, Treasury, Oil, Our Oceans, BP Oil Spill, Oceans, Bill, Green News
Jackie Savitz

Congress and the Administration should be doing much more in response to the Gulf Spill. But at the very least passing the Oil Spill Tax Fairness Act would be a good first step.

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Obama Asking Congress To Raise Key Limit

AP | CHRISTOPHER S. RUGABER | Posted 02.26.2012

Read More: Video, Obama Debt Limit, Department of Treasury, Debt Ceiling, Congress Debt Ceiling Obama Debt Ceiling, Treasury, Debt Limit, Politics News

WASHINGTON — The Obama administration says the federal government has nearly reached its borrowing limit – again. Treasury officials said...

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Promising Sign For The Housing Market

Posted 12.20.2011

Read More: Housing Starts, Commerce Department, Housing Market, Video, Housing Permits, Future Construction, Rental Apartments, Housing Recovery, Treasury, Business News

WASHINGTON - Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, sugg...

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Obama Makes Nomination For New Leadership Position

AP | Posted 12.17.2011

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Video, Richard Berner, Office of Financial Research, President Barack Obama, Treasury, Timothy Geithner, Barack Obama 2012, Barack Obama, Barack Obama Appointments, Politics News

WASHINGTON -- President Barack Obama is nominating a senior counselor to Treasury Secretary Timothy Geithner to head a new government office set up to...

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Federal Reserve Continues To Push Toward More Transparency

AP | MARTIN CRUTSINGER | Posted 02.11.2012

Read More: Interest Rates, European Debt Crisis, Europe Recession, Video, Moody's Analytics, Bonds, Treasury, Federal Reserve, Financial Crisis, Chairman Alan Greenspan, Ben Bernanke, Mortgage-Backed Securities, Business News

WASHINGTON — The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further s...

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It must be impossible for the Fed to create inflation

Warren Mosler | Posted 01.15.2012

Read More: Modern Monetary Theory, Deficit, Mmt, Unemployment, Credit, Deflation, Inflation, Treasury, Currency, Federal Reserve, Congress, China, Japan, Business News
Warren Mosler

Hardly an hour goes by without some pundit pushing the possibility of some kind of run away inflation, with Zimbabwe and Weimar rolling off the tongue...

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To Increase Small Business Loans, Revive What Has Already Worked

Steve Grossman | Posted 01.04.2012

Read More: Small Business Loans, Small Business Banking, Small Business Jobs, Small Business, Community Banks, Sba, Massachusetts, Small Business Lending, Economic Recovery, Small Business Administration, Small Business Banks, Treasury, Banks, Small Business Lending Fund, Small Business America, Small Business News
Steve Grossman

The Small Business Administration's loan incentive program worked brilliantly, and it will work again. Washington should act -- and act now -- to provide another $2 billion to help small businesses, their workers and the taxpayers.

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Freddie Mac Seeks Another Bailout After Big Loss

Posted 01.03.2012

Read More: Mortgages, Labor Market, Video, Freddie Mac, Bailout, Dividend, Treasury, Mortgage Crisis, Fannie Mae, Sec, Securities and Exchange Commission, Chief Executive Officer Charles E. Haldeman, Housing Crisis, Business News

Mortgage finance giant Freddie Mac said on Thursday it will seek an additional $6 billion from U.S. taxpayers following its worst quarterly loss t...

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The Euro Crisis Is Serious but Not Lethal

Georges Ugeux | Posted 11.29.2011

Read More: Interest Rates, REpublic of Slovakia, Eurozone, European Stability Pact, Public Debt, International Monetary Fund, Fiscal Crisis, Ireland, European Union, Bundestag, Spain, Italy, Devaluation, Global Crisis, Fiscal Policy, Euro, Beijing, Deleverage, Greece, Germany, Ecd, Treasury, Banks, Europe, Portugal, Troika, World News
Georges Ugeux

The solution is in Europe, not in Washington or Beijing. Europe cannot continue to act irresponsibly and must assume its responsibilities to avoid a global crisis.

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Solyndra: Will We Learn From Science?

James M. Gentile | Posted 11.27.2011

Read More: Solar Energy Industries Association, Steve Jobs, House of Representatives, Renewable Energy Loan Portfolio, Research Corporation for Science Advancement, Exxon Mobil, Justice Department, House Judiciary Committee, Natural Resources Defense Council, Solar Energy, Apple, The Economist, Solar Industry, Photovoltaics, Treasury, Department of Energy, Stanford University, Solyndra, Fbi, Technology News
James M. Gentile

The key question that is being missed -- and that should be asked now -- is whether the federal government will approach this failure as politicians or as scientists.

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Can the UK go it Alone on Banking Reform? I just Don’t Think so

Iain Anderson | Posted 01.14.2012

Read More: Chancellor of the Exchequer, Banking Reform, Vickers Report, George Osborne, Icb, Treasury, Cicero Group, UK Politics News
Iain Anderson

This is perhaps the most momentous day for British financial services since the de-regulation of "big bang" in the late 1980s.

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On Investors and the Banks

Robert Teitelman | Posted 11.02.2011

Read More: Banks, Financial TImes, Pimco, John Paulson, Bruce Berkowitz, Treasury, Business News
Robert Teitelman

Trying to view a key systemic sector like banking through the lens of investors can be dangerously deceptive.

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Zach Carter

Former Lawmaker Decries Corporate Control Of Government

HuffingtonPost.com | Zach Carter | Posted 10.24.2011

Read More: Geithner, Dodd-Frank, Economy, Too Big to Fail, Bank of America, Jobs, Bofa, Politics, Tbtf, Wall Street, Treasury, Banks, Kanjorski, Capital, Volcker, Politics News

WASHINGTON -- Lawmakers rarely speak candidly about the relationship between large corporations and government, avoiding the ugly realities surroundin...

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Oil Hits Lowest Price Of The Year After Downgrade

AP | SANDY SHORE | Posted 10.08.2011

Read More: Goldman Sachs, Gas Prices, New York Mercantile Exchange, ICE Futures, Debt Crisis, Credit Downgrade, Opec, Treasury, Oil Prices, Standard & Poor's, Department of Energy, AAA Rating, European Central Bank, Short-Term Energy Outlook, Benchmark West Texas Intermediate, Business News

Oil's plunge to its lowest price of the year should provide Americans with some relief at the pump. But that may not be enough to calm their fears abo...

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Answering The Big What-If Questions Of Debt Default

Posted 09.29.2011

Read More: Interest Rates, Treasury Department, US Soldiers, Social Security, Credit Downgrade, Debt Ceiling, Default, Debt Default, Treasury, Barack Obama, US Treasuries, Business News

(Lauren Young) - The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise...

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Treasury Department To Soon Announce Debt Ceiling Backup Plans

The Huffington Post | Alexander Eichler | Posted 09.27.2011

Read More: Prioritization, Treasury Department, Congress, Social Security, Debt Ceiling, Default, John Boehner, Economy, Bonds, Treasury, Timothy Geithner, Debt Ceiling Deadline, Debt Ceiling Debate, Business News

With less than a week until the August 2 deadline to raise the debt ceiling, the Treasury Department is said to be weighing its choices about whom it ...

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Reduce the Debt Limit?

Joe Minarik | Posted 09.26.2011

Read More: Paul Broun, Treasury, Debt Limit, Debt Ceiling Limit, Republicans Debt Ceiling, John Boehner Debt Ceiling, Obama Debt Ceiling, Politics News
Joe Minarik

In this light, to be logically consistent on principle, anyone who opposes increasing the debt limit today should in 2001 similarly have opposed President Bush's tax cuts.

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William Alden

Stocks Lurch Without Debt Deal

HuffingtonPost.com | William Alden | Posted 09.24.2011

Read More: Congress, Debt Ceiling, John Boehner, Stock Market, Economic Crisis, Standard & Poor's, S&P 500, Prediction, Dow Jones Industrial Average, Treasury, Debt Limit, Business News, Financial Crisis, Harry Reid, Predict the News, Business News

This story has been updated. NEW YORK -- With just over a week left before the federal government is set to exhaust its borrowing authority, financ...

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Historical Context Missing From Debt Ceiling Reporting

Chris Weigant | Posted 09.13.2011

Read More: Journalists, President, President Obama, Boehner, John Boehner, Obama, Media, Shutdown, Geithner, Gingrich, 1996, 1995, Clinton, Treasury, Speaker, President Clinton, Bill Clinton, Impeach, House, Politicians, Cuts, Budget, Msm, Government Shutdown, Congress, Newt Gingrich, Barack Obama, Mainstream Media, Debt Ceiling, Robert Rubin, Deadline, Chris Weigant, Tim Geithner, Rubin, Medicare, Veto, Politics News
Chris Weigant

Back in 1995 and 1996, a government shutdown actually happened -- twice. The debt ceiling was not raised, but the country did not default. President Clinton actively used his veto pen, as the Republicans sent him bills that they knew he would not sign.

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