Department of the Treasury

Bailout May Cost $23.7 Trillion: Barofsky

AP | JIM KUHNHENN | Posted 08.20.2009 | Business


WASHINGTON - The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about on...

Cuba, the Low-Hanging Fruit for Obama, Braces for Change

Richard Walden | Posted 05.11.2009 | World


Richard Walden

Changing U.S. policy towards Cuba is the low-hanging fruit on President Obama's foreign policy agenda. Change can be accomplished at the stroke of a pen.

Alexander Hamilton's Scorn: Reflecting on AIG, Goldman, Hank Paulson and Bob Rubin

Steve Clemons | Posted 04.16.2009 | Politics


Steve Clemons

While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.

There's Nothing Wrong with Geithner's Brain...

Rick Horowitz | Posted 04.10.2009 | Politics


Rick Horowitz

"I knew you'd get it. There's nothing like having a few wise gray heads around the Cabinet table to ease people's minds. Now, some of us go gray naturally..."