Treasury

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

HuffingtonPost.com | Zach Carter | Posted 02.13.2012 | Politics

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

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

Read Whole Story

Spill Cleanup? Just a Cost of Doing Business?

Jackie Savitz | Posted 01.31.2012 | Green

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

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.

Read Post

Obama Asking Congress To Raise Key Limit

AP | CHRISTOPHER S. RUGABER | Posted 12.27.2011 | Politics

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...

Read Whole Story

Promising Sign For The Housing Market

Posted 12.20.2011 | Business

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...

Read Whole Story

Obama Makes Nomination For New Leadership Position

AP | Posted 12.17.2011 | Politics

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...

Read Whole Story

Federal Reserve Continues To Push Toward More Transparency

AP | MARTIN CRUTSINGER | Posted 02.11.2012 | Business

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...

Read Whole Story

It must be impossible for the Fed to create inflation

Warren Mosler | Posted 01.15.2012 | Business

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

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...

Read Post

To Increase Small Business Loans, Revive What Has Already Worked

Steve Grossman | Posted 01.04.2012 | Small Business

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

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.

Read Post

Freddie Mac Seeks Another Bailout After Big Loss

Posted 01.03.2012 | Business

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...

Read Whole Story

The Euro Crisis Is Serious but Not Lethal

Georges Ugeux | Posted 11.29.2011 | World

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.

Read Post

Solyndra: Will We Learn From Science?

James M. Gentile | Posted 11.27.2011 | Technology

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.

Read Post

Can the UK go it Alone on Banking Reform? I just DonÃ¢â‚¬â„¢t Think so

Iain Anderson | Posted 01.14.2012 | UK Politics

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

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

Read Post

On Investors and the Banks

Robert Teitelman | Posted 11.02.2011 | Business

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

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

Read Post

Former Lawmaker Decries Corporate Control Of Government

HuffingtonPost.com | Zach Carter | Posted 10.24.2011 | Politics

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...

Read Whole Story

Oil Hits Lowest Price Of The Year After Downgrade

AP | SANDY SHORE | Posted 10.08.2011 | Business

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...

Read Whole Story

Answering The Big What-If Questions Of Debt Default

Posted 09.29.2011 | Business

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...

Read Whole Story

Treasury Department To Soon Announce Debt Ceiling Backup Plans

The Huffington Post | Alexander Eichler | Posted 09.27.2011 | Business

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 ...

Read Whole Story

Reduce the Debt Limit?

Joe Minarik | Posted 09.26.2011 | Politics

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

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.

Read Post

Stocks Lurch Without Debt Deal

HuffingtonPost.com | William Alden | Posted 09.24.2011 | Business

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...

Read Whole Story

Historical Context Missing From Debt Ceiling Reporting

Chris Weigant | Posted 09.13.2011 | Politics

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

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.

Read Post

S&P Warns Lawmakers Of Potential Debt Limit-Related Downgrade

Posted 09.13.2011 | Business

Read More: Treasury Department, Congress, Debt Ceiling, Federal Deficit, Debt Limit, Treasury, Congressional Aide, Standard and Poors, Downgrade, Debt Ceiling Debate, Business News

WASHINGTON - Standard & Poor's has warned lawmakers privately that it would downgrade the country's debt if the Treasury Department is forced to p...

Read Whole Story

Too Big To Fail, Or Too Trifling For Oversight?

New York Times | Posted 08.12.2011 | Business

Read More: Fidelity Investments, Fed, Pacific Investment Management Company, Systemically Important, Paulson & Company, Tbtf, Blackrock, Too Big to Fail, Federal Reserve, Hedge Funds, Citadel, Treasury, Zurich Financial Services, Mass Mutual Financial Group, Financial Regulation, Financial Crisis, Business News

It is not very often that business people head to Washington to explain how unimportant they are. But over the last several months, executives from...

Read Whole Story

Jon Kyl: Debt Ceiling Hike Should Be Paired With $2.5 Trillion In Cuts

HuffingtonPost.com | Elise Foley | Posted 08.07.2011 | Politics

Read More: Debt, Deficit, Debt Ceiling, Default, Senate Republicans, Treasury, Debt Limit, 112th Congress, Bipartisan Debt Talks, Medicare, Jon Kyl, Politics News

WASHINGTON -- Senate Republicans are aiming to cut at least $2.5 trillion over the next decade in a deal to raise the federal debt limit, Sen. Jon Kyl...

Read Whole Story

Ratings Agency Warns U.S. On Debt Limit

Reuters | Daniel Bases and Donna Smith | Posted 08.02.2011 | Business

June 2, 2011 11:35:36 PM By Daniel Bases and Donna Smith NEW YORK/WASHINGTON (Reuters) - Ratings agency Moody's warned Thursday it would con...

Read Whole Story

Harry Reid: 'Clean' Debt Extension Vote Could Spook Markets

HuffingtonPost.com | Elise Foley | Posted 07.24.2011 | Politics

Read More: Clean Debt Extension, Bipartisan Deficit Talks, Debt Ceiling, Peter Welch, Debt Limit, Treasury, Harry Reid, Bipartisan Debt Talks, Gary Ackerman, Eric Cantor, Politics News

WASHINGTON -- The House GOP's plan to hold a vote on a clean extension of the debt ceiling -- which is expected to fail without Republican support -- ...

Read Whole Story