Treasury Department

Mark Gongloff

Bond Buyers Throwing Cash At Uncle Sam

HuffingtonPost.com | Mark Gongloff | Posted 05.30.2012

The next time you hear somebody freaking out about U.S. government debt, you can remind them that there has never been a better time for the governmen...

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 05.09.2012

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

U.S. To Sell Some Stock Of Bailed-Out Firm

AP | Posted 05.07.2012

NEW YORK -- The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 pe...

Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

IRS Rule Could Threaten Some Banks' 'Viability'

Reuters | Posted 04.18.2012

April 17 (Reuters) - Banks in Texas, Florida and other southern states could face a pull-out of non-U.S. depositors due to a new U.S. rule finalized...

Elise Foley

Timothy Geithner Calls Mitt Romney Claims 'Misleading,' 'Ridiculous'

HuffingtonPost.com | Elise Foley | Posted 04.15.2012

WASHINGTON -- Treasury Secretary Timothy Geithner threw water on one of GOP presidential hopeful Mitt Romney's claims about the economy and women, say...

Amanda Terkel

Treasury Tries To Bail Out Public Image Of Bailout

HuffingtonPost.com | Amanda Terkel | Posted 04.13.2012

WASHINGTON -- The Treasury Department is worried that the high political cost of some of its key economic intervention programs -- most notably, the b...

Loren Berlin

Bailout Money Fails To Reach Neediest Homeowners: Report

HuffingtonPost.com | Loren Berlin | Posted 04.12.2012

A federal housing program funded with taxpayer money left over from the government's bailout of the banks and auto companies is failing to deliver on ...

Watchdog: Mortgage Giants Too Free To Make Their Own Decisions

AP | CHRISTOPHER S. RUGABER | Posted 03.29.2012

WASHINGTON -- A government watchdog says the top U.S. housing regulator should take a more active role in overseeing mortgage giants Fannie Mae and Fr...

WATCH: Donald Duck Tells You To Pay Income Tax

Posted 03.22.2012

At a time when politicians are fighting over the mere suggestion that Americans might have to pay higher taxes, it's pretty fun to watch Donald Duck s...

Warm Days and Thunderstorms: Bond Prices Are Rumbling

Michael Farr | Posted 05.21.2012

Michael Farr

Interest rate movements affect almost every type of investment in some way, but bond investments will react with direct negative correlation. The rule for bond investing is that the lower the coupon and the longer the maturity, the more volatile prices will be.

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing

HuffingtonPost.com | Arthur Delaney | Posted 03.02.2012

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

Obama Task Force Aims To Ensure China Plays By Trade Rules

Reuters | Posted 04.29.2012

* USTR Kirk to select director of new interagency team * Unit will draw on resources from across government * Reports ra...

Bank Faces Multiple Probes Over Illegal Money Tied To Iran

Reuters | Posted 04.28.2012

By Carrick Mollenkamp Feb 27 (Reuters) - HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expan...

New Child Support System Could Cost Poor Men Their Only Income

AP | DANIEL WAGNER | Posted 04.28.2012

WASHINGTON -- Old child support debts could cost thousands of poor men their only income next year because of a policy aimed at reducing the cost to t...

The Latest Reason Larry Summers Is Unpopular

The Huffington Post | Alexander Eichler | Posted 02.24.2012

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...

White House To Propose Cutting Corporate Tax Rate

AP | By JIM KUHNHENN | Posted 04.22.2012

WASHINGTON -- President Barack Obama rolled out a corporate tax overhaul plan Wednesday that lowers rates but also eliminates loopholes and subsidies ...

Let's Make a Deal: The Bail-Out of Wall Street in Unusual and Exigent Circumstances

L. Randall Wray | Posted 04.17.2012

L. Randall Wray

There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.

Dow Jones Industrial Average Closes At Highest Level Since Before Crisis

AP | MATTHEW CRAFT | Posted 04.04.2012

NEW YORK — A drop in the unemployment rate to its lowest level in three years propelled the Dow Jones industrial average Friday to its highest c...

Former Treasury Counselor Could Move To Goldman Sachs

The Huffington Post | Alexander Eichler | Posted 02.01.2012

The revolving door between Wall Street and Washington is about to turn once more. Richard Siewart, onetime counselor to Treasury Secretary Timothy...

Jillian Berman

Report: Geithner Won't Stay On If Obama Reelected

HuffingtonPost.com | Jillian Berman | Posted 01.25.2012

Barack Obama won't ask Timothy Geithner to stay on as Treasury Secretary if the president wins reelection, Geithner told Bloomberg TV's Trish Regan We...

Despite Public Fears, Federal Deficit Actually Shrank From This Time Last Year

AP | By DEREK KRAVITZ | Posted 01.12.2012

WASHINGTON -- The federal deficit was lower in the first quarter of the 2012 budget year than the same period last year. Yet, the imbalance remains hi...

From Wall St. To Washington: Famous Moments In Revolving Door History

Posted 01.11.2012

Want to get to Washington? Try going through Wall Street. As a look at any recent presidential administration will show, people move between the two w...

The Obama Administration's 'New' Bank Fraud Deal: Still Unfair, Still Unjust, Still Unbalanced

Richard (RJ) Eskow | Posted 03.11.2012

Richard (RJ) Eskow

Despite the president's new-found populism -- rhetorically, anyway -- officials in his administration continue to push an unfair deal designed to conceal the financial Crime of the Century.

Obama's Smart Red Lines on Iran

Joel Rubin | Posted 02.24.2012

Joel Rubin

Instead of political pandering and promoting a reckless policy, Obama is making it clear that while he seeks to resolve the challenge from Iran, he also has policy red lines that should not be crossed.