Treasury Department

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Obama Near Proposal To Revamp Financial Regulations

nytimes.com | STEPHEN LABATON | Posted 07.02.2009 | Business

Read More: Fdic, Treasury Department, Securities Exchange Commission, Sec, Financial Crisis, Federal Reserve, Financial Rules, Obama Administration, Financial Regulation, Business News

WASHINGTON -- The Obama administration will soon propose a comprehensive plan to expand the authority of the government to seize large troubled compan...

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U.S. Hopes To Recoup GM Investment In 5 Years

Washington Post | Peter Whoriskey | Posted 06.29.2009 | Business

Read More: Treasury Department, GM Bailout, General Motors, Gm, Business News

The United States would recover most of its planned $50 billion investment in General Motors within five years, according to a preliminary Treasury De...

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Obama's Pick For Top Tax Position Withdraws

Bloomberg | Posted 06.29.2009 | Politics

Read More: Treasury Department, Obama-Withdrawal, Tax Policy, Elizabeth Garrett, President Obama, Politics News

Elizabeth Garrett withdrew as President Barack Obama's nominee to be his administration's top tax-policy official, continuing a vacancy at the Treasu...

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Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Federal Budget Deficit, Hu Jintao, Chinese Economy, Premier Wen Jiabao, Timothy Geithner, Chinese Exports, China, Treasury Secretary, Business News

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

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GM Borrows Another $4 Billion From Treasury

Yahoo Finance | Posted 06.22.2009 | Business

Read More: Treasury Department, GM Bailout, Gm, General Motors, GM Loans, Business News

General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $1...

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Geithner's "Incredible" New Justification For Recycling Bailout Money (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 06.22.2009 | Politics

Read More: Tarp, Treasury Department, Tarp Recycling, TARP Money, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Thursday that he has "no plans to request additional funding" for the $700 billion Troubled Asset Relief P...

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Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 06.21.2009 | Business

Read More: Tarp, Detroit Automakers, Auto Bailout, Treasury Department, Chrysler, General Motors, Gm, Auto Loan, Timothy Geithner, Gmac, Detroit Bailout, Business News

NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...

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Geithner Says No Caps On Executive Compensation, Trumpets Gains In Stock Market To Newsweek

HuffingtonPost.com | Arthur Delaney | Posted 06.18.2009 | Politics

Read More: Treasury Department, Timothy Geithner, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Monday that the government has no plans to cap compensation on Wall Street. "I don't think our government...

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Stephanie Cutter To White House For Court Fight

The Fix | Posted 06.17.2009 | Politics

Read More: Treasury Department, Supreme Court, Timothy Geithner, Cutter Leaving Treasury, Stephanie Cutter, Cutter Supreme Court, Politics News

Stephanie Cutter, counselor to Treasury Secretary Timothy Geithner, is leaving that post to join the White House team as it prepares to shepherd Presi...

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Stealth Move in Washington Aims to Get $100 Billion for IMF Without Congressional Debate

Mark Weisbrot | Posted 06.15.2009 | World

Read More: IMF Reform, Treasury Department, Global Economy, Budget, Tim Geithner, International Monetary Fund, Imf, US Congress, Congressional Budget Office, Barack Obama, World News

We are told that poor countries will suffer if the IMF does not get a $108 billion appropriation from Congress immediately. But this is nonsense.

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Short Sales: Treasury Announces New Programs For Distressed Homeowners

HuffingtonPost.com | Arthur Delaney | Posted 06.14.2009 | Business

Read More: Treasury Department, Making Home Affordable, Short Sales, Business News

The Treasury Department on Thursday announced two new programs to help distressed homeowners avoid foreclosure. One program will provide incentives fo...

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Treasury Department Insists It Can Recycle Bailout Money

HuffingtonPost.com | Arthur Delaney | Posted 06.08.2009 | Politics

Read More: Tarp, Bailout, Treasury Department, Troubled Asset Relief Program, Tim Geithner, Politics News

With reporting by Sam Stein The Treasury Department is insisting the law governing the bailout bill gives it a green light to recycle taxpayer bailou...

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Mining Geithner's Daybook

Bradley W. Bloch | Posted 05.31.2009 | Politics

Read More: Arlen Specter, Treasury Department, Timothy Geithner, Sunlight Foundation, Semantic Web, Kirsten Gillibrand, Social Networking, Tim Berners-Lee, Politics News

While the prospect of having the public leaf through one's daybook may send chills down the spines of public officials, this level of public exposure is the wave of the future.

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Obama Administation Allowing GM, Chrysler to Blackmail Their Dealers

Steve Parker | Posted 05.29.2009 | Business

Read More: Treasury Department, General Motors, Chrysler, Fritz Henderson, President Obama, Cars, Detroit-Bankruptcies, Chrysler Fiat Deal, Detroit-Michigan, Business News

Obama could still encourage the bankruptcies for GM and Chrysler, but should also order bankruptcy judges to not let the companies avoid their responsibilities to their franchised dealers.

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Treasury Unveils New Aid Program To Help People With Second Mortgages

Bloomberg | Rebecca Christie and Jody Shenn | Posted 05.29.2009 | Business

Read More: Mortgae Aid Plan, Treasury Department, Housing Crisis, Treausury Plan for Second Mortages, Tim Geithner, Mortgage Crisis, Business News

The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors...

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Chrysler's Creditors Agree To Deal With Treasury To Reduce Company's Debt

AP | STEPHEN MANNING and DAN STRUMPF | Posted 05.29.2009 | Business

Read More: Chrysler Bankruptcy, Treasury Department, Chrysler, Chrysler Debt, Chrysler Creditors, Business News

WASHINGTON — With just two days left before a government-imposed restructuring deadline, Chrysler LLC took a step away from the brink of bankrup...

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Treasury Needs $361B More

AP | MARTIN CRUTSINGER | Posted 05.28.2009 | Business

Read More: Treasury Department, Treasury Borrowing, Treasury Secretary, Treasury Needs Money, Treasury, Business News

WASHINGTON — The Treasury Department said Monday it will need to borrow $361 billion in the current April-June quarter, a record amount for that...

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Treasury Makes A New Offer To Chrysler Lenders

AP | Posted 05.23.2009 | Business

Read More: Treasury Department, Banks, Chrysler, Chrysler Lenders, Business News

LOS ANGELES — The Treasury Department lobbed back a new offer to Chrysler LLC's lenders, proposing that banks and hedge funds which hold $6.9 bi...

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Geithner: US Bears Substantial Share Of Blame For Financial Crisis

Reuters | Posted 05.23.2009 | Business

Read More: Economic Crisis, Economy, Treasury Department, Financial Crisis, Us Blame Financial Crisis, Tim Geithner, Tim Geithner Financial Crisis, Global Economic Crisis, Business News

Treasury Secretary Timothy Geithner said on Wednesday that the United States bears a substantial share of the blame for the current economic crisis bu...

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Thievery Under the TARP

Robert Scheer | Posted 05.22.2009 | Business

Read More: Inspector General, Geithner, Goldman Sachs, Barofsky, Paulson, Treasury Department, Scheer, Aig, Tarp, Business News

A new scathing report by the Treasury Department's special inspector general claims that the aptly named Troubled Asset Relief Fund bailout program is rife with mismanagement and potential for fraud.

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A Call For Questions For Timothy Geithner

Richard H. Neiman | Posted 05.21.2009 | Politics

Read More: Tarp, Treasury Department, Tarp Oversight Board, TARP Money, Ask Tim Geithner a Question, Timothy Geithner, Congressional Oversight Hearings, Treasury Secretary, Politics News

I am one of the five members of the Congressional Oversight Panel for TARP, and I would like the people who are living with this recession to get a chance to ask their questions to Geithner.

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Fed Tells Banks To Keep Quiet On Stress Tests

Bloomberg | Bradley Keoun and Scott Lanman | Posted 05.10.2009 | Business

Read More: Treasury Department, Stress Tests, Us Treasury, US Banks, Bank Stress Tests, Business News

The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of "stress tests" that will gaug...

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How the Toxic Asset Plan Will Magically Make Your Money Disappear

Cenk Uygur | Posted 05.09.2009 | Business

Read More: Treasury Department, Robbery, Private Investors, Fdic, Barack Obama, Tim Geithner, Toxic Asset Plan, Business News

The toxic asset plan will pick your pocket to pay off some of the richest people in America. If you think that makes sense, then you deserve to have your pocket picked.

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Five Billion Dollar Automaker Scheme

news.yahoo.com | 1 Hr 16 Mins Ago | Posted 05.09.2009 | Business

Read More: Auto Bailout, Treasury Department, Auto Industry, Business News

WASHINGTON (AFP) -- The US Treasury Department Wednesday launched a five-billion-dollar scheme to guarantee product payments to embattled auto supplie...

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Bilking The Summers-Geithner Plan: How Wall Street Will Use It For Profit

The Boston Globe | Laurence J. Kotlikoff | Posted 05.09.2009 | Business

Read More: Toxic Assets, Treasury Department, Summers-Geithner Plan, Timothy Geithner, Treasury-Plan, Toxic Assets Plan, Lawrence Summers, Federal Financial Authority, Limited Purpose Banking, Business News

IT'S ONE thing for the US Treasury Department to overpay banks for their toxic assets on the prayer that bank shareholders will do something besides p...

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