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Treasury Department

Investors: Don't Rejoice but Don't Despair

Michael Farr | Posted 01.17.2012 | Business
Michael Farr

Don't get caught up in any short-term euphoria, but also don't get discouraged.

Government Closes Internet Anti-Foreclosure Scams Tied To Google

AP | By MICHAEL LIEDTKE | Posted 01.16.2012 | Business

SAN FRANCISCO (AP) -- The federal government has shut down dozens of Internet scam artists who had been paying Google to run ads making bogus promises...

Lucia Graves

Department Of Energy Loans Program To Be Reviewed By White House | Lucia Graves | Posted 12.28.2011 | Green

WASHINGTON -- The White House on Friday called for an independent review of the Department of Energy's loans program, the latest move to address quest...

Occupy Wall Street Protestors 'Get A Life' -- Elect A President!

Raymond J. Learsy | Posted 12.23.2011 | Politics
Raymond J. Learsy

She may not know it yet, but the nation needs Sheila Bair. Her persona, her values, her experience would be an enormously timely gift to all of us.

Small Businesses Still Struggling: Geithner

Reuters | Posted 12.19.2011 | Small Business

(Reuters) - Small businesses still face a very tough economy and are experiencing more challenges than larger businesses after the recession, Treasury...

House Panel Looks At Solyndra Loan Restructuring

AP | MATTHEW DALY | Posted 12.14.2011 | Green

WASHINGTON — Two senior Treasury officials said Friday that they had never seen a loan restructuring similar to an Energy Department loan to a f...

Arthur Delaney

Anti-Foreclosure Plan Sees Third Straight Month Of Dwindling New Modifications | Arthur Delaney | Posted 12.05.2011 | Business

WASHINGTON -- For the third consecutive month, the Obama administration's signature housing help plan posted the lowest numbers of preliminary mortgag...

White House Foreclosure Prevention Program Had Minimal Oversight: Report

Posted 12.04.2011 | Business

By Paul Kiel, ProPublicaWhy has the administration’s flagship foreclosure prevention program been so ineffective in helping struggling homeowners ge...

Alexander Eichler

Banks Left Bailout Program Early To Avoid Restrictions On Executive Pay: Report | Alexander Eichler | Posted 11.29.2011 | Business

In the wake of the financial crisis, a number of the nation's largest banks were excused from the government's rescue program before they had returned...

Treasury Opens New Front In Investigation Of Failed Solar Energy Company

iWatch News | Ronnie Greene and Matthew Mosk | Posted 11.14.2011 | Politics

The Treasury Department's inspector general has opened a new front in the investigation of the government loan to Solyndra, the now bankrupt company t...

U.S. Companies Could Get Tax Cuts On Foreign Profits

Posted 11.11.2011 | Business

(BRAD DORFMAN, Reuters) - The Treasury is weighing a proposal to eliminate some, but not all, of the taxes on overseas profits of U.S.-based compa...

How America Saved Wall Street In Order To Sue It

Bloomberg | Jonathan Well | Posted 11.08.2011 | Business

The Vietnam War gave us the expression, “We had to destroy the village in order to save it.” The same kind of thinking might help explain the U.S....

Obama Administration Takes Shots At Bank Of America, JPMorgan

AP | DEREK KRAVITZ | Posted 11.01.2011 | Business

WASHINGTON — Two of the nation's largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration sai...

Alexander Eichler

Fed's $1.2 Trillion In Loans 'A Classic Case Of Moral Hazard' | Alexander Eichler | Posted 10.22.2011 | Business

During the 2008 financial crisis, when the nation's banking system seemed on the verge of collapse, President George W. Bush authorized a $700 billion...

The Social Security Conundrum Explained

Paul Heroux | Posted 10.22.2011 | Politics
Paul Heroux

But how can drastic action be necessary when the Social Security trust fund reportedly has over $2.4 trillion in it at present? This is a misleading sleight-of-hand. Here is how.

Why We Need Savings Bonds

New York Times | FRED T. GOLDBERG Jr. and PETER TUFANO | Posted 10.19.2011 | Business

For generations of children, the idea of saving first became real when a savings bond landed in a birthday or holiday card, the image of a famous Amer...

AIG Repays $2.15 Billion Of Its Bailout Money

AP | By MARCY GORDON | Posted 10.18.2011 | Business

WASHINGTON -- American International Group Inc. has paid the federal government $2.15 billion this week after selling off a life insurance subsidiary,...

Standard-ly Poor (S&P)

Rep. Gary Ackerman | Posted 10.15.2011 | Politics
Rep. Gary Ackerman

What makes S&P's proclamation so curious is that its recent securities-rating track record has been, shall we say, off the mark? In all my years of teaching math, I never had even the poorest student make a two trillion dollar error.

Foreign Investors Cut U.S. Debt Holdings

AP | MARTIN CRUTSINGER | Posted 10.15.2011 | Business

WASHINGTON — Foreign investors cut their holdings of U.S. Treasury debt in June for the first time in more than two years. The decline came at a...

Federal Budget Deficit Puts Pressure On White House, Congress

AP | MARTIN CRUTSINGER | Posted 10.10.2011 | Politics

WASHINGTON — The United States' budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House...

U.S. Stocks Plunge In Early Morning As Volatile Streak Continues

AP | STAN CHOE | Posted 10.10.2011 | Business

NEW YORK — Back to reality and back down, Wall Street focused on the bleak landscape ahead for the economy Wednesday and wiped out its big gains...

Considering a Trip to Cuba? Be Careful

Ronen Paldi | Posted 10.09.2011 | Travel
Ronen Paldi

There may well come a day when all of the restrictions that prevent an American traveler from visiting Cuba are lifted. That day has not yet come.

S&P Director: Downgrade Not 'Catastrophic' For U.S. Credit-Worthiness

AP | Posted 10.08.2011 | Business

NEW YORK -- A managing director at Standard & Poor's said Monday that he has absolutely no second thoughts about the credit ratings agency's decision ...

Don't Panic: The U.S. Credit Downgrade Changes Nothing

Jeff Reeves | Posted 10.07.2011 | Business
Jeff Reeves

Now that the inevitable has happened, what does it mean for the market and for regular Americans with 401ks and IRAs? Interestingly enough, not much.

Geithner One Year Ago: 'Welcome To The Recovery'

The New York Times | Timothy Geithner | Posted 10.03.2011 | Business

THE devastation wrought by the great recession is still all too real for millions of Americans who lost their jobs, businesses and homes. The scars of...