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The Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's financial bailout. It's the latest government effort to reel in its emergency financial programs. Complete Story...
Foreign demand for long-term U.S. financial assets rose in September as China and other countries boosted their holdings of Treasury securities.
Investment company RLJ Western Asset Management LP has raised enough money to join with the government in buying toxic assets held by banks, the Treasury Department said Thursday.
The Treasury Department now expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated.
Negotiating pay packages with companies that received the largest government bailouts is a study in contradictions, the U.S. Treasury's special master for executive compensation said Tuesday.
Foreign demand for long-term U.S. financial assets rose in August even though China trimmed its holdings of Treasury securities.
The Treasury Department says it is freezing the assets of a German national and al-Qaida member believed to be operating on the border of Afghanistan and Pakistan.
The president of the World Bank says he opposes giving more authority to the U.S. Federal Reserve, arguing instead that the Treasury Department is better suited to manage financial crises.
The recent drop in the value of the dollar has been a good thing for U.S. exporters. But if the currency falls too far, the consequences could be serious. The Answer Desk, by John W. Schoen.
Foreign demand for long-term U.S. financial assets fell in July, but China boosted its holdings, the Treasury Department said Wednesday.
The Treasury Department said Wednesday it will begin winding down one of the emergency programs created at the height of the financial crisis to give the government more time before it hits the national debt limit.
Lending by the largest banks that received government bailout support declined for the sixth consecutive month in July, the government said Tuesday.
There's a lot of interest in rates this week. The Answer Desk, by John W. Schoen.
CVB Financial Corp. said Wednesday it bought back all the preferred stock it sold to the Treasury Department in December under the federal program to aid banks.
Bailed-out banks were scrambling to comply with executive compensation rules months before the regulations were finalized, according to an inspector general report released Wednesday.
The Treasury Department says the value of loans held by the largest banks getting government bailout support fell for a fifth consecutive month in June.
Foreign demand for long-term U.S. financial assets rebounded in June even though China and Russia trimmed their holdings.
The Treasury Department on Wednesday said it will raise a record $75 billion in a series of auctions next week to help deal with the government's soaring debt.
The Treasury Department is scrapping plans to hire a cartoonist to lighten the mood of its employees who manage the nation's $1.2 trillion debt, after a senator questioned its merits.
Lending among the biggest banks to receive government bailout funds was flat in May as the worsening recession led to efforts to pay off debt, the U.S. Treasury said.
Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May, as Japan and Russia trimmed their holdings of Treasury securities.
The Treasury Department on Wednesday selected nine financial firms as partners for a program to buy banks' soured, mortgage-related investments.
The Obama administration on Thursday authorized the seizure of assets belonging to an extremist organization in Iraq and an Iranian backer of insurgents, saying both are responsible for deadly attacks in Iraq.
Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury securities.
Obama Must Toss the Bums in Treasury Out, End the Wars, and Start Leading ...Having surrounded himself with the very Wall Street con men who set up the crooked game that led to the current financial crisis and economic collapse, and finding that the lousy advice they have been giving him since last January has left the country still mired in deepening …
Société Générale tells clients how to prepare for potential 'global collapse'Yet another signal that things are going to continue to get worse.
We are currently over $12 trillion in debt! Factoring in this year's governmental spending/bailout spree, we will see that figure go over $14 trillion by next year. This by itself is alarming and disastrous.
ACORN & The Housing BubbleAll agree that the bursting of the housing bubble caused the financial collapse of 2008. Most agree that the housing bubble started in 1997.
China calls for responsible global monetary policiesChina on Monday made a fresh, thinly veiled criticism of the United States for running lax monetary and fiscal policies that risk undermining the dollar.
All Hands Over-board Cries the Michigan and California Budget offices!Michigan and California are likely to face a fresh round of budget woes when federal stimulus funds used as a fiscal crutch dry up, finance directors for the states said Friday. What do both states have in common for more than Twenty Five years? Come on Guess?
Audit of Home Tax Credit Shows Errors and AbusesWASHINGTON — Just as Congressional leaders are calling for an extension of a popular $8,000 tax credit for first-time homebuyers, or even an expansion to all home purchasers, government investigators reported Thursday that their audits suggest widespread abuse and errors in the …
Good Job! US Treasury to Cut CEO's Salaries Bailout Banks+ Well Done!The article heading is "Treasury to order bailed-out firms to slash pay" The Article in Part..
Obama Orders Deep Pay Cuts For Execs of Bailed Out Banks and Car CompaniesUnder the plan, which will be announced in the next few days by the Treasury Department, the seven companies that received the most assistance will have to cut the cash payouts to their 25 best-paid executives by an average of about 90 percent from last year.
Administration Said to Order Deep Cuts in Pay at Bailed-Out Companies Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an …
Government's Money Monopoly IIAs Americans have experienced ever deepening economic difficulties—-among them unavailable mortgage money, soaring interest rates, double digit inflation, crushing tax burdens—many have been starting to discern a connection between federal monetary power and their personal fi …
Government's Money MonopolyAs the Four Horsemen of America's financial apocalypse—Obama, Reid, Pelosi, Bernacke—and their aider and abettor foot soldiers in the Democrat Congress shovel money into failing enterprises and pet organizations, run colossal deficits, borrow from Chang to pay Pedro, debase …
Rachel Maddow, Eliot Spitzer Interview: Spitzer Discusses Financial Crisis And Past Escort Scandal (VIDEO)Spitzer had some pointed criticism for the way the Obama administration has been handling the bank bailouts.
Get Over It? Not Even CloseIn case you're not ready to roll over and let the banks (and pretend banks, like Goldman Sachs) have their way with you, I just thought you should know you have a little company.
Top Treasury posts stay empty in financial crisisTreasury Secretary Timothy F. Geithner is trying to lead the U.S.
Geithner aides made millions on Wall StreetObama administration officials now working on fixing and regulating the financial system were beneficiaries of several million dollars in pay from Wall Street and private equity companies, it has been revealed.
TARF - It's here, it's expensive - IT'S FINANCIAL SUICIDE!!! In a newspaper that I will not name because they refuse to allow posting of complete articles without a subscription, there was an article about TARF - the government's Toxic Asset Rescue Fund.
Exit strategy? U.S. still has big problem to solveU.S. officials must figure out what to do about an economy that is growing yet not generating enough jobs before they can shift their focus to dismantling their multi-trillion-dollar rescue programs. Two deadlines are looming.
A Bigger Bank Bust Is On The WayThis weekend is the one-year anniversary of the bailout. But the Daily Beast's Nomi Prins says the too-big-to-fail banks have only gotten bigger—and much worse could be on its way.
F.D.I.C. Moves to Replenish Dwindling Bank FundAcknowledging that they greatly underestimated the problems plaguing the nation's banking system, federal officials proposed a plan on Tuesday to replenish the fund that protects bank depositors.
Volcker Warns Against "Too Big To Fail"President Obama's economic advisers are struggling to sell their financial reform plan to . . . an Obama economic adviser.
My Way News - Fresh bailouts for smaller banks being weighedThis will lead to the actual violence that Pelosi has been whining about. Pelosi, Frank, and Dodd would be first on the hit lists...and Pelosi knows it.
Dollar replaced with Euro for Foreign ExchangeAs our currecy continues to collapse due to the policies of the Fed, Treasury, Bush & Co and Obamaloonies we will soon see inflation kicking in. The world is abandoning the dollar in favor of a Euro/Remimbi mix. Welcome to the third world, comrade citizen.
Battle Brews Over Unused TARP Cash The U.S. Treasury Department is discussing ways to keep in reserve some emergency bailout funds even if the Troubled Asset Relief Program isn't extended beyond the end of the year.
Geithner Open to Changes In Consumer Watchdog AgencyTreasury Secretary Timothy Geithner argued forcefully Wednesday for creating a government agency to protect financial consumers, while giving cautious support to paring back its scope.
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