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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.
Union Bankshares Corp. said Wednesday it has repaid the federal government the $59 million it received last December under the Treasury Department's Troubled Asset Relief Program.
President Barack Obama's choice for a top job in the Treasury Department did not disclose all of her late tax payments until she was repeatedly prodded by Senate investigators, a congressional report issued Wednesday said.
The value of loans held by the largest banks who received the largest amounts of government bailout support fell for an eighth consecutive month in September, according to the Treasury Department.
Holders of lost savings bonds dating back to World War II say its not nearly as easy to track down the lost money as the U.S. Treasury Department claims in an ongoing lawsuit.
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 world's top finance officials this week plan to develop a peer review process to ensure their economic policies avoid the trade and budget imbalances that contributed to last year's financial crisis, a Treasury Department official said Tuesday.
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.
Iowa Sen. Tom Harkin says the U.S. Treasury Department has awarded $215 million in tax credits to three Iowa-based organizations.
GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
If the battle between Fox News Channel and the Obama administration is still going on, it has moved behind closed doors.
The Treasury Department has frozen the assets of a North Korean bank and one of its executives for being involved in the sale of ballistic missiles and other weapons technology.
Chrysler Financial, once the exclusive lending arm of the storied automaker, will liquidate and go out of business by Dec. 31, 2011, according to a letter from the U.S. Treasury Department.
The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.
The Treasury Department is ordering companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.
The House Financial Services Committee has voted to set new rules for credit rating agencies, which lawmakers say misled investors by giving high marks to risky securities tied to subprime mortgages.
Treasury prices fell Monday on an early rally in the stock market, recovering only some of their losses after a strong auction of inflation-protected government debt.
The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department that claims ownership.
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 Taliban are in much stronger financial shape than al-Qaida and rely on a wide range of criminal activities to pay for attacks on U.S. and coalition forces in Afghanistan, a senior Treasury Department official said Monday.
Bank of America Corp. said Friday its board authorized a $713 million dividend payment on preferred stock issued to the Treasury Department as part of the government's bank rescue program last year.
A Florida company has been fined nearly $3 million for activating thousands of electronic currency accounts for customers in Iran, the Treasury Department said Thursday.
The Treasury Department said Wednesday that two large investment funds have raised the minimum amounts needed to begin purchasing toxic assets from banks, finally launching this part of the government's financial rescue effort.
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 inspector general for the Treasury Department's $700 billion bailout fund said Thursday that he will review the decisions of General Motors and Chrysler to close a large portion of their auto dealerships as part of their restructuring plans.
Obama too big to fail plan blasted in Congress | ReutersA view of yesterday's financial reform debate from across the pond gives a troubling perspective on just how divergent our lawmaker's positions are on such an important issue.
Clock Ticking on US Debt CeilingI think this is an important article for all of us to read, regardless of our political leanings... Quoting: "This week Uncle Sam plans to sell $123 billion worth of Treasurys. That will bring the country's debt level very close to the $12.1 trillion debt ceiling."
GOP, Treasury up ACORN scrutinyTwenty Republican senators are requesting a federal inquiry of ACORN and the Treasury Department has opened an investigation of ACORN, adding more woes to the community organization at the center of a widening scandal.
Treasury data deployed to sell health careLet's see now...he's got the National Endowment for the Arts creating "art-as-propaganda" for his health care reforms, he has appealed to churches, he's got ACORN and SEIU up in arms, he's got an iron-clad majoriy in the Senate, and now he is using the scare tactics he accuses th …
Oil Tax Would Have Little Price Effect, Treasury SaysIncreasing taxes on oil and natural gas companies would have an "insignificant" effect on prices for consumers, the Treasury Department's chief economist said.
U.S. Asks Banks to Speed Up Mortgage Modifications for Troubled Homeowners Senior administration officials pressed executives from the nation's largest banks Tuesday to speed help to distressed borrowers after a frustrating start to the government's foreclosure-prevention effort and set a goal of more than doubling the number of homeowners receiving aid …
Obama mulls opening bailout to small businessThe Obama administration is considering using money from the $700 billion financial bailout fund to provide further assistance to the nation's struggling small businesses.
Obama says government has so far turned a profit on money used to stabilize banksOn June 9, the Treasury Department announced that 10 of the largest financial institutions that participated in the Capital Purchase Program (through TARP) have been approved to repay $68 billion. Yes, they had to be approved to repay the money.
Timing of Treasury Department challenge, AIG probe raises concernsA Treasury Department challenge to the authority of government bailout watchdog Neil M. Barofsky came just as he had begun a sensitive investigation of the department's role in approving bonuses to executives of insurance giant AIG, sources said Thursday.
GOP: Did George W. Bush team force BofA merger? Capitol Hill Republicans investigating the fire sale purchase of Merrill Lynch by Bank of America last year are digging for evidence of improper behavior by two Bush appointees – former Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
Officials tied to Mexican day care center quitTwo government officials whose wives are owners of a Mexican day care center where 44 children died in a fire resigned Tuesday, saying they wanted to clear the way for an investigation.
Obama taps aide to guide court nomineePresident Barack Obama named a seasoned Democratic political operative to guide his Supreme Court nominee on Capitol Hill, where the Senate's top Republican refused to rule out a filibuster.
Fannie Loses $23 Billion, Prompting Even Bigger BailoutFannie Mae reported yesterday that it lost $23.2 billion in the first three months of the year as mortgage defaults increasingly spread from risky loans to the far-larger portfolio of loans to borrowers who have been considered safe.
Obama Team Writes off $7 Billion that Taxpayers Loaned Chrysler; More Loans PossibleAs part of the company's bankruptcy filing, Chrysler LLC will not repay US taxpayers more than $7 billion it received as part of the company's bailout earlier this year. Instead, the US will get an 8% ownership in a firm whose value continues to deteriorate by the day.
Treasury Lends $2B More to GMTaxpayers invested another $2 billion in General Motors Corp. this week as the struggling auto giant continued efforts to restructure and avoid bankruptcy court. See more irresistible headlines
Obama vows to cut dozens of federal programsPresident Barack Obama said on Saturday he would soon announce the elimination of dozens of government programs as part of a broad effort to restore fiscal accountability to the federal budget.
South Park Reveals How the Treasury Department Makes DecisionsYou just HAVE to watch this. Just don't be drinking anythng when you do. Because of the enonomic crisis, Stan is trying to return a MargaritaVille that his Dad bought on credit. He ends up at The Treasury Dept. and sees first hand how they make decisions/
Next Bailout: Life Insurance Companies Gets Lifeline from TaxpayersThe Treasury Department Wednesday confirmed that life insurers are qualified to join banks and carmakers on the list of industries getting taxpayer bailouts.
Administration Presents Details on Proposed Treasury Powers - washingtonpost.comThe Obama administration today detailed its proposed legislation granting the Treasury secretary unprecedented powers to order the seizure of financial companies whose failure would harm the broader economy.
If "transparency" is to become the mantra of Obama Administration, it's time to put it to work at AIG.
Feds seize 2 corporate credit unionsFederal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system.
13 Companies Getting Bailout Money Owe More Than $220M in Back Taxes At least 13 companies receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said Thursday.
AIG bonuses new cloud over Treasury bossThe White House is placing responsibility on Secretary Timothy Geithner for how the government handled the $165 million paid to about 400 executives and traders at American International Group.
Obama nominates 3 to key Treasury postsPresident Barack Obama has chosen three people to join the senior ranks of the Treasury Department, where a slow pace of hiring has put the agency on the defensive.
Help Wanted! Treasury Department Tax Cheaters O.K.You would think that President Obama's priorities would be with the Treasury Department, after all we are in the worst financial crisis since the great depression. a crisis unlike any we have seen in our lifetime.
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