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WASHINGTON - The Treasury Department deals in millions and billions and even trillions of dollars, but it can think small, too.
WASHINGTON - With budget deficits improving, the government said Wednesday it is discontinuing sales of three-year Treasury notes.
WASHINGTON - As the list of ailing companies seeking government help grows, it is anybody’s guess where the Treasury Department’s largesse will stop. The $700 billion bailout bill is so vague that virtually any U.S. company could be eligible for government help.
WASHINGTON - Treasury Secretary John Snow has signaled to the White House he is ready to resign once President Bush has picked a successor, administration officials and people close to Snow said Thursday.
WASHINGTON - Treasury Secretary John Snow said Sunday that he foresees steady economic growth during the final three months of this year and throughout 2004.
WASHINGTON - Henry Paulson, a veteran of more than three decades of Wall Street booms and busts, knew the good times couldn’t last forever when he left his perch as head of Goldman Sachs two years ago to become President Bush’s third Treasury secretary.
WASHINGTON - The Treasury Department will start doling out $125 billion to nine major banks this week to get credit flowing again, giving a lift to U.S. markets on rising confidence that the government's moves would stave off a protracted recession.
America West Airlines confirmed Monday that it is one of several airlines directed by the Treasury Department to turn over records related to its dealings with a federal board that approved a $429 million loan package in early 2002.
WASHINGTON -The federal budget deficit, helped by a surge in government revenue, is running 14.1 percent below the pace of last year, the government reported Wednesday.
LOS ANGELES - Academy Award-winning filmmaker Michael Moore is under investigation by the U.S. Treasury Department for taking ailing Sept. 11 rescue workers to Cuba for a segment in his upcoming health-care documentary "Sicko," The Associated Press has learned.
The U.S. Department of Justice has awarded a contract to the General Dynamics C4 Systems division in Scottsdale for a nationwide secure wireless communications system for 18 federal law enforcement and security agencies.
WASHINGTON — 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.
WASHINGTON — The special inspector general for the financial bailout will examine how 10 states were selected for an Obama administration plan to provide $2.1 billion in assistance to areas hit by the housing bust.
Bailout watchdog Neil Barofsky is undertaking the audit in response to a request by Rep. Darrell Issa, R-Calif., according to a letter released Tuesday by Issa's office.
The Treasury Department has been running the government's "Hardest-Hit" fund, which is stocked with financial rescue money.
Barofsky also plans to examine whether state-designed programs that are receiving assistance differ from existing government efforts, the letter indicates. He also plans to examine whether Treasury has established ways to prevent waste and fraud and whether the government has established goals and measurements for the programs.
A Treasury spokesman did not immediately comment.
President Barack Obama unveiled the state assistance effort in February. Since then, state agencies have designed their own approaches. They vary by state, but many provide aid to unemployed homeowners, or "under water" borrowers who owe more on their properties than their homes are worth or those.
Last month, the Treasury Department approved plans for half of the states getting funding through the program — Arizona, California, Florida, Michigan and Nevada. The states, which were were picked because they experienced at least a 20 percent decline in home prices, estimate that their plans will help up to 93,000 homeowners.
Besides these states, the Obama administration is providing an additional $600 million in financial support to help homeowners in states with high rates of unemployment. Those states — Ohio, North Carolina, South Carolina, Oregon and Rhode Island — have submitted plans to the Treasury Department. They are still being reviewed.
Want to save taxpayers millions, prevent identity theft and be kind to trees? Go paperless with your Social Security payments.
WASHINGTON - Urgently moving on multiple fronts to stem the worst financial crisis in decades, the government on Friday said it would safeguard assets in money market mutual funds and temporarily banned short-selling of financial company stocks. The Treasury Department has asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street.
Right now the President of the United States is making numerous changes in his staff of phony leaders.
WASHINGTON - Roughly $1 billion was taken from Iraq's Central Bank by Saddam Hussein and his family shortly before the United States began bombing Baghdad, the State Department said Tuesday.
Two of Washington's most powerful lobbies are about to square off.
WASHINGTON — The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year.
The city’s Finance Department will begin to invest up to $50 million in local banks in the coming weeks through Certificates of Deposits (CDs) and other FDIC-insured deposits with an effort to distribute money to a range of local banks while ensuring the deposits are fully protected by FDIC insurance.
WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.
A new prepaid debit card could drastically reduce the number of paper Social Security checks mailed each month, therefore saving trees and putting more crooks out of business, treasury officials say.
President Bush gave his impressive homeland security adviser, Frances Townsend — whose resume ranges from mob prosecutor to chief of intelligence for the Coast Guard — 90 days to ramrod the commission recommendations through the CIA, FBI, Justice Department and assorted other intelligence bureaucracies, all the while coordinating with the new director of national intelligence.