Highlights
A collection of news and information related to U.S. Department of the Treasury published by this site and its partners.
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U.S. Government To Sell All GM Stock
KickingTiresWithin the next 12-15 months, you won???t have "Government Motors" to kick around anymore ??? the federal government and GM have announced a plan for the U.S. to begin selling its remaining stake in the automaker, starting today with a......Tags: Bankruptcy, Manufacturing and Engineering, Prices, Automotive Equipment
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Chrysler Pays Off Government Loans
KickingTiresEarlier this afternoon, Chrysler finished wiring nearly $6 billion to the U.S. government. The massive money transfer took hours to complete but comes at the tail end of nearly two years of federal involvement with the Auburn Hills, Mich., automaker.........Tags: Manufacturing and Engineering, Automotive Equipment
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GM Thanks Public for Bailout in Holiday Ad
KickingTiresJust 16 months after emerging from bankruptcy, General Motors is again a publicly traded company and expects its first full year of profit since 2004. With the company in such good shape, the automaker will thank the public for their......Tags: Financing and Stock Offerings, Bankruptcy, Thanksgiving, General Motors Corp., Automotive Equipment
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Good luck to Congress on Wall St pay cut
The Swampby Frank James There was much at today's Senate Banking Committee hearing on the Treasury Department's proposed $700 billion bailout of Wall Street about executive compensation. Even Treasury Secretary Henry Paulson Jr., who himself made a fortune on Wall...Tags: Bankruptcy, Ben Bernanke, West Village, CEO Pay, National Government
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Paulson on bailout: Trust but verify
The Swampby James Oliphant The Senate Banking Committee and the government's top economic experts are getting into the weeds of the Paulson plan. But there is one overarching theme emerging: Let Treasury handle it. Treasury Secretary Henry Paulson has repeatedly...Tags: Mike Enzi, National Government, Henry Paulson, Government, State Budgets
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Bush: 'Urgent' economic action coming
The Swampby Mark Silva "The whole word is watching,'' President Bush said this week of the economic intervention that his administration is urging Congress to take. And today, at the United Nations General Assembly, the president told the whole world that......Tags: George W. Bush, United Nations, National Government, Heads of State, Executive Branch
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Storm clouds brewing for bailout plan?
The Swampby James Oliphant It's still too early to tell, but is bipartisan support for the Paulson Plan eroding? Tuesday's Senate Banking Committee hearing kicked off with strong words from the ranking Republican on the panel, Sen. Richard Shelby of Alabama.......Tags: U.S. Securities and Exchange Commission, Investments, Investment Service, Business Enterprises, Federal Reserve
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Paulson: 'Immediate' bailout essential
The Swampby Mark Silva Citing a "chain reaction'' of bad mortgage loans that have led to an impending federal bailout of the nation's financial institutions, Treasury Secretary Henry Paulson today will call on the Senate Banking Committee "to stabilize our...Tags: Business Institutions, Lehman Brothers Holdings Inc., Financial and Business Services, Freddie Mac, National Government
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Bailout deal wobbles amid partisan divide
The Swampby James Oliphant Deal or no deal? A day that began on an optimistic note devolved into an evening of partisan bickering and finger-pointing, as Democratic supporters of a $700 billion Bush administration plan to bail out the financial sector......Tags: John McCain, National Government, Christopher Dodd, Eric Cantor, Government
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House GOP: No deal yet on bailout
The Swampby James Oliphant and updated Some Senate Republicans say they have a deal on the bailout bill. The ranking Republican on the House Financial Services Committee says there isn't one. Here is the statement from Rep. Spencer Bachus: "As I......Tags: Barney Frank, Republican Party, George W. Bush, John Boehner, White House
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Bailout: Tentative deal reached
The Swampby James Oliphant A tentative deal has been struck between Democratic and Republican members of Congress on the massive $700 billion plan to rescue America's financial sector. Sen. Christopher Dodd and Rep. Barney Frank, who have been leading the talks......Tags: Jon Kyl, Ben Bernanke, Republican Party, John Boehner, Financial and Business Services
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House Republicans: 'Protect taxpayers'
The Swampby Frank James Worth a read is the letter House Minority Leader John Boehner sent to sent House Speaker Nancy Pelosi today, reiterating the House Republicans' determination to be significant part of any deal that gets done to help the......Tags: Financial Services, John Boehner, Financial and Business Services, National Government, Eric Cantor
Dec 19, 2012
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