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U.S. Department of the Treasury

A collection of news and information related to U.S. Department of the Treasury published by this site and its partners.

Top U.S. Department of the Treasury Articles

Displaying items 145-156
  • Fannie Mae to pay U.S. $7.2 billion; bailout offset in full

    Fannie Mae to pay U.S. $7.2 billion; bailout offset in full
    WASHINGTON -- Fannie Mae posted its eighth straight profitable quarter in the final three months of last year and will send the federal government $7.2 billion, pushing its total dividend payments above the cost of the 2008 bailout for the first time, the...
  • Treasury chief presses Congress to raise debt limit as deadline nears

    Treasury chief presses Congress to raise debt limit as deadline nears
    WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
  • Obama offers plan for Americans who lack 401(k) retirement accounts

    Obama offers plan for Americans who lack 401(k) retirement accounts
    President Obama’s plan for a new type of retirement account may help some Americans, but it’s unlikely to be a panacea for the U.S. retirement crisis. In his State of the Union address Tuesday night, Obama proposed new accounts that would be...
  • Treasury Secretary Jacob Lew heads home after prostate surgery

    Treasury Secretary Jacob Lew heads home after prostate surgery
    WASHINGTON -- Treasury Secretary Jacob J. Lew had successful outpatient surgery on Tuesday but remained at a New York area hospital overnight because of a low-grade fever, a Treasury Department spokeswoman said. Lew, 58, underwent the procedure to treat...
  • As U.S. hits debt limit, business group urges Congress to raise it

    As U.S. hits debt limit, business group urges Congress to raise it
    WASHINGTON -- As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy. The Business Roundtable sent a letter to House and Senate leaders Thursday night warning that...
  • Why sanctions don't really work

    Why sanctions don't really work
    In 1919, after allied sanctions on food shipments had starved the Kaiser's Germany into submission, President Wilson endorsed the continued use of sanctions to settle international disputes as an "economic, peaceful, silent, deadly remedy." Almost a...
  • Church, housing groups sue Gov. Brown over mortgage settlement money

    A collection of religious groups and homeownership advocates sued California Gov. Jerry Brown on Friday demanding that he return about $350 million from the 2012 national mortgage settlement that was used to plug holes in the 2013 state budget. The...
  • Jeremy Stein to step down from short-handed Federal Reserve Board

    Jeremy Stein to step down from short-handed Federal Reserve Board
    WASHINGTON -- Federal Reserve Governor Jeremy C. Stein plans to step down next month, creating another vacancy on the central bank's already short-handed board. Stein, 53, a Harvard economist and former Obama administration advisor, has served on the...
  • U.S. and Russia trade sanctions over Crimea

    WASHINGTON — The U.S. and Russian presidents imposed sanctions on each other's top aides and other government officials Thursday as the dispute over Crimea intensified and the White House worried publicly that Moscow might be positioning its...
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  • Groups sue Gov. Brown over mortgage settlement funds

    Groups sue Gov. Brown over mortgage settlement funds
    Three community groups sued Gov. Jerry Brown on Friday, demanding he restore more than $350 million in mortgage settlement funds that were used to plug state budget holes two years ago. The money — from California's slice of the $25 billion...
  • Celebrating 150 years of 'In God We Trust' on our change

    Celebrating 150 years of 'In God We Trust' on our change
    While money is the root of all evil, it's still a good reminder of who's in charge, and has been for 150 years. On April 22, 1864, the U.S. passed a law so that for the first time, the phrase "In God We Trust" would appear on currency. The first coin to...