| Nov 12, 2013
| 3:40 AM
WASHINGTON -- President Obama on Tuesday will nominate the Treasury Department official in charge of the $800-billion financial bailout fund to be the next chairman of the Commodity Futures Trading Commission, which oversees the complex derivatives...
| Sep 10, 2013
| 8:46 AM
WASHINGTON -- The Treasury Department will be unable to pay all the nation’s bills starting sometime between Oct. 18 and Nov. 5 unless Congress raises the debt limit, according to a private analysis released Tuesday.
The new "X date" from the...
| Oct 31, 2013
| 1:44 PM
In response to longstanding complaints, federal officials said they will allow workers to carry over some unused money held in flexible spending accounts for healthcare expenses.
The U.S. Treasury Department and Internal Revenue Service announced the...
| Nov 7, 2013
| 12:06 PM
WASHINGTON -- Freddie Mac, the mortgage finance firm seized by the government in 2008 along with sibling Fannie Mae, will pay the Treasury $30.4 billion in dividends after posting a third-quarter profit and will have more than offset its bailout costs,...
| Oct 15, 2013
| 2:39 PM
WASHINGTON -- Fitch Ratings on Tuesday put the U.S. AAA credit rating on watch for a potential downgrade because of the standoff over raising the nation's debt limit.
The company said it still believed the debt limit would be raised soon, but the...
| Nov 16, 2013
| 7:31 AM
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday.
Geithner, who was a major player in the...
| Nov 21, 2013
| 7:30 AM
WASHINGTON — The Treasury Department said Thursday it has sold an additional 70.2-million shares of General Motors Co. stock acquired as part of the automaker's bailout and expects to unload the rest by the end of the year.
The sale of the final...
| Sep 22, 2013
"The American people don't want the government shut down, and they don't want Obamacare. The House has listened to the American people."
That's what Speaker John A. Boehner (R-Ohio) said at the GOP's victory rally Friday after the House voted to pass...
| Oct 3, 2013
Much is in flux in Washington this week. But two important realities have remained constant, whether certain elements in the GOP accept them or not: We must not default on the federal debt, and we shouldn't wait until we're on the brink of default to...
| Nov 7, 2013
| 5:33 AM
WASHINGTON -- Seized mortgage finance giant Fannie Mae posted its seventh-straight quarterly profit in the July-through-September period and will pay the government $8.6 billion in dividends, bringing it close to offsetting the cost of its 2008 bailout,...
| Dec 4, 2013
Come New Year's Day, in Washington state and Colorado, marijuana will be legit, courtesy of two ballot initiatives. How do you create a legal business out of an illegal one? After 13 years of Prohibition, the country at least had an earlier legal liquor...
| Dec 20, 2013
| 3:46 PM
TEHRAN – Iranian lawmakers Friday threatened retaliation for a Senate bill that proposes tough new sanctions on Iran if the Islamic Republic fails to cooperate in upcoming negotiations aimed at curbing its nuclear program.
Mehdi Moussavinejad, a...