| Sep 11, 2013
| 3:43 PM
The Treasury Department announced it intends to sell securities of six banks, including Severn Bancorp Inc. of Annapolis, as it winds down the Troubled Asset Relief Program.
TARP was created five years ago to stabilize the country's financial system...
| Sep 7, 2013
| 12:56 PM
Lester A. Houck, a retired Treasury Department worker who was the oldest member of Wesley United Methodist Church, died Aug. 16 of liver failure at Vir-Les, his Westminster farm. He was 101.
The son of farmers, Lester Adelbert Houck was born on the...
| Aug 29, 2013
| 4:42 PM
Legally married same-sex couples will be recognized for federal tax purposes no matter what state they live in, the Internal Revenue Service and the Treasury Department announced Thursday.
The policy change follows the Supreme Court decision in June...
| Jul 31, 2013
| 3:40 PM
President Barack Obama has appointed Sarah Bloom Raskin, a former top Maryland financial regulator, as deputy secretary of the U.S. Treasury Department, the White House announced late Wednesday.
Raskin, 52, has served as a governor of the Federal...
| Jul 9, 2013
| 9:07 AM
Maryland institutions have increased their lending to small business under a federal program by nearly $337.7 million since the low point of the recession, the U.S. Department of the Treasury announced Tuesday.
Nationally, banks raised their lending...
| Jul 2, 2013
| 7:07 PM
— The Obama administration plans to postpone a key requirement of the president's health law, delaying until 2015 penalties on large employers that don't offer health coverage.
The one-year delay, announced by the Treasury Department late...
| Jul 3, 2013
| 6:14 PM
The owners of the Shanty Grille restaurant in Ellicott City breathed a sigh of relief when the Obama administration delayed for a year penalties on businesses that do not provide health insurance to employees.
For months, they fretted about how they were...
| Jul 1, 2013
| 3:48 PM
Supplemental Security Income payments to adults and children with disabilities were temporarily unavailable during an intermittent outage in the early-morning hours Monday, the U.S. Treasury Department's Bureau of Fiscal Service said Monday.
| Jun 22, 2013
| 6:52 AM
Maryland's housing market is improving, but many homeowners still face trouble.
Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the...
| Jun 17, 2013
| 7:52 AM
President Harry S. Truman's famous adage — "The buck stops here" — sat on his desk in the Oval Office as a clear reminder that as president, he was responsible for the decisions he made and what happened in his administration. It sent a...
| Jan 16, 2013
TARP, the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008, is finally over. The Treasury Department recently announced it will soon be completing the sale of the remaining shares it owns of the banks and of General Motors....
| Jan 4, 2013
| 2:55 PM
The plan to move 450 jobs from the Financial Management Services facility in Hyattsville to West Virginia has been postponed for five years.
The move — proposed by the Obama administration to save $96 million over five years — was set to...