| Jan 8, 2013
| 11:46 AM
Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...
| 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....
| Mar 4, 2013
| 4:41 PM
Many Maryland businesses rely on a payroll service provider to handle their tax withholdings, but they still need to make sure the Internal Revenue Service gets its due.
That fact became evident in recent days, following allegations that a Bel Air...
| 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...
| Dec 18, 2012
| 5:54 PM
The Treasury Department said Tuesday that it would auction off securities it acquired in 53 banks, including two in Maryland.
The government acquired these preferred shares and subordinated debt positions as part of the Trouble Asset Relief Program,...
| Nov 16, 2012
| 4:17 PM
Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks have rushed for the exit.
"We did it as an abundance of caution," said Ed Thomas, president of the parent of Bank of...
| Feb 22, 2013
| 11:57 AM
Mika J. Cross, a human resources manager for the U.S. Department of Agriculture, sometimes uses a laptop issued by the agency. But she is far more likely to check email or collaborate with colleagues on one of her two personal computers.
| Nov 10, 2012
| 11:08 AM
Patty Snodgrass had qualified to run in her first New York City Marathon three years ago, but injuries derailed the retired U.S. Treasury Department employee from fulfilling that dream. She was going to use what is essentially a rain check from the New...
| Nov 21, 2012
| 6:00 AM
In his recent press conference, President Barack Obama again claimed his plan to reduce the deficit and avoid the fiscal cliff would mean that "97 percent of small businesses are not going to see their taxes go up." But this is, to put it politely,...
| Mar 14, 2010
The fastest-growing segment of the population these days: centenarians.
That might be a testament to medical advances, but it doesn't bode well for a nation of notoriously poor savers.
This has many financial experts and policymakers worried about how...
| Jan 21, 2011
| 10:45 AM
Hip-hop mogul Russell Simmons is hawking a prepaid card. Reality TV star Kim Kardashian briefly offered a prepaid card before it was pulled off the market. Then earlier this month, the Treasury Department announced that it would allow some taxpayers to...
| Nov 5, 2011
| 4:49 PM
A Tampa-based company plans to begin offering flights next spring from BWI-Marshall Airport to Cuba, where travel has been restricted since 1961, shortly after Fidel Castro took power and nationalized U.S.-owned businesses.
But visitors shouldn't count...