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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 100-110
  • Suit alleges Vanguard Group wrongly avoids paying taxes

    Vanguard Group Inc. stands atop the mutual fund business, and credits its "unique" structure: The largest mutual fund company is owned, not by for-profit investors, but by more than 100 of Vanguard's own mutual funds, which are owned by millions of...
  • ExxonMobil said to halt drilling in $700-million project in Russia

    ExxonMobil said to halt drilling in $700-million project in Russia
    ExxonMobil has halted drilling on its platform in the Kara Sea and begun shutting down its $700-million joint venture with Russia's Rosneft energy giant to comply with U.S. sanctions that take effect next week, energy industry sources reported Friday....
  • Savings accounts may be on the way back

    An old-fashioned banking product that has fallen on hard times may be making a comeback with school kids. Passbook savings accounts are the centerpiece of a pilot program being launched this fall by the Federal Deposit Insurance Corp., which is hoping to...
  • L.A. fashion district firms raided in cartel money laundering probe

    L.A. fashion district firms raided in cartel money laundering probe
    Sinaloa cartel bosses had a problem. They were holding a hostage and needed to get the $140,000 ransom his family agreed to pay from the United States to Mexico in the form of pesos. Worried a wire transfer would alert authorities, the drug...
  • Got HAMP? If so, your mortgage may increase soon

    Got HAMP? If so, your mortgage may increase soon
    There is a fair amount of payment shock headed toward select groups of homeowners with mortgages. The reckoning has already started for people who took out home equity lines of credit a decade ago, when homes were appreciating handsomely. What started...
  • America's hangover from the heady Clinton years

    To the editor: Bill Clinton's high approval ratings prove that Americans have very short memories or are ignorant of the facts. ("How Bill Clinton, improbably, became America's favorite politician," Sept. 10) His administration is largely responsible...
  • IRS to recognize legal same-sex marriages nationwide

    IRS to recognize legal same-sex marriages nationwide
    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...
  • Visit to Cuba turns into a long trip back in time

    Visit to Cuba turns into a long trip back in time
    Colorful, crumbling and controversial, Cuba is caught between then and now, between communism and capitalism and the challenge of two currencies. Thanks to a loosening of travel restrictions for Cuban-Americans by President Barack Obama, Cubans are...
  • Taxpayers' loss on GM bailout looks to be about $10 billion

    Taxpayers' loss on GM bailout looks to be about $10 billion
    The U.S. Treasury’s deal to sell 30 million shares of General Motors Co. will recoup taxpayers another $1 billion of the bailout money the government put into the automaker back in 2009. All told, taxpayers have recovered $32.5 billion of the $49....
  • GM first-quarter profits dip on losses in Europe, South America

    GM first-quarter profits dip on losses in Europe, South America
    General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America. Profit for the nation’s largest automaker profit fell 14% to $865 million...
  • Treasury will divest 30 million more General Motors shares

    Treasury will divest  30 million more General Motors shares
    The U.S. Treasury said it plans to sell 30 million additional shares of General Motors Co. stock that it acquired as part of the 2009 bailout of the automaker. The stock will be sold later this month in a public offering in conjunction with GM’s...