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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 111-121
  • Treasury sells more GM stock, expects to sell the rest by year's end

    Treasury sells more GM stock, expects to sell the rest by year's end
    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...
  • What could happen if the U.S. defaults?

    What could happen if the U.S. defaults?
    NEW YORK – The prospect of a U.S. debt default has unnerved investors, corporate executives and foreign leaders. What's so troubling about Congress failing to raise the nation’s debt ceiling by Thursday? Here are basic facts about the debt...
  • Fannie Mae posts third-quarter profit, to pay government $8.6 billion

    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,...
  • IMF official urges U.S. to get 'its act together' and raise debt limit

    IMF official urges U.S. to get 'its act together' and raise debt limit
    WASHINGTON -- The U.S. needs to get "its act together" and raise the debt limit before a default derails the nation's recovery and damages the world economy, a top International Monetary Fund official said Wednesday. Short-term interest rates have risen...
  • Private sector added disappointing 166,000 new jobs in September

    Private sector added disappointing 166,000 new jobs in September
    WASHINGTON -- The private sector added a disappointing 166,000 net new jobs last month and significantly revised down its estimate for August in a sign that labor market growth weakened through the summer, payroll processing firm ADP said Wednesday. The...
  • S&P: Budget, debt fights unlikely to send U.S. credit rating down

    WASHINGTON -- Standard & Poor's said Monday that the current impasse over funding the federal government and raising the debt limit probably would not lead to another downgrade of the U.S. credit rating -- as long as the stalemate didn't last long....
  • Mark Kleiman, pot's go-to guy

     Mark Kleiman, pot's go-to guy
    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...
  • Raising debt limit: Treasury's Lew warns Congress it's risky to delay

    Raising debt limit: Treasury's Lew warns Congress it's risky to delay
    WASHINGTON -- As the nation fast approaches its debt limit, Treasury Secretary Jacob J. Lew on Tuesday issued his strongest warning yet to Congress about the economic consequences of waiting until just before the deadline to pass an increase. "Trying to...
  • Government shutdown doesn't buy much more time on debt limit

    Government shutdown doesn't buy much more time on debt limit
    WASHINGTON -- The partial government shutdown reduces the federal government's expenses but not enough to significantly push back the mid-October date by which the debt limit needs to be raised, according to Treasury Department officials and a think-...
  • Global wine shortage? Here's a rundown of top 10 domestic sources

    Wine lovers received some alarming news recently: Morgan Stanley issued a report this week projecting a global wine shortage. As my colleague David Pierson reported Wednesday, poor weather ravaged European vineyards,  causing global production to dip to...
  • Treasury to sell $3 billion of stock in bailed-out Ally Financial

    The wind-down of the bailout continues. The Obama administration has decided to sell about $3 billion of the government’s common stock holdings in Ally Financial Inc., a former General Motors Corp. lending arm propped up with taxpayer assistance...