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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
  • 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...
  • Don't wait on the debt limit

    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...
  • 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...
  • Obama won't negotiate on debt limit, Treasury Secretary Lew says

    Obama won't negotiate on debt limit, Treasury Secretary Lew says
    WASHINGTON -- President Obama will not bargain with lawmakers about attaching conditions to an increase in the debt limit, saying Congress has the responsibility to ensure that the nation's bills are paid and the government doesn't default, Treasury...
  • 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...
  • Treasury chief presses Congress to raise debt limit as deadline nears

    Treasury chief presses Congress to raise debt limit as deadline nears
    WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
  • Obama offers plan for Americans who lack 401(k) retirement accounts

    President Obama’s plan for a new type of retirement account may help some Americans, but it’s unlikely to be a panacea for the U.S. retirement crisis. In his State of the Union address Tuesday night, Obama proposed new accounts that would be...
  • As U.S. hits debt limit, business group urges Congress to raise it

    As U.S. hits debt limit, business group urges Congress to raise it
    WASHINGTON -- As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy. The Business Roundtable sent a letter to House and Senate leaders Thursday night warning that...
  • More legal trouble for Affordable Care Act

    WASHINGTON— If computer glitches are not enough of a problem, President Obama's healthcare law also has a legal glitch that critics say could cause it to unravel in more than half the nation. The Affordable Care Act proposes to make health...
  • 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...