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U.S. Department of the Treasury

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Top U.S. Department of the Treasury Articles

Displaying items 12-22
  • How Did GM Pay Off the Loans Early?

     
    Following GM???s announcement today that it has repaid the $5.8 billion in U.S. and Canadian loans months ahead of schedule, you may be wondering how exactly the automaker managed this. The answer is a $16.4 billion escrow account set up......
  • Weekend Wrap: Back from the dead

     
    Good Monday morning from Washington. Here's a look at headlines you may have missed from the Trib's Washington bureau this weekend. * Democrats are now optimistic about passing long-stalled energy legislation, which "seemed virtually impossible a few...
  • Waters charges released by ethics committee

     
    by Mike Memoli The House ethics committee has released more information about the specific charges against Rep. Maxine Waters (D-CA), which will be heard at a rare open session of the panel next month. Documents made public today detail three......
  • GM Thanks Public for Bailout in Holiday Ad

     
    Just 16 months after emerging from bankruptcy, General Motors is again a publicly traded company and expects its first full year of profit since 2004. With the company in such good shape, the automaker will thank the public for their......
  • Chrysler Pays Off Government Loans

     
    Earlier this afternoon, Chrysler finished wiring nearly $6 billion to the U.S. government. The massive money transfer took hours to complete but comes at the tail end of nearly two years of federal involvement with the Auburn Hills, Mich., automaker.........
  • U.S. Government To Sell All GM Stock

     
    Within the next 12-15 months, you won???t have "Government Motors" to kick around anymore ??? the federal government and GM have announced a plan for the U.S. to begin selling its remaining stake in the automaker, starting today with a......
  • Good luck to Congress on Wall St pay cut

     
    by Frank James There was much at today's Senate Banking Committee hearing on the Treasury Department's proposed $700 billion bailout of Wall Street about executive compensation. Even Treasury Secretary Henry Paulson Jr., who himself made a fortune on Wall...
  • Paulson on bailout: Trust but verify

     
    by James Oliphant The Senate Banking Committee and the government's top economic experts are getting into the weeds of the Paulson plan. But there is one overarching theme emerging: Let Treasury handle it. Treasury Secretary Henry Paulson has repeatedly...
  • Bush: 'Urgent' economic action coming

     
    by Mark Silva "The whole word is watching,'' President Bush said this week of the economic intervention that his administration is urging Congress to take. And today, at the United Nations General Assembly, the president told the whole world that......
  • Storm clouds brewing for bailout plan?

     
    by James Oliphant It's still too early to tell, but is bipartisan support for the Paulson Plan eroding? Tuesday's Senate Banking Committee hearing kicked off with strong words from the ranking Republican on the panel, Sen. Richard Shelby of Alabama.......
  • Paulson: 'Immediate' bailout essential

     
    by Mark Silva Citing a "chain reaction'' of bad mortgage loans that have led to an impending federal bailout of the nation's financial institutions, Treasury Secretary Henry Paulson today will call on the Senate Banking Committee "to stabilize our...