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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 12-22
  • Foreign investors buy long-term U.S. assets in August

    NEW YORK (Reuters) - Foreigners added to their long-term U.S. securities in August by the most since February, snapping two months of net sales of such U.S. assets, data from the U.S. Treasury Department showed on Thursday. Net purchases of long-term U....
  • Exclusive: Commerzbank settlement with U.S. postponed amid probe

    NEW YORK (Reuters) - Commerzbank AG's settlement with U.S. authorities over alleged sanctions violations has been postponed, possibly until the end of the year, as prosecutors seek to coordinate the resolution of a separate probe stemming from...
  • AbbVie's board recommends shareholders nix Shire tax inversion deal

    The board of directors of Illinois drug maker AbbVie Inc. has recommended shareholders vote against the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of the financial benefits of the $52-billion deal. The...
  • Obama's myRA accounts come up short for savers

    Obama's myRA accounts come up short for savers
    President Obama's legacy will probably not include retirement savings accounts, but he did point the way to a promising option this year: a government-sponsored account, aimed at the millions of workers without access to an employer plan. As with so...
  • AbbVie reconsiders Shire purchase, cites tax inversion crackdown

    New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect. Drug maker AbbVie Inc. said Wednesday that it is reconsidering its planned purchase of European rival Shire and...
  • AbbVie reconsiders its option with Shire

     AbbVie reconsiders its option with Shire
    AbbVie's surprise announcement late Tuesday that it is having second thoughts about its proposed acquisition of Shire raises numerous questions about the future of the deal. The North Chicago-based drugmaker said its board of directors will take...
  • AbbVie cools on $55 billion Shire deal after U.S. tax changes

    LONDON (Reuters) - U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut taxes, wiping as much as $13 billion off the London-listed firm's stock...
  • U.S. warns Europe on deflation, says ECB actions may fall short

    WASHINGTON (Reuters) - The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a...
  • Federal deficit down, debt still rising

    WASHINGTON The federal deficit fell sharply in the fiscal year that ended Sept. 30 but the federal debt continues to rise. The deficit for the recent fiscal year totaled an estimated $483 billion, the Treasury Department said Wednesday. That's roughly...
  • U.S. budget deficit lowest since 2008: Treasury

    WASHINGTON (Reuters) - The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said....
  • Hedge funds bleed as AbbVie reconsiders Shire bid

    LONDON (Reuters) - Some of the world's best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie's decision to reconsider its $55 billion bid for the British healthcare group. Data...