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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 23-33
  • Secret Service disarray fuels questions over Obama's safety

    Secret Service disarray fuels questions over Obama's safety
    WASHINGTON - When Secret Service officer Timothy McCarthy took a bullet to protect Ronald Reagan in a 1981 assassination attempt and agent Jerry Parr shoved the president into a limousine, their quick reflexes projected a Hollywood-style image of...
  • Salix Pharmaceuticals drops tax inversion deal amid backlash

    Salix Pharmaceuticals drops tax inversion deal amid backlash
    Salix Pharmaceuticals called off its merger with a foreign drug maker Friday, citing the political backlash against tax inversion deals. The deals—in which a company reincorporates abroad to gain lower taxes—drew fire this summer after...
  • Fashion district crackdown: Strict cash reporting ordered after raids

    Fashion district crackdown: Strict cash reporting ordered after raids
    Federal authorities cracking down on suspected money laundering linked to Mexican drug cartels said they warned about 2,000 businesses in the downtown Los Angeles fashion district Thursday that they must follow stricter rules on reporting cash...
  • U.S. tightens scrutiny of fashion district for money laundering

    U.S. tightens scrutiny of fashion district for money laundering
    As the first few customers trickled into downtown Los Angeles' fashion district, two stern-looking men in suits carrying leather portfolios strolled into John Hong's wholesale store, which sells women's skinny jeans. The men, who were federal agents,...
  • The Obama administration's incomplete answer to corporate inversions

    Obama administration officials freely admit that their new effort to deter corporate inversions -- a form of accounting fiction U.S. corporations are increasingly using to avoid taxes on income they earn in foreign countries -- won't actually stop the...
  • Shares of Fannie Mae, Freddie Mac plunge after lawsuit dismissed

    Shares of Fannie Mae, Freddie Mac plunge after lawsuit dismissed
    Shares of Fannie Mae and Freddie Mac plunged Wednesday after a judge threw out an investor lawsuit that sought to stop the government from requiring the mortgage finance companies to pay a quarterly dividend to the Treasury. The common shares of the...
  • Airstrikes target oil refineries in Syria held by Islamic extremists

    Making the first major push to choke off financing for Islamic State, U.S. and allied Arab warplanes bombed a dozen small oil refineries in eastern Syria on Wednesday that U.S. officials said were part of a $2 million-a-day revenue stream for the Sunni...
  • U.S. Bank to pay penalties, refunds for services sold but not provided

    U.S. Bank to pay penalties, refunds for services sold but not provided
    Federal regulators have ordered U.S. Bancorp to pay $57 million in restitution and penalties for charging customers for identity-protection and credit-monitoring services they never received. The Consumer Financial Protection Bureau said Thursday that...
  • Stricter tax inversion rules punish stocks of firms mulling such moves

    The Obama administration's tougher rules on offshore corporate inversions had an immediate effect Tuesday, pushing down the stock prices of companies considering such moves. But the highly technical changes to the tax code did not appear to go far...
  • Recess, sewer hookups, and speeder: Letters

    Recess, sewer hookups, and speeder: Letters
    The case for recess How sad that some elementary-school principals find no value in recess for young students. For centuries, the notion that a healthy body is necessary for a healthy mind has been accepted by most educated people. The ancient...
  • 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....