Stories tagged: Treasury Department
SATURDAY, FEB. 11, 2017, 1:59 P.M.
Records dispute Mnuchin’s denial of mortgage-crisis ‘robosigning’
King County foreclosure records indicate a bank founded by Steven Mnuchin, who is up for a Senate confirmation vote Monday as the nation’s treasury secretary under President Donald Trump, engaged …
UPDATED: THURSDAY, JAN. 19, 2017, 10:27 P.M.
Treasury pick emerges smiling from testy hearing
Treasury nominee Steven Mnuchin spent 17 years working at Goldman Sachs, part of what President-elect Donald Trump once called the “global power structure” that has “robbed” American workers. Mnuchin’s financial …
WEDNESDAY, NOV. 30, 2016, 7:55 A.M.
Treasury nominee Mnuchin was Trump’s top fundraiser
Steven Mnuchin, President-elect Donald Trump’s expected choice to be the nation’s 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period …
MONDAY, NOV. 14, 2016, 1:15 P.M.
Trump advisers said to recommend ex-Goldman partner Steven Mnuchin for Treasury
Former Goldman Sachs partner Steven Mnuchin has been recommended by Donald Trump’s transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice …
WEDNESDAY, AUG. 24, 2016, 11:17 A.M.
U.S. paid $1.3 billion to Iran 2 days after cash delivery
The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 …
WEDNESDAY, AUG. 10, 2016, 5:12 P.M.
U.S. registers $113 billion budget deficit in July
The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10 percent higher than a year ago.
TUESDAY, APRIL 12, 2016, 6:09 P.M.
U.S. budget deficit up sharply to $108 billion in March
The federal government’s budget deficit rose sharply in March, pushing the deficit for the first six months of this budget year above the same period a year ago.
UPDATED: THURSDAY, OCT. 22, 2015, 8:09 P.M.
Treasury postpones bond auction as debt-limit deadline approaches
The Treasury Department Thursday postponed an auction of government bonds scheduled for next week because of concerns that it would not be able to complete the sales because the nation …
WEDNESDAY, DEC. 19, 2012, 3:11 P.M.
U.S. selling stake in GM
DETROIT — The U.S. government’s short stint in the auto business is coming to an end. The Treasury Department said today that it will sell its remaining stake in General …
WEDNESDAY, APRIL 28, 2010, 11:38 A.M.
Fed keeps rates at record lows; upbeat on economy
The Federal Reserve sounded a more confident note Wednesday that the economy is strengthening but pledged to hold rates at record lows to make sure it gains traction.
WEDNESDAY, APRIL 21, 2010, 11:55 A.M.
Taxpayers got even bigger windfall from Fed
Taxpayers got a record $47.4 billion last year from the Federal Reserve, new documents released Wednesday showed.
TUESDAY, JAN. 12, 2010, 8:08 A.M.
Fed paid record $46.1B to Treasury last year
The Federal Reserve paid a record $46.1 billion in earnings to the Treasury Department last year, reflecting gains as the central bank bulked up its portfolio of securities to revive …
MONDAY, JUNE 8, 2009
Some banks will get leave to repay Treasury loans
WASHINGTON – The Obama administration plans to announce as soon as today that some of the nation’s largest banks can repay billions in federal aid, but some officials caution that …
MONDAY, MARCH 23, 2009
Bank plan shares risks
WASHINGTON – The Obama administration’s latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, …
FRIDAY, MARCH 20, 2009
Business in brief: Fine suggested against Verizon Northwest
The Washington Utilities and Transportation Commission staff is recommending that Verizon Northwest be fined for overcharging some low-income state phone customers. In a complaint filed recently, the WUTC staff asked …
MONDAY, MARCH 9, 2009
Obama names treasury hirees
President Barack Obama has chosen three people to join the senior ranks of the Treasury Department, where a slow pace of hiring has put the agency on the defensive. The …
WEDNESDAY, MARCH 4, 2009, 7:49 A.M.
Obama administration launches housing plan
The Obama administration kicked off a new program Wednesday that’s designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified …
WEDNESDAY, MARCH 4, 2009
Plan unveiled to boost lending
WASHINGTON – Hoping to vault over the frozen credit markets and directly reach consumers and businesses, the Federal Reserve and Treasury Department on Tuesday unveiled a $200 billion plan they …
WEDNESDAY, FEB. 11, 2009
Market balks at bailout rollout
WASHINGTON – Treasury Secretary Timothy Geithner vowed Tuesday to bring the “full force” of the U.S. government to battle the financial crisis, assembling an unprecedented coalition of agencies and mustering …
WEDNESDAY, FEB. 4, 2009
Washington Trust gets capital infusion
The U.S. Treasury Department announced Tuesday it will invest $110 million in W.T.B. Financial Corp., the corporate parent of Washington Trust Bank. Washington Trust President Jack Heath said the privately …
TUESDAY, JAN. 27, 2009
Senate confirms Treasury nominee
WASHINGTON – Timothy Geithner was confirmed by the Senate on Monday as Treasury secretary and will immediately face tough sledding as the Obama administration prepares to spend hundreds of billions …
FRIDAY, JAN. 23, 2009
Geithner takes aim at China
WASHINGTON – As Timothy Geithner moved closer Thursday to confirmation as the next Treasury secretary, he signaled a confrontational shift in the U.S. economic relationship with China, bluntly stating that …
THURSDAY, JAN. 22, 2009
Geithner approval moves closer
WASHINGTON – Timothy Geithner apologized to Congress Wednesday for what he called “careless mistakes” in failing to pay $34,000 in taxes and moved closer to confirmation as treasury secretary and …
WEDNESDAY, JAN. 14, 2009
Treasury nominee explains tax errors
WASHINGTON – Timothy Geithner, the man tapped to lead the nation out of the greatest economic crisis in decades – and who would oversee the Internal Revenue Service – trekked …