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US Treasury News

News on US Treasury continually updated from thousands of sources around the net.

11 hrs ago | HendersonvilleNews.com

Britain and U.S. Clash at G-20 on Tax to Insure Against Crises

ST. ANDREWS, Scotland - The United States and Britain voiced disagreement Saturday over a proposal that would impose a new tax on financial transactions to support future bank rescues.

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Related Topix: Fife County, Scotland, World News, United Kingdom, US News

19 hrs ago | Politico

W.H.: New measures aren't a stimulus

Whatever you do, don't call it a stimulus. Battered by a grim new unemployment figure of 10.2 percent Friday, the White House and Treasury Department began talking about new but unspecified measures to improve the economy and generate jobs.

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Related Topix: US News, US Politics, Barack Obama

Sat Nov 07, 2009

Myrtle Beach Online

You've seen the TV ads. So what is Ally Bank?

Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry.

1 comment

Related Topix: US Bancorp, Banking, Financial Services, Automakers, General Motors, US News, Home, Mortgage, Personal Finance

Fri Nov 06, 2009

New Mexico Business Weekly

Fannie Mae loses $19B, seeks more aid

Fannie Mae reported another big loss for its latest quarter and is seeking to tap Treasury Department funds to keep it afloat for the fourth time.

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Related Topix: Financial Services, Fannie Mae, US News

NY Daily News

Former Citibank CEO: Sorry I built Citigroup

John S. Reed , who helped engineer the merger that created Citigroup Inc. , apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.

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Related Topix: Banking, Financial Services, Citigroup, New York Metro, US News

Thu Nov 05, 2009

Myrtle Beach Online

Fannie Mae seeks $15 bln in US aid after 3Q loss

Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as taxpayers' bill from the housing market bust keeps getting bigger.

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Related Topix: Financial Services, Fannie Mae, Home, Mortgage, Personal Finance, US News, Financial Markets, Investment Banking, Goldman Sachs Group, Investment Services

Fox News

Treasury Expects To Borrow $276 Bln This Quarter

The U.S. government is expected to borrow $276 billion in the final three months of the year, the Treasury Department said Monday.

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Related Topix: US News, Business News

Wed Nov 04, 2009

NY Daily News

Atlantic Yards project could get $55M boost from feds

The developer of the troubled Atlantic Yards project is getting a $55 million shot in the arm from the federal government.

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Related Topix: US News, Real Estate, Forest City Enterprises

Bloomberg Business News

Pandit's `Near Death' Cash Hoard Signals Lower Profits Ahead at U.S. Banks

Citigroup Inc. and JPMorgan Chase & Co. are hoarding cash as if another crisis were on the way.

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Related Topix: Banking, Financial Services, Citigroup, JP Morgan Chase , Investment Banking, Lehman Brothers Holdings, Investment Services, Economics News, Bankruptcy, US News

Tue Nov 03, 2009

Seattle Post-Intelligencer

US: G-20 talks focus on sustainable global growth

The world's top finance officials this week plan to develop a peer review process to ensure their economic policies avoid the trade and budget imbalances that contributed to last year's financial crisis, a Treasury Department official said Tuesday.

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Related Topix: US News

Clover Herald

GM uses $2.8B in govt funds to buy part of Delphi

General Motors Co. said it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division.

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Related Topix: Manufacturing, Automakers, Delphi, Financial Services, Securities and Exchange Commission, Corporate / Securities Law, Law, US News, Economics News, Bankruptcy

Joplin Globe

a Pay czar,a Fed move forward on compensation plans

The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.

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Related Topix: US News, Banking, Bank of America, Financial Services, Insurance, American International Group, Citigroup

Forbes

What To Know About CIT

How the firm's bankruptcy will impact Carl Icahn, bond investors, the Treasury Department and stockholders.

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Related Topix: CIT Group, Financial Services, Economics News, Bankruptcy, US News, Investment Banking, Goldman Sachs Group, Investment Services

Mon Nov 02, 2009

The Oregonian

GAO: Full recovery of auto investment unlikely

Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.

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Related Topix: US News, US Politics

ABC News

Treasury May Block Goldman, Fannie Deal

Goldman is reportedly in talks with Fannie to buy millions of dollars in tax credits, but Treasury stands in the way of the deal.

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Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, US News, US Politics, Luis Gutierrez, US House of Representatives, Democrat

Sun Nov 01, 2009

Examiner.com

New world order part 1: The Fed

The Federal Reserve Act was signed into law in 1913 by President Woodrow Wilson, but in his book " The New Freedom: A Call For the Emancipation of the Generous Energies of a People " it is clear that he was not in favor of centralized credit monopolies such as the Federal Reserve Bank stating "the control of credit also has become dangerously ...

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Related Topix: Federal Reserve Bank, Business News, US News

Sat Oct 31, 2009

Charleston Daily Mail

Greeley call center to close, cutting 127 jobs

Financial services provider GMAC says it will close a call center in Greeley by the end of March, eliminating 127 jobs.

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Related Topix: Denver Metro, Greeley, CO, Greeley Metro, US News

CNN Money

About to 'bust through the ceiling'

Roughly $211 billion separates what the country owes and its self-imposed credit limit.

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Related Topix: US News, Financial Markets

Real Time Economics

Key Parts of Financial Stability Improvement Act

Here are some key parts of the draft legislation hashed out between House Financial Services Committee Chairman Barney Frank and the Treasury Department.

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Related Topix: US Politics, US News, US House of Representatives, Barney Frank, Democrat, Corporate / Securities Law, Law

Fri Oct 30, 2009

Hispanic Business

Clash of Titans Over Financial Reform

Top U.S. regulators clashed in Washington in separate testimony on the same day concerning a major Treasury Department initiative to reshape future bailouts.

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Related Topix: US News, Financial Services, US Politics, Republican, US House of Representatives, Spencer Bachus

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