The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.» Read More
The Treasury is warning that the economy could plunge into a downturn worse than the Great Recession if the country defaults on its debt obligations.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.
CNBC's Eamon Javers reports Treasury Secretary Jack Lew has said he is now using all "extraordinary measures" in order to keep to the government default deadline of October 17.
Prudential Financial said U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight.
Legal same-sex marriages will be recognized for federal tax purposes, the Obama administration said, allowing couples to claim the same tax benefits as heterosexual couples.
This billion-dollar portfolio manager says Treasury yields will drop, but not because of the debt ceiling or Syria.
Bob Cusack, The Hill managing editor, and Tony Fratto, Hamilton Place Strategies, discuss whether Congress will be able to negotiate a solution to the nation's debt problem.
CNBC's John Harwood shares highlights from his interview with the Treasury's Jack Lew. And Jared Bernstein, Center on Budget and Policy Priorities, and former Sen. Kay Bailey Hutchison, discuss the stalemate on Capitol Hill over spending and debt limits.
Treasury Secretary Jack Lew says the White House will not accept a delay or partial defunding of Obamacare, reports CNBC's John Harwood, with highlights from his interview with Lew earlier this morning. And Joe Watkins, former George H.W. Bush White House official, and Jimmy Williams, MSNBC contributor, weigh in.
Treasury Secretary Jack Lew explains why he is urging Congress to raise the debt ceiling as the nation fast approaches its debt limit by mid-October, with CNBC's John Harwood.
CNBC's John Harwood reports Lawrence "Larry" Summers is a front runner in the race to replace Ben Bernanke; and Treasury Secretary Jack Lew has warned Congress the government will reach its debt limit sometime in mid-October.
Treasury Secretary pressed Congress to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October.
Three years after Dodd-Frank was passed, the alphabet soup of banking regulators collaborating to write some 400 new industry rules are just 39 percent done.
Former Rep. Barney Frank on Monday dismissed calls to bring back a Depression-era law that divided commercial and investment banking.
Treasury Secretary Jack Lew said "we need to do more to create jobs and accelerate growth" at today's Delivering Alpha conference. Jared Bernstein, Former VP Biden chief economist; Jim Pethokoukis, American Enterprise Institute; and Art Laffer, Former Reagan economic adviser, discuss the administration's growth message.
Bank of America earnings likely signal a turning point for the country's second-largest bank, and the company may be best in breed, CNBC's Jim Cramer says.
Treasury Secretary Jack Lew talks with CNBC's Steve Liesman about the "melt down" in the government sponsored enterprises and the debate over the debt limit.
Treasury Secretary Jack Lew gives the keynote speech at CNBC's "Delivering Alpha" conference. In his Wall Street debut, Lew discusses financial reform and the Dodd-Frank Act.
Treasury Secretary Jack Lew talks with CNBC's Steve Liesman about the controversy surrounding financial reform and ending too big to fail.