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  • Feb 25- Doral Financial Corp said on Wednesday it intends to fight an appeals court ruling that overturned a lower court decision to grant the embattled lender a $229 million tax refund that was contested by Puerto Rico's Treasury Department. On Jan. 26, the FDIC issued a Prompt Corrective Action Directive ordering the bank to increase its capital within 30 days...

  • WASHINGTON, Feb 24- President Barack Obama plans to nominate Amias Gerety, a counselor at the Treasury Department, as assistant secretary for Financial Institutions, the White House said on Tuesday.

  • Treasury issues reprieve for health law tax errors Tuesday, 24 Feb 2015 | 4:00 PM ET

    WASHINGTON— Taxpayers who've filed their 2014 returns only to learn that the government provided them with erroneous information on health care subsidies won't be required to submit corrected returns, the Treasury Department said Tuesday. "The IRS will not pursue the collection of any additional taxes from these individuals based on updated information...

  • US Treasury bills mixed at weekly auction Monday, 23 Feb 2015 | 5:29 PM ET

    The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.020 percent, up from 0.015 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.065 percent, unchanged from last week. For a $10,000 bill, the three-month price was $9,999.49 while a six-month bill sold for $9,996.71.

  • Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings. The Treasury Department said Wednesday that foreign holdings increased 0.7 percent in December to a record $6.15 trillion following a 0.9 percent increase in November.

  • Rates at weekly US Treasury bill auction fall Tuesday, 17 Feb 2015 | 7:22 PM ET

    The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.065 percent, down from 0.085 percent last week. For a $10,000 bill, the three-month price was $9,999.62 while a six-month bill sold for $9,996.71.

  • U.S. budget deficit widens a bit in January Wednesday, 11 Feb 2015 | 2:00 PM ET

    WASHINGTON, Feb 11- The U.S. budget deficit widened slightly in January, fueled in part by higher spending on government health care services for low-income Americans, according to data released by the Treasury Department on Wednesday. Compared with a year earlier, Washington spent $5 billion more on Medicaid, which provides health insurance for lower-income...

  • WASHINGTON, Feb 3- The U.S. government's top financial research group on Tuesday launched a new website, a move aimed at helping it gain a greater profile separate from the Treasury Department, which houses the powerful agency. The Office of Financial Research was set up after the 2007-09 credit meltdown to help regulators map financial markets and has the power...

  • DC has target on Wall Streeters: Evercore CEO Friday, 30 Jan 2015 | 11:40 AM ET
    Ralph Schlosstein, Evercore Partners

    The case of Antonio Weiss shows that Congress will not confirm successful candidates from Wall Street, Evercore CEO Ralph Schlosstein told CNBC.

  • WASHINGTON, Jan 28- The Obama administration estimates that up to 29 percent of U.S. taxpayers could have to take the law known as Obamacare into account as they complete their 2014 income tax returns, officials said on Wednesday. Treasury expectations for about 150 million income tax filings, which are due to the Internal Revenue Service by an April 15 deadline.

  • Obamacare tax could hit 6M, but lots more avoid Wednesday, 28 Jan 2015 | 4:11 PM ET
    U.S. Secretary of Health and Human Services Sylvia Burwell

    Obama administration officials have partnered with large tax preparers and nonprofits to educate people about the tax effects of Obamacare.

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • Lew: Strong US dollar is 'good for the world' Friday, 23 Jan 2015 | 8:40 AM ET
    Jack Lew at Davos, January 23, 2015

    As global central banks make moves to weaken their currencies, Treasury Secretary Jack Lew tells CNBC a stronger U.S. dollar is good for everyone.

  • Need to fix our broken tax code: Jack Lew  Friday, 23 Jan 2015 | 8:18 AM ET
    Jack Lew at the 2015 WEF in Davos, Switzerland.

    Treasury Secretary Jack Lew, shares his views on tax reform.

  • Strong US dollar: Jack Lew  Friday, 23 Jan 2015 | 8:17 AM ET
    Jack Lew at the 2015 WEF in Davos, Switzerland.

    Treasury Secretary Jack Lew, weighs in on U.S. monetary policy and the strong dollar.

  • DIARY- Top Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:01 PM ET

    Treasury Secretary Jacob Lew will preside over an open session of the Financial Stability Oversight Council at the Treasury Department. WASHINGTON- Federal Reserve chair Janet Yellen participates in open session of the Financial Stability Oversight Council meeting- 1930 GMT. LONDON- Bank of England will release the minutes from its January policy meeting-...

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • U.S. budget surplus at $2 billion at end of December Tuesday, 13 Jan 2015 | 2:00 PM ET

    WASHINGTON, Jan 13- The U.S. budget surplus was $2 billion at the end of December, down 96 percent from the same period last year, according to data released by the Treasury Department on Tuesday. The fiscal year-to-date deficit at the end of December was $177 billion compared with a deficit of $173 billion in the comparable period last year. Receipts for the month...

  • Inside North Korea's international money machine Tuesday, 13 Jan 2015 | 1:47 PM ET
    North Korean leader Kim Jong Un.

    Beyond sanctions, U.S. officials are hoping to further target and isolate North Korea's international finance machine.

  • Progressive Democrats and the 2016 conundrum Tuesday, 13 Jan 2015 | 11:49 AM ET
    Elizabeth Warren and Antonio Weiss

    Sen. Elizabeth Warren's knockout of Treasury nominee Antonio Weiss carries consequences for the 2016 general election, Politico's Ben White says.