The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.» Read More
*IRS auditing thousands of U.S. citizens in Israel. TEL AVIV, July 31- It was called the " Israel Project", an operation by the U.S. Internal Revenue Service that has uncovered false claims for child tax credits involving an estimated tens of millions of dollars filed by U.S. citizens living in Israel.
WASHINGTON— The U.S. government is proposing new rules for banks and other financial firms aimed at preventing the use of anonymous companies to launder illicit profits. The Treasury Department opened the proposal Wednesday to public comment for 60 days.
WASHINGTON, July 29- The United States on Tuesday slapped sanctions on VTB, the Bank of Moscow, the Russian Agriculture Bank and the United Shipbuilding Corp over Moscow's support for separatists in eastern Ukraine, the Treasury Department said.
According to the Treasury Department, the U.S. penalties target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia. Ahead of Obama's announcement, White House spokesman Josh Earnest welcomed the European sanctions.
Treasury Secretary Jack Lew spoke by phone with top ministers from Germany and other rich nations about pressuring Russia to stop its military support of Ukrainian separatists, the Treasury Department said on Tuesday.
WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged, while rates on three-month bills rose to their highest level in four weeks. The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 0.030 percent, up from 0.025 percent last week.
President Barack Obama could act without Congress to limit U.S. corporations moving their tax domiciles abroad in inversion deals, a tax expert says.
WASHINGTON, July 28- President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.
WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed several hundred transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
WASHINGTON, July 24- Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged and six-month bills dropping to their lowest level in three weeks. The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week.
CNBC's Jim Cramer asks Treasury Secretary Jack Lew if it is appropriate for federal officials to comment on individual market movements.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about the evolution of trade agreements and the real power of China. Lew says the global economy depends on a good U.S. China relationship.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about corporate tax inversions.
U.S. Treasury Secretary Jack Lew tells CNBC that cyber-security is no longer the sole responsibility of IT departments -- CEOs need to focus on 'cyber hygiene' as well. His comments came during an interview with CNBC's Jim Cramer at the Delivering Alpha conference on Wednesday.
In a wide-ranging conversation, Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about shoring up Internet safety, tax inversions, reforming GSEs, and hitting the U.S. debt ceiling.
Treasury Secretary Jack Lew, discusses how cyber intrusions are impacting and interrupting businesses and the U.S. financial systems.
At CNBC's Delivering Alpha Conference, Treasury Secretary Jack Lew addresses the concerns of cyberattack on the financial world.
An estimate from congressional research suggests the U.S. could miss out on billions from companies making acquisitions overseas.
WASHINGTON, July 11- The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday.