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Treasury Department

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  • Rates rise at weekly US Treasury bill auction Monday, 22 Dec 2014 | 5:17 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.055 percent, up from 0.035 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.155 percent, up from 0.110 percent last week. For a $10,000 bill, the three-month price was $9,998.63, while a six-month bill sold for $9,992.21.

  • WICHITA, Kan.— President Barack Obama's announcement this week to normalize diplomatic relations with Cuba and ease some economic restrictions has been closely followed in Kansas, as the move could open up a major market for winter wheat producers. The Republican senator urged the Treasury Department to immediately rewrite cumbersome regulations that...

  • WASHINGTON, Dec 19- President Barack Obama on Friday said he would ban exports of goods, technology or services to Ukraine's Crimea region, and called on Russia to end its annexation of the region. Obama also authorized the Treasury Department to impose sanctions on individuals and companies operating in the region. In a statement, Obama said his order "is...

  • Dec 18- The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday. The stake is worth about $1.25 billion, based on Ally's Thursday closing price of $22.75 on the New York Stock Exchange. Ally also said in the regulatory filing it had agreed to...

  • Government selling last stake in Ally Financial Thursday, 18 Dec 2014 | 7:20 PM ET

    WASHINGTON— The government is selling the last of its shares in Ally Financial Inc., the former financing arm of General Motors that was bailed out during the financial crisis. Detroit- based Ally said Thursday that the Treasury Department is selling its remaining 54.9 million shares. Ally, formerly called GMAC Inc., received a $17.2 billion bailout that began...

  • Dec 18- U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes. The U.S. Treasury Department said it expects to ease its sanction rules for banking in Cuba in the coming weeks.

  • Rates on US Treasury bills rise at weekly auction Monday, 15 Dec 2014 | 5:51 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills climbing to the highest level in 14 months. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.035 percent, up from 0.025 percent last week. For a $10,000 bill, the three-month price was $9,999.12 while a...

  • Foreign holdings of US Treasury securities slip Monday, 15 Dec 2014 | 4:00 PM ET

    The Treasury Department said Monday in its monthly report that foreign holdings dropped 0.1 percent to $6.06 trillion, a decline of $7.5 billion. That followed a drop of $200 million in September, which came after holdings had climbed to a record high of $6.07 trillion in August. Japan, the No. 2 buyer, increased its holdings by $600 million to $1.22 trillion in...

  • WASHINGTON, Dec 10- The U.S. Treasury Department will begin asking foreign governments and central banks to report large holdings of U.S. federal debt, the Obama administration said on Wednesday. The policy was announced in a rule published in the Federal Register and takes effect on March 10. More recently, analysts have scratched their heads over Treasury data...

  • Stronger economy helps trim U.S. budget deficit Wednesday, 10 Dec 2014 | 2:00 PM ET

    WASHINGTON, Dec 10- The U.S. federal budget deficit narrowed in November, helped by a strengthening economy that boosted tax receipts during the month, Treasury Department data showed on Wednesday. Washington spent $56.8 billion more than it took in last month, which was less than half the deficit in November of 2013. It was also narrower than analysts'...

  • WASHINGTON, Dec 10- The U.S. Treasury Department will require foreign governments and central banks to report large holdings of U.S. federal debt, the Obama administration said on Wednesday. The new rule was published in the Federal Register and takes effect on March 10. Foreign central banks and governments were exempt from the reporting requirements,...

  • Cramer's story of a big pharma comeback Friday, 5 Dec 2014 | 6:22 PM ET
    A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange, July 18, 2014.

    Jim Cramer reflects on AbbVie's decision to drop the biggest merger of the year—and yet, this stock is still on fire.

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. The comments from a senior Treasury Department official knocked down speculation the administration could eventually release housing finance giants...

  • Lew made the remarks in a meeting with Democrats in the House of Representatives, an official with the Treasury Department said.

  • Sorkin: Senator Warren’s misplaced rage Tuesday, 25 Nov 2014 | 8:17 AM ET
    Senator Elizabeth Warren

    Sen. Elizabeth Warren misunderstands the Burger King-Tim Hortons inversion deal, Andrew Ross Sorkin says.

  • Nov 20- Casino operator Wynn Resorts Ltd said it was not aware of any investigation after the Wall Street Journal reported that the company is being probed by U.S. federal authorities for possible violation of money-laundering laws. The Internal Revenue Service sent a letter to Wynn's outside lawyer Donald Campbell requesting information on the company's...

  • Climate change to raise insurance losses Thursday, 20 Nov 2014 | 11:22 AM ET
    People wade through floodwaters while carrying belongings from their home in Lyons, Colo., Sept. 20, 2013.

    Property and agriculture losses caused by climate change is forecast to increase exponentially in the coming decades, reports USA Today.

  • U.S. budget deficit at $122 billion in October Thursday, 13 Nov 2014 | 2:00 PM ET

    WASHINGTON, Nov 13- The U.S. had a budget deficit of $122 billion in October, up 34 percent from the same period last year, according to data released by the Treasury Department on Thursday. Analysts polled by Reuters had expected a $111.7 billion deficit for last month. Last month's deficit was the largest for the month of October since 2011, according to a Treasury...

  • WH net neutrality push: Key points  Monday, 10 Nov 2014 | 10:14 AM ET

    CNBC's Eamon Javers runs through the key points of a statement released by the White House on net neutrality.

  • Cable stocks slide on White House statement  Monday, 10 Nov 2014 | 9:31 AM ET

    CNBC's Jim Cramer weighs in on the hit to cable stocks after President Obama made comments about net neutrality.