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  • April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.

  • US declines to name China a currency manipulator Tuesday, 15 Apr 2014 | 6:46 PM ET

    WASHINGTON— The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The Treasury Department said China's currency, the renminbi, has appreciated but not as fast or as much as needed.

  • Foreign holdings of US Treasury debt increase Tuesday, 15 Apr 2014 | 9:08 AM ET

    The Treasury Department says total foreign holdings rose 0.8 percent to $5.89 trillion, up from $5.84 trillion in January. China, the largest foreign buyer of Treasury debt, reduced its holdings a slight 0.2 percent, to $1.27 trillion. Japan, the second-largest buyer, boosted its holdings 0.8 percent, to $1.21 trillion.

  • Rates mixed at weekly US Treasury auction Monday, 14 Apr 2014 | 6:33 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising slightly and rates on six-month bills unchanged. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.035 percent, up from 0.030 percent last week.

  • With the deadline for filing hours away, tax professionals across the country said some clients have been surprised to learn the Internal Revenue Service was taking a larger bite.

  • April 15 not much of a deadline for most taxpayers Monday, 14 Apr 2014 | 2:14 PM ET

    WASHINGTON— The calendar shows April 15, and you haven't even started on your federal tax return? If you're due a refund— and about three-fourths of filers get refunds— April 15 isn't much of a deadline at all. The Internal Revenue Service doesn't like to talk about it, but penalties for filing late federal tax returns apply only to people who owe money.

  • A look at your chances of getting audited by IRS Sunday, 13 Apr 2014 | 8:08 AM ET

    The Internal Revenue Service audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income. Income $1 million and above.

  • US levies more sanctions over Crimea takeover Friday, 11 Apr 2014 | 4:10 PM ET

    WASHINGTON— The U.S. Treasury Department on Friday sanctioned the former vice speaker of the Ukrainian parliament, six Crimean separatist leaders and a Crimea-based gas company over Russia's takeover of the Crimean Peninsula.

  • NEW YORK, April 10- "Conscious uncoupling" might become all the rage now that actress Gwyneth Paltrow and musician Chris Martin have announced they are separating in a cooperative and respectful way. But there is nothing touchy feely about divorce in the eyes of the Internal Revenue Service.

  • NEW YORK, April 10- "Conscious uncoupling" might become all the rage now that actress Gwyneth Paltrow and musician Chris Martin have announced they are separating in a cooperative and respectful way. But there is nothing touchy feely about divorce in the eyes of the Internal Revenue Service.

  • US budget deficit falls in March to $37 billion Thursday, 10 Apr 2014 | 2:00 PM ET

    WASHINGTON— The U.S. government's budget deficit shrank to just $37 billion in March from $107 billion in the same month last year, the latest sign of improvement in the nation's finances. The deficit fell partly because revenue jumped 16 percent to $216 billion, the Treasury Department said in its monthly budget report Thursday.

  • COLUMN-Tax nightmare: What if you can't pay the IRS? Thursday, 10 Apr 2014 | 11:06 AM ET

    NEW YORK, April 10- There are many tax-time nightmares, but here's one of the most common: You don't have the cash to pay what you owe on April 15.

  • Ahead of the Bell: US Budget Deficit Thursday, 10 Apr 2014 | 6:06 AM ET

    WASHINGTON— The Treasury Department reports on the federal budget deficit for March. SMALLER GAP: The nonpartisan Congressional Budget Office estimates that the deficit narrowed to $36 billion in March from $107 billion in the same month a year ago. Spending by the Defense Department fell $7 billion and the cost of unemployment benefits dropped $2 billion.

  • House panel votes to hold IRS official in contempt Thursday, 10 Apr 2014 | 3:30 AM ET

    WASHINGTON— A House Committee voted Thursday to hold a former Internal Revenue Service official in contempt of Congress for refusing to answer questions at a pair of hearings. The official, Lois Lerner, previously headed the IRS division that processes applications for tax-exempt status.

  • US Treasury raises $2.38B in Ally stock sale Wednesday, 9 Apr 2014 | 6:04 PM ET

    WASHINGTON— The Treasury Department has raised $2.38 billion after selling a large chunk of its stock in Ally Financial Inc. as part of the U.S. government's ongoing effort to recoup the billions of dollars spent bailing out companies during the 2008 financial crisis.

  • House panel refers ex-IRS official to Justice Dept Wednesday, 9 Apr 2014 | 12:31 PM ET

    WASHINGTON— The House Ways and Means Committee voted Wednesday to refer a former Internal Revenue Service official to the Justice Department for possible criminal prosecution in the agency's tea party controversy. Lerner, who retired last year, headed the IRS division that processes applications for tax-exempt status.

  • Lew: Europe needs to boost demand     Wednesday, 9 Apr 2014 | 8:22 AM ET

    Treasury Secretary Jack Lew shares his thoughts on how Europe can assist its economic recovery. Investing in infrastructure stimulates demand, says Lew.

  • Lew: US leading global economic recovery     Wednesday, 9 Apr 2014 | 8:19 AM ET

    In a wide-ranging interview, CNBC's Steve Liesman talks with Treasury Secretary Jack Lew about how the U.S. is sparking economic growth.

  • WASHINGTON, April 8- The U.S. Internal Revenue Service asked Congress on Tuesday for legal authority to regulate thousands of unlicensed tax return preparers, but lawmakers were neutral on the idea.

  • Rates fall at weekly US Treasury bill auction Monday, 7 Apr 2014 | 6:10 PM ET

    The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.030 percent, down from 0.045 percent last week. The three-month rate was the lowest since three-month bills averaged 0.010 percent on Sept. 30. For a $10,000 bill, the three-month price was $9,999.24 while a six-month bill sold for $9,997.47.

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