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
WASHINGTON— Interest rates on short-term Treasury bills were unchanged in Monday's auction. The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.030 percent, unchanged from last week. For a $10,000 bill, the three-month price was $9,999.24 while a six-month bill sold for $9,997.47.
WASHINGTON, Aug 18- The U.S. government has grappled for more than 30 years with corporate deals known as inversions in which U.S. companies shift their tax domiciles abroad to avoid U.S. taxes. The first inversion in 1983 was followed a year later by two new rules from the U.S. Internal Revenue Service.
Total foreign holdings rose 0.6 percent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report. Japan, the second-biggest foreign buyer, saw its holdings slip a slight $600 million to $1.22 trillion. Belgium, Brazil and Taiwan were among the countries increasing their holdings.
WASHINGTON, Aug 13- Companies even partly owned by individuals sanctioned by the U.S. government could find themselves blacklisted as the result of a rule change announced on Wednesday by the Treasury Department.
WASHINGTON, Aug 12- The U.S. budget deficit was $95 billion at the end of July, down 3 percent from the same period last year, according to data released by the Treasury Department on Tuesday.
The Treasury Department issues its report Tuesday at 2 p.m. Eastern. JULY DEFICIT: The Congressional Budget Office expects the July deficit to total $96 billion, compared with a deficit of $97.6 billion a year earlier.
WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills rising to the highest level since late June while rates on six-month bills were unchanged. The Treasury Department auctioned $29 billion in three-month bills at a discount rate of 0.030 percent, up from 0.025 percent last week.
WASHINGTON, Aug 7- An influential U.S. senator is encouraging the Internal Revenue Service to stamp out deals that allow companies to relocate their headquarters overseas in search of lower tax rates.
*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, 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.
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, 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.
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.