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  • Rates rise at weekly US Treasury auction Monday, 20 Oct 2014 | 5:31 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills reaching their highest level since July. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, up from 0.010 percent last week. For a $10,000 bill, the three-month price was $9,999.49, while a...

  • Foreign holdings of US Treasury securities climb Thursday, 16 Oct 2014 | 4:08 PM ET

    China, the largest foreign owner of Treasury debt, increased its holdings after two months of reductions. The Treasury Department says in its monthly report that foreign holdings increased 1.1 percent to an all-time high of $6.07 trillion, after having fallen by 0.3 percent in July. China, the top foreign buyer of U.S.

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department also said Berlin could do more to help Europe, namely by...

  • US report criticizes China's currency policy Wednesday, 15 Oct 2014 | 4:45 PM ET

    WASHINGTON— The Obama administration said Wednesday that China's currency remains "significantly undervalued," but it stopped short of citing China or any other country for unfairly manipulating its currency to gain trade advantages. In a new report by the Treasury Department, the administration did warn China and other countries running trade surpluses...

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department said Berlin could do more to help Europe, namely by boosting the...

  • UPDATE 1-U.S. budget deficit lowest since 2008 - Treasury Wednesday, 15 Oct 2014 | 12:47 PM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was...

  • U.S. budget deficit shrinks to $483 bln - Treasury Wednesday, 15 Oct 2014 | 11:00 AM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as U.S. economic growth boosted tax collections, the Treasury Department said on Wednesday. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was followed by four straight...

  • Rates mixed at weekly US Treasury auction Tuesday, 14 Oct 2014 | 4:56 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Tuesday's auction with rates on six-month bills unchanged while rates on three-month bills fell to the lowest level since late 2011.. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.010 percent, down from 0.015 percent last week.

  • Treasury clears way for oil spill recovery grants Tuesday, 14 Oct 2014 | 4:44 PM ET

    NEW ORLEANS— The U.S. Treasury Department says it has cleared the way for Gulf Coast states and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund containing money from civil penalties in the 2010 BP oil spill. Under rules finalized Tuesday, 35 percent of the Gulf Restoration Trust Fund will be divided equally among...

  • SAN JUAN, Puerto Rico, Oct 10- A Puerto Rico judge ruled in favor of Doral late on Friday in its $229 million tax dispute with the Puerto Rico Treasury Department, which said it would appeal. Last May, the Treasury Department voided a 2012 agreement that set a $229 million tax refund for Doral resulting from a restatement of inflated earnings during a six-year period...

  • Geithner defends terms of AIG bailout Wednesday, 8 Oct 2014 | 2:58 PM ET

    WASHINGTON— Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying Wednesday that the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment. In trial testimony, Geithner said he and his colleagues at the Fed and the Treasury Department...

  • Report: US budget deficit falls to $486B Wednesday, 8 Oct 2014 | 11:18 AM ET

    WASHINGTON— The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday. The Congressional Budget Office's latest estimate shows better results than earlier projections by both CBO and the White House budget office. The Treasury Department...

  • WASHINGTON, Oct 7- Severe delays and inconvenience for millions of taxpayers could result in 2015 if the U.S. Congress fails to deal soon with a list of temporary tax laws that expired at the end of 2013, the Internal Revenue Service and a key senator warned on Tuesday. Known as the "extenders," the more than 50 expired tax laws are in limbo, waiting for Congress to...

  • Q+A-Tax Inversions 101: A pocket guide Wednesday, 24 Sep 2014 | 11:04 AM ET

    NEW YORK, Sept 23- The Treasury department this week announced a new set of regulations to crack down on the wave of "corporate inversions," in which American companies lower their tax bill by, simply put, relocating their legal corporate addresses overseas.

  • Treasury moves to combat tax inversions     Tuesday, 23 Sep 2014 | 6:08 AM ET

    The Treasury Department is seeking to reduce the benefits of companies buying foreign firms to switch tax domicile to a country with lower rates, reports CNBC's Eamon Javers.

  • OBAMA SAYS TREASURY SECRETARY LEW BRIEFED HIM ON MONDAY ON FIRST STEPS TREASURY DEPARTMENT WILL TAKE TO DISCOURAGE CORPORATE TAX INVERSIONS.

  • WASHINGTON, Sept 19- Oil major Exxon Mobil said on Friday the U.S. Treasury Department had granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week over its intervention in Ukraine.

  • WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week to punish Moscow for its intervention in Ukraine.

  • WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

  • Hedge funds buy $4.5 billion in Puerto Rican bonds Friday, 12 Sep 2014 | 1:54 PM ET
    Old San Juan, Puerto Rico

    Hedge funds and investment firms are advising and lending money to the Puerto Rican government, reports the New York Times.