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  • Berkshire's NetJets avoids $500M IRS tax claim Tuesday, 27 Jan 2015 | 12:06 PM ET
    A Netjets Inc. sign stands hear a new Embraer Phenom 300 jet at Eppley Airfield in Omaha, Nebraska.

    The private jet-sharing company has defeated an IRS lawsuit attempting to recoup more than $500 million of unpaid taxes and penalties.

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • Rates on US Treasury bills mixed at weekly auction Monday, 26 Jan 2015 | 5:53 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, the same as last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,996.21.

  • DIARY- Top Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:01 PM ET

    Treasury Secretary Jacob Lew will preside over an open session of the Financial Stability Oversight Council at the Treasury Department. WASHINGTON- Federal Reserve chair Janet Yellen participates in open session of the Financial Stability Oversight Council meeting- 1930 GMT. LONDON- Bank of England will release the minutes from its January policy meeting-...

  • Rates mixed at weekly US Treasury bill auction Tuesday, 20 Jan 2015 | 5:15 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, down from 0.085 percent last week. For a $10,000 bill, the three-month price was $9,999.37 while a six-month bill sold for $9,996.21.

  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • Foreign holdings of US Treasury securities up Friday, 16 Jan 2015 | 4:00 PM ET

    Treasury securities rose to a record level in November following two months of declines, reflecting a big increase in purchases by Japan. The Treasury Department said Friday that foreign holdings increased 1 percent to a record $6.11 trillion in November following small declines in October and September. Japan, the No. 2 foreign buyer of Treasury debt, boosted...

  • U.S. budget surplus at $2 billion at end of December Tuesday, 13 Jan 2015 | 2:00 PM ET

    WASHINGTON, Jan 13- The U.S. budget surplus was $2 billion at the end of December, down 96 percent from the same period last year, according to data released by the Treasury Department on Tuesday. The fiscal year-to-date deficit at the end of December was $177 billion compared with a deficit of $173 billion in the comparable period last year. Receipts for the month...

  • Progressive Democrats and the 2016 conundrum Tuesday, 13 Jan 2015 | 11:49 AM ET
    Elizabeth Warren and Antonio Weiss

    Sen. Elizabeth Warren's knockout of Treasury nominee Antonio Weiss carries consequences for the 2016 general election, Politico's Ben White says.

  • WASHINGTON, Jan 12- Antonio Weiss, an investment banker who was a controversial nominee for a top post at the U.S. Treasury Department, has decided to withdraw from consideration, the White House said on Monday. Liberal lawmakers, led by Senator Elizabeth Warren of Massachusetts, fiercely opposed Weiss's nomination to the top Treasury domestic finance job...

  • The additional sanctions target three companies as well as 10 North Korean government officials, including individuals working in Iran, Syria, China, Russia and Namibia, according to the Treasury Department.

  • Guess how many billions the feds wasted this year Tuesday, 30 Dec 2014 | 11:40 AM ET
    U.S. Capitol building

    The Fiscal Times reports that auditors have identified around $43 billion wasted by the federal government.

  • 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...

  • Treasury sells entire Ally stake, ends auto rescue Friday, 19 Dec 2014 | 10:29 AM ET
    In this April 10, 2014 file photo, Ally Financial CEO Michael Carpenter, third from right, is applauded as he rings the New York Stock Exchange opening bell to mark his company's IPO.

    The U.S. Treasury is winding down its auto industry recovery program by selling the last of its stake in Ally Financial.

  • 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...

  • 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.

  • 'Perfect storm' pressures Russian economy: Lew  Thursday, 11 Dec 2014 | 8:47 AM ET

    CNBC's Andrew Ross Sorkin sits and Treasury Secretary Jack Lew discuss Russia's oil woes amid U.S. sanctions.

  • Lower oil prices like tax cut: Sec. Lew  Thursday, 11 Dec 2014 | 8:44 AM ET

    CNBC's Andrew Ross Sorkin sits down with Treasury Secretary Jack Lew to discuss how the drop in oil prices is impacting the economy. When you look at the oil sector you need to look at it in two parts - shale and traditional drilling. Also Lew shares his thoughts on President Obama's clean energy initiatives.

  • 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'...