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  • 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...

  • November budget deficit drops to $56.8 billion Wednesday, 10 Dec 2014 | 2:02 PM ET

    The Treasury Department said Wednesday the deficit for November totaled $56.8 billion, a drop of 58 percent from last year's November deficit of $135.2 billion. For the first two months of the budget year that began Oct. 1, the deficit totals $178.5 billion, an improvement of 21 percent from the same period last year. Congress came back after the November...

  • 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,...

  • Ahead of the Bell: US budget deficit Wednesday, 10 Dec 2014 | 6:24 AM ET

    WASHINGTON— The Treasury Department releases federal budget data for November. LOWER DEFICIT: The Congressional Budget Office is forecasting that the November deficit will be $59 billion, compared with a November deficit last year of $135.2 billion. A total of about $41 billion in payments that would normally have gone out in November were sent out in October...

  • Rates mixed at weekly US Treasury auction Monday, 8 Dec 2014 | 5:51 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged and rates on six-month bills rising to their highest level in 10 months. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.025 percent, the same as last week. For a $10,000 bill, the...

  • 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.

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • Oct 29- More than 40 million Americans earn money while driving around in their cars, making them eligible for a valuable business mileage deduction from the Internal Revenue Service. "Getting a lot of round numbers means people either aren't tracking or are rounding," says P.J. Wallin, 33, a certified public account from Richmond, Virginia. Bill Nemeth, an enrolled...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • WASHINGTON, Oct 24- The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings. The department and the Internal Revenue Service will let retirement funds offer long-term deferred annuities as a default investment in 401 retirement...