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Treasury Department

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  • 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.

  • US Treasury bill rates mixed at weekly auction Monday, 21 Jul 2014 | 2:38 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills unchanged and six-month bills dropping to their lowest level in three weeks. The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week.

  • Republicans criticize handling of IRS inquiry Thursday, 17 Jul 2014 | 3:14 AM ET

    WASHINGTON— Republicans chastised the Justice Department on Thursday for failing to share information with Congress about its investigation into the targeting of conservative groups by the Internal Revenue Service.

  • Justice Dept. investigating missing IRS emails Wednesday, 16 Jul 2014 | 5:29 PM ET

    WASHINGTON— The Justice Department is investigating the circumstances behind the disappearance of emails from a former senior Internal Revenue Service official, part of a broader criminal inquiry into whether the agency had targeted conservative groups seeking tax-exempt status, according to congressional testimony released Wednesday.

  • Did Lew throw Fed under the bus?     Wednesday, 16 Jul 2014 | 9:09 AM ET

    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.

  • Foreign holdings of US Treasury debt rise in May Wednesday, 16 Jul 2014 | 9:06 AM ET

    The Treasury Department reported Wednesday that total foreign holdings rose 0.3 percent to $5.98 trillion, up from $5.96 trillion in April. Japan, the second-biggest foreign buyer, increased its holdings by 0.9 percent to $1.22 trillion.

  • Act on tax inversion now: Lew     Wednesday, 16 Jul 2014 | 8:51 AM ET

    Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about corporate tax inversions.

  • Jack Lew on Chinese hacking and 'cyber hygiene     Wednesday, 16 Jul 2014 | 8:47 AM ET

    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.

  • Conversations with Cramer & Lew     Wednesday, 16 Jul 2014 | 8:45 AM ET

    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.

  • Challenges of cybersecurity: Lew     Wednesday, 16 Jul 2014 | 8:33 AM ET

    Treasury Secretary Jack Lew, discusses how cyber intrusions are impacting and interrupting businesses and the U.S. financial systems.

  • Treasury's Lew targets cybersecurity     Wednesday, 16 Jul 2014 | 8:33 AM ET

    At CNBC's Delivering Alpha Conference, Treasury Secretary Jack Lew addresses the concerns of cyberattack on the financial world.

  • US could lose $20B from corporate tax inversions Tuesday, 15 Jul 2014 | 5:52 PM ET
    The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C.

    An estimate from congressional research suggests the U.S. could miss out on billions from companies making acquisitions overseas.

  • U.S budget surplus falls to $71 billion in June Friday, 11 Jul 2014 | 2:00 PM ET

    WASHINGTON, July 11- The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday.

  • NEW YORK, July 1- The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401 and individual retirement accounts.

  • Consider this new option for your retirement plan Tuesday, 1 Jul 2014 | 10:47 AM ET

    A change in tax rules will make it possible for workers to buy a type of annuity often called longevity insurance inside their retirement plans. NYT.

  • US records $130B budget deficit in May Wednesday, 11 Jun 2014 | 3:24 PM ET

    The U.S. reported a $130 billion deficit in May after a surplus in April, but this year's imbalance is on track to be the lowest in 6 years.

  • Greisman pleaded guilty to conspiracy, tax evasion and Internal Revenue Service obstruction charges in 2009. Four other BDO partners or employees had also pleaded guilty in the case. BDO USA, as the accounting firm is now known, agreed in June 2012 to pay $50 million to resolve related government claims through a deferred prosecution agreement.