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  • April 16- The Internal Revenue Service is seeking to recoup $3.22 billion from Texas businessman Samuel Wyly and the estate of his late brother Charles Wyly, after the brothers allegedly hid income by setting up sham overseas trusts. According to claims filings on Wednesday with the U.S. bankruptcy court in Dallas, the IRS believes Samuel Wyly owes $2.03...

  • NEW YORK, April 15- U.S. Treasury Department data on Wednesday showed Japan edged out China in February as the largest holder of U.S. Japan eclipsed China as the largest Treasury holder for the first time since August 2008. Japan's holdings actually declined in February, to $1.224 trillion, from $1.238 trillion the previous month, while China's also fell, to $1.223...

  • The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.025 percent, up from 0.020 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.105 percent, up from 0.095 percent last week. For a $10,000 bill, the three-month price was $9,999.37 while a six-month bill sold for $9,994.69.

  • The Treasury Department said Monday that the March deficit came to $52.9 billion compared to a deficit of $36.9 billion in March 2014. Congress returned Monday from a two-week recess facing what is expected to be months of wrangling between Republicans and Democrats over competing budget plans. President Barack Obama in February unveiled a budget proposal...

  • U.S. budget deficit rises to $53 billion in March Monday, 13 Apr 2015 | 2:00 PM ET

    WASHINGTON, April 13- The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday. Analysts polled by Reuters had forecast a $43 billion deficit for last month. Receipts last month totaled $234 billion, up 8 percent from the year-ago period, while outlays were...

  • Ahead of the Bell: US budget deficit Monday, 13 Apr 2015 | 6:17 AM ET

    WASHINGTON— The Treasury Department releases federal budget data for March. DEFICIT UP: The Congressional Budget Office is forecasting the March deficit will total $44 billion, up 19 percent from a deficit of $36.9 billion in March 2014. President Barack Obama in February unveiled a budget proposal for 2016, his final full year in office, which seeks...

  • WASHINGTON, April 9- The United States warned Europe on Thursday against relying too much on exports for growth and urged officials to make more use of fiscal policy, saying stronger demand in Germany was essential. In its semiannual report to Congress, the U.S. Treasury Department appeared to give a preview of the positions it will press on foreign policymakers...

  • NEW YORK, April 7- U.S. Treasury department kicking off $58 billion in coupon sales this week, starting with the auction of $24 billion in three-year notes later on Tuesday. "The market has come to a point where it's comfortable understanding where the Federal Reserve is headed, that they are truly meaning what they say, which is they are data-dependent," said George...

  • Rates for US Treasury bills drop at weekly auction Monday, 6 Apr 2015 | 6:15 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.035 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.095 percent, down from 0.135 percent last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,995.20.

  • WASHINGTON, March 25- PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday. PayPal, owned by EBay Inc, did not adequately screen its transactions for U.S. sanctions targets for...

  • PayPal to pay $7.7 mln in sanctions case Wednesday, 25 Mar 2015 | 1:58 PM ET

    WASHINGTON, March 25- Mobile payments firm PayPal is set to pay $7.7 million in a settlement with the U.S. Treasury Department over violations of numerous sanctions programs, including Iran, Cuba and Sudan, Treasury said in a statement on Wednesday. PayPal, the payments division of the e-commerce company EBay Inc, did not adequately screen its transactions for...

  • This is what could drive stocks this week Monday, 23 Mar 2015 | 5:49 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Stocks, stuck in their own zigzag pattern, remain vulnerable to the whims of unusually volatile currency markets in the week ahead.

  • Watch for stock volatility next week Friday, 20 Mar 2015 | 6:31 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Stocks, stuck in their own zigzag pattern, remain vulnerable to the whims of unusually volatile currency markets in the week ahead.

  • COLUMN-U.S. student borrowers need relief in bankruptcy Wednesday, 18 Mar 2015 | 8:00 AM ET

    LOS ANGELES, March 18- Two changes to the U.S. consumer bankruptcy process could help some of the most trapped student loan borrowers free themselves from a modern-day debtors' prison. President Barack Obama last week directed three U.S. government agencies- the Department of the Treasury and Education as well as the Consumer Financial Protection Bureau- to...

  • Shh! What Yellen won’t say and how to trade it Wednesday, 18 Mar 2015 | 7:00 AM ET
    Federal Reserve Chair Janet Yellen adjusts her glasses as she testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, February 24, 2015.

    The Federal Reserve won't mention this topic in its official statement Wednesday.

  • Cut US debt before it's too late: Ex-Gov Daniels Tuesday, 17 Mar 2015 | 11:30 AM ET
    Then-Indiana Gov. Mitch Daniels leaves the White House after a meeting of the National Governors Association with President Barack Obama in February 2012.

    Washington needs to "get serious" about the nation's debt to help jump-start the economy's recent "limping rate," ex-Governor and former OMB Director Mitch Daniels warns.

  • NEW YORK, March 16- Foreign investors sold U.S. Treasuries for a third straight month in January, pushing outflows to their highest in at least three years, according to the latest available data from the U.S. Treasury Department on Monday. Treasuries totaled $55.08 billion in January, compared with outflows of $15.6 billion in December.

  • *Andorra says banking system under stress. MADRID, March 16- State-appointed managers at Andorra's Banca Privada d' Andorra have capped cash withdrawals in an attempt to contain the damage from U.S. allegations the bank laundered money for international criminal gangs. Andorra took control of the bank after the U.S. Department of the Treasury described it last...

  • Customers of Banco Madrid, which caters for wealthy people, rushed to empty their accounts after parent group, Andorran lender Banca Privada d' Andorra, was described by the U.S. Department of the Treasury as an "easy vehicle" for criminal gangs in Russia and China to funnel their profits. Banco Madrid had 15,000 clients with assets under management of about 6...

  • Obamacare's new 'special' sign-up period for tardy Friday, 13 Mar 2015 | 2:12 PM ET
    A man holds a sign directing people to an insurance company where they can sign up for the Affordable Care Act, in Miami last month.

    People who only now are learning they owe an Obamacare penalty for 2014 will get another chance to sign up for insurance this year.