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  • Rates mixed at weekly US Treasury bill auction Monday, 24 Nov 2014 | 5:34 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills falling to their lowest level in six weeks. 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. For a $10,000 bill, the three-month price was $9,999.50,...

  • 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...

  • Foreign holdings of US Treasury securities decline Tuesday, 18 Nov 2014 | 4:00 PM ET

    WASHINGTON— Foreign buyers of U.S. The Treasury Department said in its monthly report Tuesday that foreign holdings dipped 0.1 percent to $6.06 trillion in September after hitting an all-time high of $6.07 trillion in August. Japan, the No. 2 buyer, reduced its holdings by 0.7 percent to $1.22 trillion.

  • Rates mixed at weekly US Treasury bill auction Monday, 17 Nov 2014 | 5:33 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills rising to their highest point since March. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week. For a $10,000 bill, the three-month price was $9,999.37, while a...

  • 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...

  • 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...

  • Uncle Sam wants you to consider this for retirement Friday, 24 Oct 2014 | 9:47 AM ET

    To ensure retirees don't run out of money, the IRS and the Treasury just issued guidance to expand the use of these investment vehicles.

  • The Treasury official heading the ISIS attack Wednesday, 22 Oct 2014 | 10:45 AM ET
    David Cohen, under secretary for terrorism and financial intelligence at the Treasury Department

    David S. Cohen, the Treasury Department's intelligence strategist and global enforcer, makes sure illicit funds do not go to terrorists. NYT reports.

  • 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...

  • 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...

  • Federal deficit falls to $483 billion: Treasury     Wednesday, 15 Oct 2014 | 11:01 AM ET

    The Treasury Department says the fiscal 2014 federal budget deficit fell to $483 billion, reports CNBC's Eamon Javers.

  • 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...

  • 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...

  • 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's inversion fix not enough?     Tuesday, 23 Sep 2014 | 8:16 AM ET

    Tony James, Blackstone president & COO, shares his thoughts on why the Treasury's move to curb tax inversions are not likely to deter companies from moving overseas.