Treasury Department


  • Lew sends letter to Boehner   Friday, 13 Mar 2015 | 2:04 PM ET
    Lew sends letter to Boehner

    CNBC's Eamon Javers reports Treasury Secretary Jack Lew has issued a new letter to Speaker of the House John Boehner on the U.S. debt limit.

  • NEW YORK, March 12- U.S. The benchmark 10- year note was last off 1/ 32 and yielding about 2.11 percent, according to Thomson Reuters data. Gains for other maturities narrowed after the U.S. Treasury Department sold previously issued 30- year bonds at a yield of 2.681 percent to soft demand, Treasury data showed.

  • U.S. budget deficit dipped to $192 billion in February Thursday, 12 Mar 2015 | 2:00 PM ET

    WASHINGTON, March 12- The U.S. budget deficit was $192 billion in February, down 1 percent from the same period last year, according to data released by the Treasury Department on Thursday. The deficit was $194 billion in February of 2014, according to Treasury's monthly budget statement. If adjusted for timing-related transactions, the budget deficit would...

  • PANAMA CITY, March 11- Panama's banking regulator said on Wednesday it had seized the local unit of Banca Privada D' Andorra, as the lender's Andorra- based headquarters is being investigated by the United States government for possible money laundering. On Tuesday, the U. S Department of the Treasury named BPA as an institution of primary money laundering...

  • NEW YORK, March 11- Taxes are one of the few constants in life, but what happens when you change the way you do your return? There is always the lure of do-it-yourself- the number of people using tax software to file, like Intuit's TurboTax, increases by 6 percent annually, according to the Internal Revenue Service. If you are on the wrong end of it, you could end up drawing...

  • Fed fear factor could keep markets turbulent Wednesday, 11 Mar 2015 | 7:25 AM ET
    Traders on the floor of the New York Stock Exchange.

    The shakeout in markets from diverging central bank policies is again a driving force for markets again Wednesday.

  • Fed fear factor could keep markets turbulent Wednesday, 11 Mar 2015 | 5:52 AM ET
    Traders on the floor of the New York Stock Exchange.

    Fear of the central bank could be a driving force for markets again Wednesday as participants look ahead to the FOMC meeting next week.

  • Obamacare costs set to decline: CBO Monday, 9 Mar 2015 | 1:09 PM ET
    The US Capitol building

    The Congressional Budget Office said Monday that costs from Obamacare are now estimated to be 11 percent lower through 2025 than recently projected.

  • Lew to Congress: You have 10 days to hike ceiling Saturday, 7 Mar 2015 | 9:11 AM ET
    Jack Lew

    Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.

  • Congress is expected to face another contentious debate over raising the U.S. legal borrowing authority, which is due to expire on March 15. The Congressional Budget Office said this week that if Congress does not raise the federal debt limit, the Treasury Department will exhaust all of its borrowing capacity and run out of cash in October or November, slightly...

  • US hits debt limit March 16th: Sec. Lew   Friday, 6 Mar 2015 | 9:45 AM ET
    US hits debt limit March 16th: Sec. Lew

    Treasury Secretary Jack Lew says the Treasury will need to take extraordinary measures to finance the government on a temporary basis, reports CNBC's Eamon Javers.

  • Here's when the US could run out of cash: CBO Tuesday, 3 Mar 2015 | 6:04 PM ET
    The U.S. Treasury Building.

    The U.S. government can't borrow normally after March 15, setting up a potentially contentious vote to raise the debt limit.

  • WASHINGTON, March 3- The Congressional Budget Office said on Tuesday that if the U.S. federal debt limit is not raised, the U.S. Treasury Department will exhaust all of its borrowing capacity and run out of cash by October or November, slightly later than a previous forecast. Normal U.S. borrowing authority under the debt limit currently expires on March 15.

  • WASHINGTON, March 3- The Obama administration warned Congress on Tuesday that years of budget cuts to the country's tax collection agency could create a big fiscal headache. Congress has slashed the budget for the Internal Revenue Service by 10 percent over the last five years, hurting the agency's operations, said Treasury Secretary Jack Lew.

  • Giving Obama fits: The Elizabeth Warren way Friday, 27 Feb 2015 | 11:05 AM ET
    Sen. Elizabeth Warren, D-Mass., listens during a hearing on Capitol Hill, in Washington.

    Elizabeth Warren's opposition to the president's Pacific trade proposal shows how the senator can agitate, Politico's Ben White says.

  • US travel company begins booking flights to Cuba Thursday, 26 Feb 2015 | 8:57 AM ET
    A young woman talks on her mobile phone as she walks past a mural depicting Cuban revolutionary leaders January 24, 2015 in Havana, Cuba.

    CheapAir.com on Thursday started providing customers with a simple way to book a trip to Cuba online.

  • Feb 25- Doral Financial Corp said on Wednesday it intends to fight an appeals court ruling that overturned a lower court decision to grant the embattled lender a $229 million tax refund that was contested by Puerto Rico's Treasury Department. On Jan. 26, the FDIC issued a Prompt Corrective Action Directive ordering the bank to increase its capital within 30 days...

  • WASHINGTON, Feb 24- President Barack Obama plans to nominate Amias Gerety, a counselor at the Treasury Department, as assistant secretary for Financial Institutions, the White House said on Tuesday.

  • This could shock US housing market: Bove Tuesday, 24 Feb 2015 | 8:05 AM ET
    Richard Bove

    Without Fannie Mae and Freddie Mac, there would be few buyers for 30-year mortgages. That could upend the U.S. housing market, Dick Bove tells CNBC.

  • U.S. budget deficit widens a bit in January Wednesday, 11 Feb 2015 | 2:00 PM ET

    WASHINGTON, Feb 11- The U.S. budget deficit widened slightly in January, fueled in part by higher spending on government health care services for low-income Americans, according to data released by the Treasury Department on Wednesday. Compared with a year earlier, Washington spent $5 billion more on Medicaid, which provides health insurance for lower-income...