Caught in a tug of war between the opposing policy modes of a tightening U.S. Fed and an easing European Central Bank, yields have taken dramatic turns.» Read More
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.
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.
At CNBC's Delivering Alpha Conference, Treasury Secretary Jack Lew addresses the concerns of cyberattack on the financial world.
Treasury Secretary Jack Lew, discusses how cyber intrusions are impacting and interrupting businesses and the U.S. financial systems.
An estimate from congressional research suggests the U.S. could miss out on billions from companies making acquisitions overseas.
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.
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.
WASHINGTON, June 3- The U.S. Senate on Tuesday confirmed Treasury Department official Timothy Massad to be chairman of the U.S. Commodity Futures Trading Commission. Senators also confirmed Chris Giancarlo, a swaps industry veteran, as a member of the five-person commission. Both were approved by a voice vote in the Senate.
Iranian oil exports are running above the levels the Islamic Republic agreed to when sanctions were loosened.
More than 77,000 foreign banks and financial institutions have agreed to share US tax information with the IRS.
Two U.S. congressmen have opened separate inquiries into whether a Treasury Department bureau may have flouted federal hiring rules.
WASHINGTON/ ST LOUIS, June 3- Two powerful U.S. congressmen have opened separate inquiries into whether a Department of the Treasury bureau charged with policing money laundering may have flouted federal hiring rules, including regulations that require military veterans be given preference for government jobs.
WASHINGTON, June 2- About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday.
In April, the New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.
In April, The New York Times reported that State Department lawyers favored supporting Jordan- based Arab Bank in the case in part because Jordan is a U.S. ally, but that the Justice Department and Treasury Department were inclined to avoid taking sides.
WASHINGTON, May 22- U.S. government workers owed $3.3 billion in delinquent taxes last year but were still better at staying current with the Internal Revenue Service than the general public, the IRS said on Thursday. About 3.3 percent of federal workers were delinquent on their taxes in fiscal 2013, versus 8.7 percent of all U.S. taxpayers, the IRS said.
Richard Kovacevich, former chairman & CEO of Wells Fargo, says the biggest mistake the Fed made during the financial crisis was rescuing Bear Stearns which was half the size of Lehman.
Richard Kovacevich, former chairman and CEO of Wells Fargo, explains why he thinks former Treasury Secretary Tim Geithner's new book is a justification for bad decisions.