The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.» Read More
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...
People who only now are learning they owe an Obamacare penalty for 2014 will get another chance to sign up for insurance this year.
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.
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...
The shakeout in markets from diverging central bank policies is again a driving force for markets again Wednesday.
Fear of the central bank could be a driving force for markets again Wednesday as participants look ahead to the FOMC meeting next week.
The Congressional Budget Office said Monday that costs from Obamacare are now estimated to be 11 percent lower through 2025 than recently projected.
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...
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.
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.
Elizabeth Warren's opposition to the president's Pacific trade proposal shows how the senator can agitate, Politico's Ben White says.