This past week saw important steps in the effort to combat offshore tax avoidance, a Treasury official explains.» Read More
Regulators are looking at Warren Buffett's Berkshire Hathaway to see if its failure would threaten financial stability, according to Bloomberg.
CNBC's Hampton Pearson reports that Treasury Secretary Jack Lew has sent another letter to Congress to urge them to act quickly on raising the debt limit before the February 7th deadline.
WASHINGTON, Jan 22- A senior U.S. Treasury Department official said on Wednesday that Republican Party opposition to a new law meant to fight offshore tax dodging by Americans will not impede the Obama administration's efforts to implement it worldwide.
WASHINGTON, Jan 16- The U.S. Treasury Department on Thursday announced plans to sell 410,000 shares in auto lender Ally Financial as part of its effort to unwind its financial bailout fund.
A U.S. federal judge dismissed a lawsuit challenging new rules forcing banks to tell IRS officials about accounts held by foreigners.
WASHINGTON, Jan 13- In a win for the Obama administration's fight against offshore tax evasion, a U.S. federal judge on Monday dismissed a lawsuit challenging new rules forcing U.S. banks to tell the Internal Revenue Service about certain accounts held by foreigners.
WASHINGTON, Jan 9- The U.S. Internal Revenue Service should take steps to restore public trust in its work, including adopting a taxpayer bill of rights that clearly states individuals' rights to fair treatment from the tax agency, an IRS watchdog said on Thursday.
Neal Wolin, former U.S. deputy treasury secretary, says that for the U.S. Treasury, "a strong dollar is the right place to be".
The Senate on Friday voted to confirm John Koskinen as the new head of the Internal Revenue Service.
WASHINGTON, Dec 20- The U.S. Senate on Friday voted to confirm John Koskinen as the new head of the Internal Revenue Service, giving the beleaguered tax agency its fourth chief in little more than a year.
The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.
The Treasury Department said it has signed six more anti-tax evasion pacts with foreign governments.
WASHINGTON, Dec 19- The U.S. Treasury Department said on Thursday it has signed six more anti-tax evasion pacts with foreign governments, including several jurisdictions previously criticized as tax havens.
WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.
WASHINGTON, Dec 11- The top Republican on the U.S. Senate's tax-writing panel on Wednesday endorsed President Barack Obama's nominee to be the next chief of the Internal Revenue Service, smoothing the path for what will likely be a prompt Senate confirmation.
WASHINGTON, Dec 11- Royal Bank of Scotland Group Plc will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba, U.S. authorities said on Wednesday. The bank entered into agreements with the U.S. Federal Reserve, the U.S. Treasury Department and the New York State Department of Financial Services.
*Nominee Koskinen vows to restore public trust in IRS. WASHINGTON, Dec 10- A Senate panel hearing on President Barack Obama's nominee to head the Internal Revenue Service was set to resume Wednesday after it was abruptly halted on Tuesday at a Republican senator's request, committee aides said.
WASHINGTON, Dec 10- President Barack Obama's nominee to be the new head of the U.S. Internal Revenue Service on Tuesday pledged to restore the public's trust in the tax agency and called on Congress to stop cutting the beleaguered IRS's budget.
The Treasury is selling its remaining shares of General Motors, reports CNBC's Steve Liesman. Former Vermont Governor Howard Dean; Lindsey Piegza, Sterne Agee chief economist, CNBC contributor Michael Farr; and CNBC's Robert Frank, weigh in.
Michael Materasso, Co-Chair, Fixed Income Policy Committee at Franklin Templeton Investments says that there are green shoots appearing with strong data from the U.S. however Fed tapering timetable remains uncertain.