This past week saw important steps in the effort to combat offshore tax avoidance, a Treasury official explains.» Read More
NEW YORK, Jan 30- U.S. Treasuries prices fell on Thursday ahead of the U.S. Treasury Department's auction of five-year notes and seven-year debt and after the release of upbeat data on U.S. economic growth in the fourth quarter. The U.S. Treasury Department will sell $35 billion in five-year notes and $29 billion in seven-year debt on Thursday.
WASHINGTON/ BOSTON, Jan 29- President Barack Obama's new "myRA" retirement savings program will be run by a private-sector money management firm chosen by the U.S. Treasury Department from a field of up to 30 firms, a senior administration official said on Wednesday.
Investors don't have to ditch bonds to survive the taper but just need to pick the right bond ETFs.
Former U.S. Treasury Secretary Lawrence Summers, discusses the government's intervention in preventing an economic collapse in the U.S. during the financial crisis of 2008, and shares his thoughts on the slow growth recovery. We got to find ways of doing more, says Summers.
Congress should act as soon as possible and make sure there are no more self-inflicted wounds, says U.S. Treasury Secretary Jack Lew, discussing why lawmakers need to act in a timely manner to increase the nation's debt limit so the government can pay its bills.
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.