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Treasury Department

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  • WASHINGTON, Dec 10- The U.S. Treasury Department will require foreign governments and central banks to report large holdings of U.S. federal debt, the Obama administration said on Wednesday. The new rule was published in the Federal Register and takes effect on March 10. Foreign central banks and governments were exempt from the reporting requirements,...

  • Cramer Remix: The perfect Christmas gift stock Friday, 5 Dec 2014 | 7:17 PM ET
    Jim Cramer on Mad Money.

    Wrap it up and put on a bow, "Mad Money" host Jim Cramer thinks these stocks belong under the tree.

  • Cramer's story of a big pharma comeback Friday, 5 Dec 2014 | 6:22 PM ET
    A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange, July 18, 2014.

    Jim Cramer reflects on AbbVie's decision to drop the biggest merger of the year—and yet, this stock is still on fire.

  • WASHINGTON, Dec 4- The Obama administration said on Thursday it would be irresponsible to end government stewardship of the country's biggest mortgage finance firms without legislation from Congress. The comments from a senior Treasury Department official knocked down speculation the administration could eventually release housing finance giants...

  • Lew made the remarks in a meeting with Democrats in the House of Representatives, an official with the Treasury Department said.

  • Sorkin: Senator Warren’s misplaced rage Tuesday, 25 Nov 2014 | 8:17 AM ET
    Senator Elizabeth Warren

    Sen. Elizabeth Warren misunderstands the Burger King-Tim Hortons inversion deal, Andrew Ross Sorkin says.

  • Nov 20- Casino operator Wynn Resorts Ltd said it was not aware of any investigation after the Wall Street Journal reported that the company is being probed by U.S. federal authorities for possible violation of money-laundering laws. The Internal Revenue Service sent a letter to Wynn's outside lawyer Donald Campbell requesting information on the company's...

  • Climate change to raise insurance losses Thursday, 20 Nov 2014 | 11:22 AM ET
    People wade through floodwaters while carrying belongings from their home in Lyons, Colo., Sept. 20, 2013.

    Property and agriculture losses caused by climate change is forecast to increase exponentially in the coming decades, reports USA Today.

  • U.S. budget deficit at $122 billion in October Thursday, 13 Nov 2014 | 2:00 PM ET

    WASHINGTON, Nov 13- The U.S. had a budget deficit of $122 billion in October, up 34 percent from the same period last year, according to data released by the Treasury Department on Thursday. Analysts polled by Reuters had expected a $111.7 billion deficit for last month. Last month's deficit was the largest for the month of October since 2011, according to a Treasury...

  • WH net neutrality push: Key points  Monday, 10 Nov 2014 | 10:14 AM ET

    CNBC's Eamon Javers runs through the key points of a statement released by the White House on net neutrality.

  • Cable stocks slide on White House statement  Monday, 10 Nov 2014 | 9:31 AM ET

    CNBC's Jim Cramer weighs in on the hit to cable stocks after President Obama made comments about net neutrality.

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • Oct 29- More than 40 million Americans earn money while driving around in their cars, making them eligible for a valuable business mileage deduction from the Internal Revenue Service. "Getting a lot of round numbers means people either aren't tracking or are rounding," says P.J. Wallin, 33, a certified public account from Richmond, Virginia. Bill Nemeth, an enrolled...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • WASHINGTON, Oct 24- The U.S. Treasury Department said on Friday it was tweaking its policy for retirement funds to encourage savers to buy annuities, a measure aimed to keep them from outliving their savings. The department and the Internal Revenue Service will let retirement funds offer long-term deferred annuities as a default investment in 401 retirement...

  • Uncle Sam wants you to consider this for retirement Friday, 24 Oct 2014 | 9:47 AM ET

    To ensure retirees don't run out of money, the IRS and the Treasury just issued guidance to expand the use of these investment vehicles.

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department also said Berlin could do more to help Europe, namely by...

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department said Berlin could do more to help Europe, namely by boosting the...

  • UPDATE 1-U.S. budget deficit lowest since 2008 - Treasury Wednesday, 15 Oct 2014 | 12:47 PM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was...

  • Federal deficit falls to $483 billion: Treasury  Wednesday, 15 Oct 2014 | 11:01 AM ET

    The Treasury Department says the fiscal 2014 federal budget deficit fell to $483 billion, reports CNBC's Eamon Javers.