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.» Read More
WASHINGTON, Oct 29- Foreign banks and investment funds got more detail from the Treasury Department on Tuesday about how to comply with a new U.S. anti-tax evasion law, including a draft agreement that some institutions must sign to avoid possible penalties.
Former Treasury Secretary Hank Paulson commenting on the $13 billion fine levied on JPMorgan, said on CNBC that Jamie Dimon is a "very strong CEO."
The House is scheduled to vote on two bills that would undercut new financial regulations and hand Wall Street a victory. The New York Times reports.
NEW YORK, Oct 29- U.S. The losses on light trading volume suggested traders were reluctant to make big bets when the Federal Reserve will begin its two-day policy meeting and the Treasury Department sought to sell $96 billion in coupon-bearing debt this week.
Treasury to sell $32 billion two-year notes. *Fed to buy $4.25- $5.25 billion bonds due 2017-2018. The Treasury Department will kick off this week's auctions of coupon-bearing issues with a $32 billion offering of two-year notes at 1 p.m..
Tony Nash, Vice President at IHS explains why US non-farm payrolls data, due on Wednesday, may be lower than market consensus and how will that impact Fed's tapering agenda.
CNBC's Rick Santelli and economist Jim Bianco, Bianco Research president, discuss why T-bills are soaring ahead of today's auction.
Fix the Debt co-Chair Erskine Bowles told CNBC that Treasury's Thursday deadline to increase the nation's borrowing limit is a "soft date."
Mark Patterson, Chief of Staff to Secretary of the Treasury says people are losing confidence in the US. 'Don't let the treasuries coffers run to zero.'
Marcus Svedberg, Chief Economist at East Capital draws similarities between Washington's looming debt default to the euro zone's debt mess.
WASHINGTON, Oct 8- U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman said.
NEW YORK, Oct 8- The normally uneventful sale of one-month U.S. The U.S. Treasury Department on Tuesday sold $30 billion of one-month bills that will pay an interest rate of 0.35 percent to investors.
WASHINGTON, Oct 8- U.S. House Republicans are weighing legislation requiring the creation of a new negotiating panel to find deficit-reductions as part of efforts to reopen the federal government and increase Treasury Department borrowing authority, a senior House aide said.
David Walker, Former U.S. Comptroller General says the U.S. will never default on its debt and that the Treasury should prioritize its debt service payments.
CNBC's Steve Liesman takes a look at how the debt ceiling is impacting government spending.
WASHINGTON, Oct 4- Nobody knows exactly when America would default on its bills if Congress fails to raise a cap on government borrowing. Even the Treasury Department can't know how much tax revenue will come in each day after Oct. 17, when it expects to hit its $16.7 trillion debt ceiling.
A default could be "catastrophic" and Treasurys could be threatened, reports CNBC's Steve Liesman, with the latest details from an announcement from the Treasury Department on the impact of a default on the economy and markets.
Because thousands of federal workers have been furloughed, lenders are not able to verify borrowers' income and other data with the Internal Revenue Service and Social Security Administration, making it difficult to authorize loans.
Charles Rangel, US Congressman Representative for New York's 13th Congressional District talks about the political wrangling over America's fiscal shape.
In a letter to lawmakers, Lew said the Treasury Department was suspending some reinvestments of a government currency exchange fund and would also enter into a debt swap with the Federal Financing Bank and the Civil Service Retirement and Disability Fund.